Owner–managers of private family businesses are vulnerable to escalation of commitment, which can lead to costly …, we extend prior research on escalation of commitment (Staw, 1981). Specifically, we develop a model that examines how … outside board members influence the antecedents, and moderate the processes, that lead to escalation of commitment. Our work …

attracted by a maze of illusions. The paper illustrates the phenomena of escalation of commitment in static and in deterioration … concept of the RBV of competitive advantages and the phenomena of escalation of commitment, the paper provides a concise …