Tweaking the entrepreneurial orientation–performance relationship in family firms:the effect of control mechanisms and family-related goals

Kallmuenzer, Andreas and Strobl, Andreas and Peters, Mike (2018) Tweaking the entrepreneurial orientation–performance relationship in family firms:the effect of control mechanisms and family-related goals. Review of Managerial Science, 12 (4). 855–883.

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Abstract

Management literature is currently giving growing conceptual and empirical attention to the peculiarity and relevance of entrepreneurial attitudes in family firms, with divergent outcomes. Aiming at concretizing the effects of these attitudes, denoted by the entrepreneurial orientation construct, on family business performance and considering that family dynamics come into play in this relationship, we particularly investigate the impact of control mechanisms and family-related goals. Findings are based on a sample of 180 family firms and show that Proactiveness and Autonomy are particularly relevant to financial performance. Agency-problems avoiding control mechanisms moderate the effect of Innovativeness and Autonomy, while socioemotional wealth (SEW) goals moderate the effect of Risk-Taking, respectively. The usage of these mechanisms and managing SEW goals provide opportunities for a more efficient exploitation of entrepreneurial attitudes.

Item Type:
Journal Article
Journal or Publication Title:
Review of Managerial Science
Subjects:
ID Code:
138504
Deposited By:
Deposited On:
01 Nov 2019 09:50
Refereed?:
Yes
Published?:
Published
Last Modified:
16 Sep 2020 05:57