Linkages between high-performance work practices and family-centered goals: implications for financial performance in family firms

Sánchez Marín, Gregorio; Lozano Reina, Gabriel; Beglaryan, Mane

Publication:
Linkages between high-performance work practices and family-centered goals: implications for financial performance in family firms

dc.contributor.author	Sánchez Marín, Gregorio
dc.contributor.author	Lozano Reina, Gabriel
dc.contributor.author	Beglaryan, Mane
dc.contributor.department	Organización de Empresas y Finanzas
dc.contributor.other	Facultades, Departamentos, Servicios y Escuelas::Departamentos de la UMU::Organización de Empresas y Finanzas	es
dc.date.accessioned	2025-01-08T12:30:19Z
dc.date.available	2025-01-08T12:30:19Z
dc.date.issued	2024-03-14
dc.description	© 2023 Emerald Publishing Limited. This manuscript version is made available under the CC-BY-NC 4.0 license http://creativecommons.org/licenses/by-nc/4.0/ This document is the Submitted Manuscript version of a Published Work that appeared in final form in Journal of Small Business and Enterprise Development. To access the final edited and published work see https://doi.org/10.1108/JSBED-03-2023-0117
dc.description.abstract	Purpose This study explores what impact high-performance work practices (HPWP) – from the ability-motivation-opportunity (AMO) framework – might have on financial performance among family firms and examines the mediating role played by family-centered goals (FCGs). Design/methodology/approach The empirical approach is based on data collected from a sample of 339 Spanish small and medium-sized family enterprises operating in the industry and service sectors. To test the hypotheses, this paper applies a path analysis modeling tool to estimate both indirect and direct effects in mediator models. Findings The results indicate that the AMO framework has a significant impact on financial performance through the lens of FCGs. In addition, family businesses' keen concern to preserve family wealth influences the effectiveness of HPWPs, making firms more socioemotionally oriented at the expense of economic impact. Research limitations/implications This paper underscores the importance of integrating family aspirations into strategic human resource management (HRM) design, emphasizing the significance of socioemotional wealth (SEW) preservation. Practical implications The findings offer practical insights for family managers, family owners and human resource (HR) practitioners, suggesting the need to align HR practices with family goals and to strategically balance socioemotional and financial wealth considerations. Family owners in key management positions must skillfully manage HR strategies in order to harmonize family and firm goals. Originality/value By examining the mediating effect of FCGs, this paper advances and extends SEW theory in the context of HRM by considering the relationships between HR practices and firm performance as a mixed gamble approach.	es
dc.format	application/pdf	es
dc.format.extent	45	es
dc.identifier.doi	https://doi.org/10.1108/JSBED-03-2023-0117
dc.identifier.eisbn	Journal of Small Business and Enterprise Development, 2024, Vol. 31 N. 1, pp. 126-151	es
dc.identifier.issn	Print: 1462-6004
dc.identifier.issn	Electronic: 1758-7840
dc.identifier.uri	http://hdl.handle.net/10201/148050
dc.language	eng	es
dc.publisher	Emerald Publishing Limited
dc.relation	This study was funded by the Spanish Ministry of Economy and Competitiveness (No: ECO2017-84209-P), and the authors acknowledge Fundacion Cajamurcia.	es
dc.relation.publisherversion	https://www.emerald.com/insight/content/doi/10.1108/jsbed-03-2023-0117/full/html	es
dc.rights	info:eu-repo/semantics/openAccess	es
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 Internacional	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/	*
dc.subject	Ability motivation opportunity framework
dc.subject	High performance work practices
dc.subject	Family firms
dc.subject	Family-centered goals
dc.subject	Firm financial performance
dc.title	Linkages between high-performance work practices and family-centered goals: implications for financial performance in family firms	es
dc.type	info:eu-repo/semantics/article	es
dspace.entity.type	Publication	es