期刊
REVIEW OF MANAGERIAL SCIENCE
卷 12, 期 4, 页码 855-883出版社
SPRINGER HEIDELBERG
DOI: 10.1007/s11846-017-0231-6
关键词
Family dynamics; Agency theory; Control mechanism; Socioemotional wealth; Entrepreneurial orientation; Performance; Quantitative
类别
资金
- University of Innsbruck
- Medical University of Innsbruck
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.
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