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Entrepreneurial orientation and performance in private family firms: A configurational model
Author(s) -
Bauweraerts Jonathan
Publication year - 2019
Publication title -
canadian journal of administrative sciences / revue canadienne des sciences de l'administration
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.347
H-Index - 48
eISSN - 1936-4490
pISSN - 0825-0383
DOI - 10.1002/cjas.1513
Subject(s) - dynamism , socioemotional selectivity theory , entrepreneurial orientation , entrepreneurship , context (archaeology) , family business , business , perspective (graphical) , empirical research , marketing , industrial organization , management , knowledge management , psychology , economics , computer science , artificial intelligence , paleontology , developmental psychology , philosophy , physics , epistemology , quantum mechanics , biology , finance
The relationship between entrepreneurial orientation (EO) and performance has received considerable attention from the family business literature. However, little is known about how EO, organizational parameters, and environmental characteristics act in combination to influence family firm performance. Drawing on the socioemotional wealth perspective, this study proposes a configurational model that considers the performance implications of EO, family management, and environmental dynamism. The empirical analysis indicates that the combination of family management, low EO, and low environmental dynamism engenders the best performance. The paper contributes to the family entrepreneurship literature by identifying the conditions under which EO leads to improved performance in family firms, and answers a recent call for more context‐based investigations of the performance effects of family managers. © 2018 ASAC. Published by John Wiley & Sons, Ltd.