By Hannes Hauswald
Despite extensive anecdotal facts, little is understood in regards to the antecedents and results of stakeholder belief whilst facing a relations enterprise. the subject has obtained little systematic awareness, that's extraordinary given its value as a possible aggressive virtue for relations companies and the impact of kinfolk companies in lots of markets around the globe. In his dissertation, Hannes Hauswald attempts to handle this hole. during 3 essays, he explores what drives stakeholder belief while facing relatives companies. moreover, he sheds gentle at the results of stakeholder belief for relatives companies and suitable contingency factors.
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Extra resources for Stakeholder Trust in Family Businesses
2011) make us confident that, overall, perceptions of family businesses are mainly positive. Antecedents and outcomes of stakeholder trust in family businesses 31 Subsequently, I state (also see Figure 4): Proposition 2: Stakeholders’ perceivable family influence positively impacts stakeholders’ perceptions of trustworthiness through the positive impact of categorization processes. 4. Impact of stakeholder trust on outcomes for the family business Having addressed the potential effects of family influence as an antecedent of perceived trustworthiness, there remains the question of whether and how these effects can translate into outcomes for the family business.
1995). Applying Mayer’s framework to this context, the stakeholder (the truster) develops trust based on the perceived trustworthiness of the family business. Based on the level of trust in the family business and the perceived risk, the stakeholder engages in risk-taking, leading to 24 Antecedents and outcomes of stakeholder trust in family businesses an outcome for the stakeholder. , 1995) to an individual-to-organization interaction, which is an appropriate level of analysis when studying trust (Currall & Inkpen, 2002).
1. Impact of family influence on actual trustworthy behavior towards stakeholders As stated in the introduction, anecdotal evidence points to increased trustworthy behavior by family businesses due to, for example, altruistic behavior, longer-term relations and higher degrees of commitment (Ward & Aronoff, 1991). Likewise, the results of empirical research 26 Antecedents and outcomes of stakeholder trust in family businesses provide support for increased trustworthy behavior by family businesses (in terms of competence, benevolence and integrity).