Home > Research > Publications & Outputs > Entrepreneurial Leadership in Austrian Family SMEs

Electronic data

  • manuscript_R3_accepted

    Accepted author manuscript, 525 KB, PDF document

    Available under license: CC BY: Creative Commons Attribution 4.0 International License

Links

Text available via DOI:

View graph of relations

Entrepreneurial Leadership in Austrian Family SMEs: A Configurational Approach

Research output: Contribution to Journal/MagazineJournal articlepeer-review

E-pub ahead of print
Close
<mark>Journal publication date</mark>27/04/2022
<mark>Journal</mark>International Small Business Journal
Number of pages29
Publication StatusE-pub ahead of print
Early online date27/04/22
<mark>Original language</mark>English

Abstract

This article explores the role of stewardship practices related to entrepreneurial leadership in turning entrepreneurial orientation (EO) into family firm performance while considering its environmental context. Family business research has not fully investigated how the EO–financial performance relationship depends on configurations of internal and external factors which establish strategic fit. We argue that family firms can overcome the often-highlighted paternalism-entrepreneurship paradox by employing stewardship practices related to entrepreneurial leadership (internal factor), which in turn can help them leverage strategic fit between EO and dynamic environments (external factor). The results of a survey of 162 Austrian small and medium-sized family enterprises (family SMEs) show that family SMEs can only profit from EO under certain configurations of internal and external factors. Employing stewardship practices related to entrepreneurial leadership turns out to be an efficient and necessary condition for transforming EO into performance. Environmental dynamism is, furthermore, a double-edged sword facilitating and impeding the transformation of EO into performance. These findings contribute to existing research by shedding light on the role of stewardship practices in establishing strategic fit in entrepreneurial 10 years family firms.