Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Sales and employment changes in entrepreneurial ventures with family ownership
T2 - empirical evidence from high-tech industries
AU - Colombo, M. G.
AU - De Massis, Alfredo
AU - Piva, E.
AU - Rossi-Lamastra, C.
AU - Wright, M.
PY - 2014/4
Y1 - 2014/4
N2 - We examine the relation between changes in employment and changes in sales for entrepreneurial ventures with and without family ownership. We argue that this positive relation is weaker for entrepreneurial ventures with family ownership. The goal of preserving socio-emotional wealth (SEW) makes indeed these firms more reluctant to hire (fire) employees in correspondence with an increase (decrease) in sales than their counterparts without family ownership. Results on a sample of Italian entrepreneurial ventures in high-tech industries support our arguments. They also show that the strength of the relation depends on the composition of the entrepreneurial team.
AB - We examine the relation between changes in employment and changes in sales for entrepreneurial ventures with and without family ownership. We argue that this positive relation is weaker for entrepreneurial ventures with family ownership. The goal of preserving socio-emotional wealth (SEW) makes indeed these firms more reluctant to hire (fire) employees in correspondence with an increase (decrease) in sales than their counterparts without family ownership. Results on a sample of Italian entrepreneurial ventures in high-tech industries support our arguments. They also show that the strength of the relation depends on the composition of the entrepreneurial team.
U2 - 10.1111/jsbm.12100
DO - 10.1111/jsbm.12100
M3 - Journal article
VL - 52
SP - 226
EP - 245
JO - Journal of Small Business Management
JF - Journal of Small Business Management
SN - 0047-2778
IS - 2
ER -