TY - JOUR
T1 - Family firm performance through transformational CEO leadership and familiness-related team forces
AU - Neffe, Carolin
AU - Wilderom, Celeste
AU - Lattuch, Frank
N1 - Publisher Copyright:
© 2024, Emerald Publishing Limited.
PY - 2024/7/24
Y1 - 2024/7/24
N2 - Purpose: The purpose of this study is to test the role of familiness-related team forces induced by the CEO of family firms. In particular, we report on the effects of the transformational leadership style of CEOs on their respective top-management team (TMT) and firm performance when viewed through a familiness lens. Design/methodology/approach: Survey measures were taken from a snowballed sample of 72 CEOs of German family firms as well as from 245 members of their TMTs. We tested the aggregated firm-level data with objective performance indicators of the firms they led. Findings: Support was obtained for the three hypothesized team-force mediations and the four-path mediation model. The relationship between CEO’s transformational style and high family-firm performance is found to be serially mediated by TMT cohesion, behavioral integration and efficacy. Together, these three types of collective forces are assumed to be the familiness effect of a family-member CEO with a transformational leadership style. Originality/value: With our model, we quantitatively tested familiness-type forces vis-à-vis firm performance. Theoretical and practical implications of these findings are discussed.
AB - Purpose: The purpose of this study is to test the role of familiness-related team forces induced by the CEO of family firms. In particular, we report on the effects of the transformational leadership style of CEOs on their respective top-management team (TMT) and firm performance when viewed through a familiness lens. Design/methodology/approach: Survey measures were taken from a snowballed sample of 72 CEOs of German family firms as well as from 245 members of their TMTs. We tested the aggregated firm-level data with objective performance indicators of the firms they led. Findings: Support was obtained for the three hypothesized team-force mediations and the four-path mediation model. The relationship between CEO’s transformational style and high family-firm performance is found to be serially mediated by TMT cohesion, behavioral integration and efficacy. Together, these three types of collective forces are assumed to be the familiness effect of a family-member CEO with a transformational leadership style. Originality/value: With our model, we quantitatively tested familiness-type forces vis-à-vis firm performance. Theoretical and practical implications of these findings are discussed.
KW - n/a OA procedure
KW - CEO transformational leadership style
KW - Cohesion
KW - Efficacy
KW - Family firms
KW - Top-management team (TMT)
KW - Behavioral integration
UR - https://www.scopus.com/pages/publications/85193960418
U2 - 10.1108/LODJ-09-2023-0536
DO - 10.1108/LODJ-09-2023-0536
M3 - Article
AN - SCOPUS:85193960418
SN - 0143-7739
VL - 45
SP - 992
EP - 1010
JO - Leadership and Organization Development Journal
JF - Leadership and Organization Development Journal
IS - 6
ER -