Rights statement: The final, definitive version of this article has been published in the Journal, Family Business Review, 27 (1), 2014, © SAGE Publications Ltd, 2014 by SAGE Publications Ltd at the Family Business Review page: http://fbr.sagepub.com/ on SAGE Journals Online: http://online.sagepub.com/
Accepted author manuscript, 869 KB, PDF document
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - The temporal evolution of proactiveness in family firms
T2 - the horizontal S-curve hypothesis
AU - De Massis, Alfredo
AU - Chirico, Francesco
AU - Kotlar, Josip
AU - Naldi, Lucia
N1 - The final, definitive version of this article has been published in the Journal, Family Business Review, 27 (1), 2014, © SAGE Publications Ltd, 2014 by SAGE Publications Ltd at the Family Business Review page: http://fbr.sagepub.com/ on SAGE Journals Online: http://online.sagepub.com/
PY - 2014/3
Y1 - 2014/3
N2 - We extend prior work on proactiveness in family firms by examining the relationship between firm age and proactiveness. Specifically, we propose an S-shaped effect of aging of family firms on proactiveness. Additionally, we provide a contingency perspective by considering the moderating role of the dispersion of managerial control among family members. Using a sample of Swiss family firms, we find that proactiveness first declines, then increases, and finally decreases again as the family firm ages, and that this relationship is steeper when the managerial control is dispersed among multiple family members.
AB - We extend prior work on proactiveness in family firms by examining the relationship between firm age and proactiveness. Specifically, we propose an S-shaped effect of aging of family firms on proactiveness. Additionally, we provide a contingency perspective by considering the moderating role of the dispersion of managerial control among family members. Using a sample of Swiss family firms, we find that proactiveness first declines, then increases, and finally decreases again as the family firm ages, and that this relationship is steeper when the managerial control is dispersed among multiple family members.
KW - proactiveness
KW - life cycle stage
KW - goals
KW - agency
KW - stewardship
KW - time
U2 - 10.1177/0894486513506114
DO - 10.1177/0894486513506114
M3 - Journal article
VL - 27
SP - 35
EP - 50
JO - Family Business Review
JF - Family Business Review
SN - 0894-4865
IS - 1
ER -