Entrepreneurial orientation and firm performance in family SMEs:the moderating effects of family, women, and strategic involvement in the board of directors

Arzubiaga, Unai and Iturralde, Txomin and Maseda, Amaia and Kotlar, Josip (2018) Entrepreneurial orientation and firm performance in family SMEs:the moderating effects of family, women, and strategic involvement in the board of directors. International Entrepreneurship and Management Journal, 14 (1). pp. 217-244. ISSN 1554-7191

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Abstract

Entrepreneurial success in family SMEs is largely determined by the knowledge, skills, and new ideas contributed by board directors, the most important actors in the formulation of corporate strategy and decision making. The composition of family SME boards has traditionally been homogeneous, as such boards usually comprise male family members. Boards' contributions, however, depend on their level of diversity and strategic involvement. This study analyzes the moderating effects of two main sources of board diversity in family firms, family involvement level and gender diversity, as potential means of enhancing family firms' success when exploiting entrepreneurial initiatives. This study also explores whether these two potential moderators depend on the strategic involvement of the board directors. Based on a sample of 230 Spanish family firms, we found that the link between entrepreneurial orientation and performance is stronger in firms with lower levels of family involvement and higher levels of gender diversity in the board. Moreover, the board's high strategic involvement may strengthen the positive impact of gender diversity and change the moderating influence of family involvement from negative to positive.

Item Type:
Journal Article
Journal or Publication Title:
International Entrepreneurship and Management Journal
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/1400/1405
Subjects:
ID Code:
124225
Deposited By:
Deposited On:
17 Apr 2018 13:42
Refereed?:
Yes
Published?:
Published
Last Modified:
20 Sep 2020 04:42