Why and when do family firms invest less in talent management? The suppressor effect of risk aversion
This article explores the complex relationship between family firms and talent management practices. We use an international sample of medium-sized manufacturing firms to show that the relationship between family-owned firms and investment in talent management practices is mediated by the firm'...
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| Other Authors: | , , |
| Format: | article |
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2021
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| Online Access: | https://hdl.handle.net/11073/32508 |
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| _version_ | 1864513438048321536 |
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| author | Basco, Rodrigo |
| author2 | Bassetti, Thomas Dal Maso, Lorenzo Lattanzi, Nicola |
| author2_role | author author author |
| author_facet | Basco, Rodrigo Bassetti, Thomas Dal Maso, Lorenzo Lattanzi, Nicola |
| author_role | author |
| dc.creator.none.fl_str_mv | Basco, Rodrigo Bassetti, Thomas Dal Maso, Lorenzo Lattanzi, Nicola |
| dc.date.none.fl_str_mv | 2021-09-25 2025-11-25T10:00:16Z 2025-11-25T10:00:16Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | Basco, R., Bassetti, T., Dal Maso, L., & Lattanzi, N. (2021). Why and when do family firms invest less in talent management? The suppressor effect of risk aversion. Journal of Management and Governance, 27(1), 101–130. https://doi.org/10.1007/s10997-021-09599-1 1572-963X https://hdl.handle.net/11073/32508 10.1007/s10997-021-09599-1 |
| dc.language.none.fl_str_mv | en |
| dc.publisher.none.fl_str_mv | Springer |
| dc.relation.none.fl_str_mv | https://doi.org/10.1007/s10997-021-09599-1 |
| dc.subject.none.fl_str_mv | Talent management Family ownership Risk aversion Moral hazard Adverse selection Industry competition |
| dc.title.none.fl_str_mv | Why and when do family firms invest less in talent management? The suppressor effect of risk aversion |
| dc.type.none.fl_str_mv | Peer-Reviewed Published version info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | This article explores the complex relationship between family firms and talent management practices. We use an international sample of medium-sized manufacturing firms to show that the relationship between family-owned firms and investment in talent management practices is mediated by the firm's level of risk aversion, which is, in turn, moderated by industry competition. Risk-averse family-owned firms tend to invest less in talent management practices when industry competition is weak. In contrast, when competition increases, family-owned firms tend to invest in talent as much as non-family-owned firms do. |
| format | article |
| id | aus_0f31c8e094f49ebca498bf6af415aee8 |
| identifier_str_mv | Basco, R., Bassetti, T., Dal Maso, L., & Lattanzi, N. (2021). Why and when do family firms invest less in talent management? The suppressor effect of risk aversion. Journal of Management and Governance, 27(1), 101–130. https://doi.org/10.1007/s10997-021-09599-1 1572-963X 10.1007/s10997-021-09599-1 |
| language_invalid_str_mv | en |
| network_acronym_str | aus |
| network_name_str | aus |
| oai_identifier_str | oai:repository.aus.edu:11073/32508 |
| publishDate | 2021 |
| publisher.none.fl_str_mv | Springer |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | Why and when do family firms invest less in talent management? The suppressor effect of risk aversionBasco, RodrigoBassetti, ThomasDal Maso, LorenzoLattanzi, NicolaTalent managementFamily ownershipRisk aversionMoral hazardAdverse selectionIndustry competitionThis article explores the complex relationship between family firms and talent management practices. We use an international sample of medium-sized manufacturing firms to show that the relationship between family-owned firms and investment in talent management practices is mediated by the firm's level of risk aversion, which is, in turn, moderated by industry competition. Risk-averse family-owned firms tend to invest less in talent management practices when industry competition is weak. In contrast, when competition increases, family-owned firms tend to invest in talent as much as non-family-owned firms do.Alma Mater Studiorum - Università di BolognaSpringer2025-11-25T10:00:16Z2025-11-25T10:00:16Z2021-09-25Peer-ReviewedPublished versioninfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfBasco, R., Bassetti, T., Dal Maso, L., & Lattanzi, N. (2021). Why and when do family firms invest less in talent management? The suppressor effect of risk aversion. Journal of Management and Governance, 27(1), 101–130. https://doi.org/10.1007/s10997-021-09599-11572-963Xhttps://hdl.handle.net/11073/3250810.1007/s10997-021-09599-1enhttps://doi.org/10.1007/s10997-021-09599-1oai:repository.aus.edu:11073/325082025-11-25T11:20:37Z |
| spellingShingle | Why and when do family firms invest less in talent management? The suppressor effect of risk aversion Basco, Rodrigo Talent management Family ownership Risk aversion Moral hazard Adverse selection Industry competition |
| status_str | publishedVersion |
| title | Why and when do family firms invest less in talent management? The suppressor effect of risk aversion |
| title_full | Why and when do family firms invest less in talent management? The suppressor effect of risk aversion |
| title_fullStr | Why and when do family firms invest less in talent management? The suppressor effect of risk aversion |
| title_full_unstemmed | Why and when do family firms invest less in talent management? The suppressor effect of risk aversion |
| title_short | Why and when do family firms invest less in talent management? The suppressor effect of risk aversion |
| title_sort | Why and when do family firms invest less in talent management? The suppressor effect of risk aversion |
| topic | Talent management Family ownership Risk aversion Moral hazard Adverse selection Industry competition |
| url | https://hdl.handle.net/11073/32508 |