Organizational virtue orientation and family firms

G. Tyge Payne, Keith H. Brigham, J. Christian Broberg, Todd W. Moss, Jeremy C. Short

Research output: Contribution to journalArticle

72 Scopus citations

Abstract

This manuscript develops the concept of organizational virtue orientation (OVO) and examines differences between family and non-family firms on the six organizational virtue dimensions of Integrity, Empathy, Warmth, Courage, Conscientiousness, and Zeal. Using content analysis of shareholder letters from S&P 500 companies, our analyses find that there are significant differences between family and non-family firms in their espoused OVO, with family firms generally being higher. Specifically, family firms were significantly higher on the dimensions of Empathy, Warmth, and Zeal, but lower on Courage. Based on these findings we further develop the OVO concept through the discussion of implications and areas for future research.

Original languageEnglish (US)
Pages (from-to)257-285
Number of pages29
JournalBusiness Ethics Quarterly
Volume21
Issue number2
DOIs
StatePublished - Apr 2011
Externally publishedYes

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Philosophy
  • Economics and Econometrics

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    Payne, G. T., Brigham, K. H., Broberg, J. C., Moss, T. W., & Short, J. C. (2011). Organizational virtue orientation and family firms. Business Ethics Quarterly, 21(2), 257-285. https://doi.org/10.5840/beq201121216