Fiduciaries and Family Firms: Integrating the Logics of Commerce and Family

Brooke Harrington, Vanessa M. Strike

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

Drawing on an 8-year ethnographic study, we analyze 65 interviews with family firm fiduciaries in 18 countries to examine the fiduciary’s role in re-integrating the logics of family and commerce within family firms. Our data identifies two sets of tasks that fiduciaries perform where competing institutional logics are beginning to dis-integrate: rationalization and stabilization. Our findings contribute to family business scholarship by showing that fiduciaries can play the integrative “man in the middle” role, integrating competing sets of assumptions, cognitions, emotions and practices into a functional whole. Moreover, we contribute to literature on institutional logics by mapping out how fiduciaries are able to straddle multiple logics – particularly those of commerce and family – allowing firms to remain robust in the face of change, particularly in leadership.
Drawing on an 8-year ethnographic study, we analyze 65 interviews with family firm fiduciaries in 18 countries to examine the fiduciary’s role in re-integrating the logics of family and commerce within family firms. Our data identifies two sets of tasks that fiduciaries perform where competing institutional logics are beginning to dis-integrate: rationalization and stabilization. Our findings contribute to family business scholarship by showing that fiduciaries can play the integrative “man in the middle” role, integrating competing sets of assumptions, cognitions, emotions and practices into a functional whole. Moreover, we contribute to literature on institutional logics by mapping out how fiduciaries are able to straddle multiple logics – particularly those of commerce and family – allowing firms to remain robust in the face of change, particularly in leadership.
LanguageEnglish
Title of host publicationProceedings of the Seventy-eight Annual Meeting of the Academy of Management
EditorsGuclu Atinc
Number of pages6
Place of PublicationBriar Cliff Manor, NY
PublisherAcademy of Management
Date2018
Article number18
DOIs
StatePublished - 2018
Event78th Annual Meeting of The Academy of Management : Improving Lives - Chicago, United States
Duration: 10 Aug 201814 Aug 2018
Conference number: 78
http://aom.org/annualmeeting/

Conference

Conference78th Annual Meeting of The Academy of Management
Number78
CountryUnited States
CityChicago
Period10/08/201814/08/2018
Internet address
SeriesAcademy of Management Proceedings
ISSN2151-6561

Cite this

Harrington, B., & Strike, V. M. (2018). Fiduciaries and Family Firms: Integrating the Logics of Commerce and Family. In G. Atinc (Ed.), Proceedings of the Seventy-eight Annual Meeting of the Academy of Management [18] Briar Cliff Manor, NY: Academy of Management. Academy of Management Proceedings, DOI: 10.5465/AMBPP.2018.18
Harrington, Brooke ; Strike, Vanessa M./ Fiduciaries and Family Firms : Integrating the Logics of Commerce and Family. Proceedings of the Seventy-eight Annual Meeting of the Academy of Management. editor / Guclu Atinc. Briar Cliff Manor, NY : Academy of Management, 2018. (Academy of Management Proceedings).
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Harrington, B & Strike, VM 2018, Fiduciaries and Family Firms: Integrating the Logics of Commerce and Family. in G Atinc (ed.), Proceedings of the Seventy-eight Annual Meeting of the Academy of Management., 18, Academy of Management, Briar Cliff Manor, NY, Academy of Management Proceedings, Chicago, United States, 10/08/2018. DOI: 10.5465/AMBPP.2018.18

Fiduciaries and Family Firms : Integrating the Logics of Commerce and Family. / Harrington, Brooke; Strike, Vanessa M.

Proceedings of the Seventy-eight Annual Meeting of the Academy of Management. ed. / Guclu Atinc. Briar Cliff Manor, NY : Academy of Management, 2018. 18.

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

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Harrington B, Strike VM. Fiduciaries and Family Firms: Integrating the Logics of Commerce and Family. In Atinc G, editor, Proceedings of the Seventy-eight Annual Meeting of the Academy of Management. Briar Cliff Manor, NY: Academy of Management. 2018. 18. (Academy of Management Proceedings). Available from, DOI: 10.5465/AMBPP.2018.18