Organizational Psychological Capital of Family Franchise Firms Through the Lens of the Leader–Member Exchange Theory

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Esra Memili, Associate Professor of Entrepreneurship (Creator)
Dianne H.B. Welsh, Distinguished Professor of Entrepreneurship (Creator)
The University of North Carolina at Greensboro (UNCG )
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Abstract: We explore organizational psychological capital (PsyCap) of family franchise firms by drawing on PsyCap and leader–member exchange (LMX) theories and family business literature. We suggest that unique family firm LMXs characterized by trust, respect, and obligation can foster organizational PsyCap of family franchise firms, in turn affecting their innovativeness. We also suggest that transgenerational succession intentions moderate the impact of the LMXs on the development of organizational PsyCap of family franchise firms as well as the consequent effects on innovativeness. We supplement these theoretical conjectures with two exploratory analyses based on survey data—a stepwise regression and correlational analysis. We also discuss implications for future research and practice.

Additional Information

Journal of Leadership & Organizational Studies, 21(2), 200-209
Language: English
Date: 2014
organizational PsyCap of family franchise firms, LMX, transgenerational succession intentions, Management, Family Business

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