Rights statement: 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/
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Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - Bounded Rationality and Bounded Reliability
T2 - A Study of Nonfamily Managers’ Entrepreneurial Behavior in Family Firms
AU - Kotlar, Josip
AU - Sieger, Philipp
N1 - 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/
PY - 2019/3/1
Y1 - 2019/3/1
N2 - 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.
AB - 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.
KW - bounded rationality
KW - bounded reliability
KW - transaction cost economics
KW - (non)family managers
KW - entrepreneurial behavior
U2 - 10.1177/1042258718796085
DO - 10.1177/1042258718796085
M3 - Journal article
VL - 43
SP - 251
EP - 273
JO - Entrepreneurship Theory and Practice
JF - Entrepreneurship Theory and Practice
SN - 1042-2587
IS - 2
ER -