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  4. Graduating college students apply here: Communicating family firm ownership and firm size
 
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Graduating college students apply here: Communicating family firm ownership and firm size
Dr. Llanos-Contreras, Orlando 
Facultad de Ciencias Económicas y Administrativas 
Alonso Dos Santos, Manuel
Facultad de Ciencias Económicas y Administrativas 
Welsh, Dianne
10.1016/j.jfbs.2022.100535
Elsevier Ltd
2024
Attracting business college graduates is a major challenge for the growth and transgenerational success of family firms. Moreover, the institutional context of countries is critical in explaining family firms’ potential advantages and/or disadvantages in attracting nonfamily talent. This study aims to elucidate how communicating firm ownership (family vs. nonfamily), firm size (large vs. small), and type of job offered (professional vs. nonprofessional) influences the perceptions and attitudes of Latin American business graduates toward working in such firms. In an experimental study that uses job advertisement stimuli, we found that communicating family ownership positively influences career development’s perceptions of firm prestige. Large (vs. small) firm size also has a positive influence on job seekers’ perceptions of firms. Importantly, both firm prestige and career development positively influence the attraction of working in family firms. In this paper, we discuss the differences in the results among countries and professional vs. nonprofessional job positions advertised. The results have several implications for family firm owners and managers.
Family firm
Family image transmission
Labor market
Nonfamily talent
Graduating college student recruitment
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