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Tweaking the entrepreneurial orientation–performance relationship in family firms: the effect of control mechanisms and family-related goals

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Tweaking the entrepreneurial orientation–performance relationship in family firms : the effect of control mechanisms and family-related goals. / Kallmuenzer, Andreas; Strobl, Andreas; Peters, Mike.

In: Review of Managerial Science, Vol. 12, No. 4, 31.10.2018, p. 855–883.

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Kallmuenzer A, Strobl A, Peters M. Tweaking the entrepreneurial orientation–performance relationship in family firms: the effect of control mechanisms and family-related goals. Review of Managerial Science. 2018 Oct 31;12(4):855–883. Epub 2017 Feb 24. doi: 10.1007/s11846-017-0231-6

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Kallmuenzer, Andreas ; Strobl, Andreas ; Peters, Mike. / Tweaking the entrepreneurial orientation–performance relationship in family firms : the effect of control mechanisms and family-related goals. In: Review of Managerial Science. 2018 ; Vol. 12, No. 4. pp. 855–883.

Bibtex

@article{3c8e5f9c93f84a9fbfa072d9a4b83144,
title = "Tweaking the entrepreneurial orientation–performance relationship in family firms: the effect of control mechanisms and family-related goals",
abstract = "Management literature is currently giving growing conceptual and empirical attention to the peculiarity and relevance of entrepreneurial attitudes in family firms, with divergent outcomes. Aiming at concretizing the effects of these attitudes, denoted by the entrepreneurial orientation construct, on family business performance and considering that family dynamics come into play in this relationship, we particularly investigate the impact of control mechanisms and family-related goals. Findings are based on a sample of 180 family firms and show that Proactiveness and Autonomy are particularly relevant to financial performance. Agency-problems avoiding control mechanisms moderate the effect of Innovativeness and Autonomy, while socioemotional wealth (SEW) goals moderate the effect of Risk-Taking, respectively. The usage of these mechanisms and managing SEW goals provide opportunities for a more efficient exploitation of entrepreneurial attitudes.",
keywords = "Family dynamics, Agency theory, Control mechanism, Socio-emotional wealth, Entrepreneurial orientation, Performance",
author = "Andreas Kallmuenzer and Andreas Strobl and Mike Peters",
year = "2018",
month = oct,
day = "31",
doi = "10.1007/s11846-017-0231-6",
language = "English",
volume = "12",
pages = "855–883",
journal = "Review of Managerial Science",
number = "4",

}

RIS

TY - JOUR

T1 - Tweaking the entrepreneurial orientation–performance relationship in family firms

T2 - the effect of control mechanisms and family-related goals

AU - Kallmuenzer, Andreas

AU - Strobl, Andreas

AU - Peters, Mike

PY - 2018/10/31

Y1 - 2018/10/31

N2 - Management literature is currently giving growing conceptual and empirical attention to the peculiarity and relevance of entrepreneurial attitudes in family firms, with divergent outcomes. Aiming at concretizing the effects of these attitudes, denoted by the entrepreneurial orientation construct, on family business performance and considering that family dynamics come into play in this relationship, we particularly investigate the impact of control mechanisms and family-related goals. Findings are based on a sample of 180 family firms and show that Proactiveness and Autonomy are particularly relevant to financial performance. Agency-problems avoiding control mechanisms moderate the effect of Innovativeness and Autonomy, while socioemotional wealth (SEW) goals moderate the effect of Risk-Taking, respectively. The usage of these mechanisms and managing SEW goals provide opportunities for a more efficient exploitation of entrepreneurial attitudes.

AB - Management literature is currently giving growing conceptual and empirical attention to the peculiarity and relevance of entrepreneurial attitudes in family firms, with divergent outcomes. Aiming at concretizing the effects of these attitudes, denoted by the entrepreneurial orientation construct, on family business performance and considering that family dynamics come into play in this relationship, we particularly investigate the impact of control mechanisms and family-related goals. Findings are based on a sample of 180 family firms and show that Proactiveness and Autonomy are particularly relevant to financial performance. Agency-problems avoiding control mechanisms moderate the effect of Innovativeness and Autonomy, while socioemotional wealth (SEW) goals moderate the effect of Risk-Taking, respectively. The usage of these mechanisms and managing SEW goals provide opportunities for a more efficient exploitation of entrepreneurial attitudes.

KW - Family dynamics

KW - Agency theory

KW - Control mechanism

KW - Socio-emotional wealth

KW - Entrepreneurial orientation

KW - Performance

U2 - 10.1007/s11846-017-0231-6

DO - 10.1007/s11846-017-0231-6

M3 - Journal article

VL - 12

SP - 855

EP - 883

JO - Review of Managerial Science

JF - Review of Managerial Science

IS - 4

ER -