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.
|Titolo:||Why and when do family firms invest less in talent management? The suppressor effect of risk aversion|
|Data di pubblicazione:||2021|
|Appare nelle tipologie:||1.1 Articolo in rivista|