Family membersââ?¬â?¢ ownership stances in family businesses are critical in case of business\nlongevity. Family membersââ?¬â?¢ business involvement in legal ownership rights has been addressed\nby previous studies and findings are rigid. Yet, themes behind family membersââ?¬â?¢ psychological\nownership in the business are not adequately shown in the literature. Accordingly, this study\nfocuses on understanding the role of psychological ownership of managers who have a kinship\nto owners, without having legal ownership rights to the business. Using psychological\nownership theory as the theoretical lenses, the emerging themes determining managerââ?¬â?¢s\npersonal, family and business objectives were explored. Based on purposive sampling\ntechnique, twenty managers from twelve diverse family businesses were selected as\nrespondents for interviews. In the data analysis, three main behavioural themes of managers in\nrelation to longevity of the business emerged: ââ?¬Ë?business objectives focusedââ?¬â?¢, ââ?¬Ë?family objectives\nfocusedââ?¬â?¢ and ââ?¬Ë?self-identityââ?¬â?¢. Results of the analysis indicated that managers from family without\nhaving legal ownership rights are exhibiting extra-role stewardship and task performance\nbehaviours, which are important to the longevity of the business. Further, to fulfil family and\nbusiness requirements, managers have shown the behaviour of ââ?¬Ë?benevolent leaderââ?¬â?¢ coordinating\nbusiness, family and other stakeholders driving the business satisfying family and other\npartners in the short term. Self-identity as a co-worker of the business and recognition as a legal\nowner are identified as claims of managers from owning family without having ownership\nrights to the business. Practically, these findings encourage effective governance decisions of\nfamily businesses.
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