Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.14279/29905
Title: | Owner-manager emotions and strategic responses of small family businesses to the COVID-19 pandemic |
Authors: | Christofi, Michael Hadjielias, Elias Mahto, Raj V. Tarba, Shlomo Dhir, Amandeep |
Major Field of Science: | Social Sciences |
Field Category: | Economics and Business |
Keywords: | emotions;Family business;owner-manager;stewardship;strategic response |
Issue Date: | 1-Jan-2023 |
Source: | Journal of Small Business Management, 2023 |
Abstract: | COVID-19 pandemic, a consensus crisis that has had a profound effect on societies and economies globally, compelled family businesses to respond strategically in order to remain afloat. We examine the role of their owner-managers’ emotions in the strategic response to the COVID-19 pandemic, drawing on 38 in-depth interviews with owner-managers of small family businesses in Cyprus. Our findings reveal that owner-managers have experienced mainly negative emotions during the pandemic, including higher levels of stress, insecurity, fear, and doubt. By reflecting on these emotions, owner-managers can activate affective mechanisms and apply a stewardship logic to respond strategically. We contribute to the family business literature by conceptualizing key processes at the intersection between owner-manager emotions and strategic responses to the COVID-19 pandemic. By focusing on individual (that is, owner-manager) emotional processes and stewardship attitudes, our study provides a microfoundational explanation of strategic responses during external crises and offers both theoretical and practical implications. |
URI: | https://hdl.handle.net/20.500.14279/29905 |
ISSN: | 00472778 |
DOI: | 10.1080/00472778.2023.2193230 |
Rights: | © International Council for Small Business Attribution-NonCommercial-NoDerivatives 4.0 International |
Type: | Article |
Affiliation : | Cyprus University of Technology University of New Mexico University of Birmingham University of Agder |
Publication Type: | Peer Reviewed |
Appears in Collections: | Άρθρα/Articles |
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