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Strategic posture and performance: revealing differences between family and nonfamily firms

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Strategic posture and performance: revealing differences between family and nonfamily firms. / Madison, Kristen; Runyan, Rodney; Swinney, Jane L.
In: Journal of Family Business Strategy, Vol. 5, No. 3, 09.2014, p. 239-251.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Madison, K, Runyan, R & Swinney, JL 2014, 'Strategic posture and performance: revealing differences between family and nonfamily firms', Journal of Family Business Strategy, vol. 5, no. 3, pp. 239-251. https://doi.org/10.1016/j.jfbs.2013.11.006

APA

Madison, K., Runyan, R., & Swinney, J. L. (2014). Strategic posture and performance: revealing differences between family and nonfamily firms. Journal of Family Business Strategy, 5(3), 239-251. https://doi.org/10.1016/j.jfbs.2013.11.006

Vancouver

Madison K, Runyan R, Swinney JL. Strategic posture and performance: revealing differences between family and nonfamily firms. Journal of Family Business Strategy. 2014 Sept;5(3):239-251. Epub 2014 Feb 7. doi: 10.1016/j.jfbs.2013.11.006

Author

Madison, Kristen ; Runyan, Rodney ; Swinney, Jane L. / Strategic posture and performance : revealing differences between family and nonfamily firms. In: Journal of Family Business Strategy. 2014 ; Vol. 5, No. 3. pp. 239-251.

Bibtex

@article{1e5ab18b6008479cbeaae388f1ca78f4,
title = "Strategic posture and performance: revealing differences between family and nonfamily firms",
abstract = "We investigate two strategic postures, entrepreneurial orientation (EO) and small business orientation (SBO), and their relationships with firm performance, revealing significant differences between family and nonfamily firms. We examine EO and SBO in 377 small businesses, finding that EO has a greater impact on the performance of nonfamily firms, whereas SBO drives the performance of family firms. Contrary to research suggesting that family firms should behave more entrepreneurially, our results indicate that this behaviour has no significant effect on family firm performance. Rather, increased performance is found in family firms that adopt a small business strategic orientation.",
keywords = "Strategic posture, Small business orientation, Entrepreneurial orientation, Family firm performance",
author = "Kristen Madison and Rodney Runyan and Swinney, {Jane L.}",
year = "2014",
month = sep,
doi = "10.1016/j.jfbs.2013.11.006",
language = "English",
volume = "5",
pages = "239--251",
journal = "Journal of Family Business Strategy",
issn = "1877-8585",
publisher = "Elsevier Limited",
number = "3",

}

RIS

TY - JOUR

T1 - Strategic posture and performance

T2 - revealing differences between family and nonfamily firms

AU - Madison, Kristen

AU - Runyan, Rodney

AU - Swinney, Jane L.

PY - 2014/9

Y1 - 2014/9

N2 - We investigate two strategic postures, entrepreneurial orientation (EO) and small business orientation (SBO), and their relationships with firm performance, revealing significant differences between family and nonfamily firms. We examine EO and SBO in 377 small businesses, finding that EO has a greater impact on the performance of nonfamily firms, whereas SBO drives the performance of family firms. Contrary to research suggesting that family firms should behave more entrepreneurially, our results indicate that this behaviour has no significant effect on family firm performance. Rather, increased performance is found in family firms that adopt a small business strategic orientation.

AB - We investigate two strategic postures, entrepreneurial orientation (EO) and small business orientation (SBO), and their relationships with firm performance, revealing significant differences between family and nonfamily firms. We examine EO and SBO in 377 small businesses, finding that EO has a greater impact on the performance of nonfamily firms, whereas SBO drives the performance of family firms. Contrary to research suggesting that family firms should behave more entrepreneurially, our results indicate that this behaviour has no significant effect on family firm performance. Rather, increased performance is found in family firms that adopt a small business strategic orientation.

KW - Strategic posture

KW - Small business orientation

KW - Entrepreneurial orientation

KW - Family firm performance

U2 - 10.1016/j.jfbs.2013.11.006

DO - 10.1016/j.jfbs.2013.11.006

M3 - Journal article

VL - 5

SP - 239

EP - 251

JO - Journal of Family Business Strategy

JF - Journal of Family Business Strategy

SN - 1877-8585

IS - 3

ER -