Bounded Rationality and Bounded Reliability:A Study of Nonfamily Managers’ Entrepreneurial Behavior in Family Firms

Kotlar, Josip and Sieger, Philipp (2019) Bounded Rationality and Bounded Reliability:A Study of Nonfamily Managers’ Entrepreneurial Behavior in Family Firms. Entrepreneurship Theory and Practice, 43 (2). pp. 251-273. ISSN 1042-2587

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Abstract

We use transaction cost economics to explain the individual-level entrepreneurial behavior of family and non-family managers in family firms. We argue that non-family managers exhibit lower entrepreneurial behavior than family managers, particularly after the founder’s departure from the business. Moreover, we identify an expanded set of factors through which family firms can facilitate non-family managers’ entrepreneurial behavior, including monitoring, incentives, distributive justice, access to the top management, and job control perceptions. We test these hypotheses in a sample of 296 family firm managers, contributing new insights on non-family managers and corporate entrepreneurship in family firms.

Item Type:
Journal Article
Journal or Publication Title:
Entrepreneurship Theory and Practice
Additional Information:
The final, definitive version of this article has been published in the Journal, Entrepreneurship Theory and Practice, 43 (2), 2019, © SAGE Publications Ltd, 2019 by SAGE Publications Ltd at the Entrepreneurship Theory and Practice page: http://journals.sagepub.com/etp on SAGE Journals Online: http://journals.sagepub.com/
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
ID Code:
127341
Deposited By:
Deposited On:
01 Oct 2018 12:52
Refereed?:
Yes
Published?:
Published
Last Modified:
26 Sep 2020 05:28