Sustaining the Family Business With Minimal Financial Rewards
通过研究20家英国家庭奶牛场，发现家族企业在经济回报极低时采取四种生存策略：业务多元化、最大化债务、牺牲家庭需求或妥协，每种策略对家庭和企业都有不同影响。
We engaged in a multicase comparative study exploring how family farm businesses continue when economic returns are minimal. We analyzed strategic approaches used by 20 family dairy farms operating in the United Kingdom and identified four different strategic behaviors chosen by the family farm businesses—diversifying the business, maximizing debt, sacrificing family needs, and compromising. Each strategy allows the firm to survive, but has consequences for the family, the business, or both. Our study contributes to the socioemotional wealth literature by showing how emotional attachment to the business can influence firm decision making.