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Entitled to Embezzlement? The Case of Successful Executives Working for Rich Heirs

Bibliographic Data

ID2153241
AuthorsPetter Gottschalk (0000-0002-8120-0308, BI Norwegian Business School, Oslo, Norway, corresponding author), Cecilie Asting (BI Norwegian Business School, Oslo, Norway)
Year2020
Volume41
Issue3
Pages269-277
Publication date2020-03-03
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueDeviant Behavior (JOURNAL)
Journal identifiersISSN: 0163-9625 • E-ISSN: 1521-0456
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/01639625.2018.1564365
OpenAlexW2907503043
LanguageEN
References cited30

In family firms, there is a distinction between family members and nonfamily members. Research reviewed in this article indicates that family firms tend to be operated to enhance the well-being of owning families and their members. Nonfamily executives are often treated as second-class individuals in the organization. There is an asymmetrical distribution of power among family and nonfamily. From the theory of convenience, we apply equity theory in the motivational dimension, principal–agent theory in the opportunity dimension, and neutralization theory in the willingness dimension to shed light on deviant behaviors by nonfamily executives in family firms. We present two case studies from Norway – a former CEO and a former CFO in family firms – who both were sentenced to prison for embezzlement

Business · Corporate governance · Criminal law · Criminology · Demographic economics · Dimension (graph theory · Economics · Embezzlement · Equity (law · Political science · Principal–agent problem · Prison · Corporate Finance and Governance · Entrepreneurship Studies and Influences · Family Business Performance and Succession · Law · Psychology · Social Psychology · Finance

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Citation velocityhistorical
Highly citedNo

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