The Effect of Transgenerational Control Intention on Family-Firm Performance: It Depends Who Pursues It
研究了家族企业中跨代控制意图（TCI）对绩效的影响，发现只有家族管理者追求TCI时会损害绩效，而非家族管理者则不会。
Transgenerational control intention (TCI) is a pivotal characteristic of many family firms. Yet, it remains unclear whether TCI benefits family-firm performance by instilling a long-term view, or hurts performance by fueling harmful socioemotional wealth (SEW) goals. We posit that it depends who pursues it. When faced with TCI, family managers are known to suffer from cognitive biases that, we submit, do not similarly apply to nonfamily managers. Thus, only family managers harm performance when pursuing TCI. An empirical investigation of 107 private German family firms supports our theory; the effect of TCI on firm performance depends on who pursues it.