From family commitment to entrepreneurial orientation: exploring the role of cultural mechanisms in mature family firms

2021 ◽  
Vol 51 (4) ◽  
pp. 297-327
Author(s):  
Christopher Arz
Keyword(s):  
Entrepreneurial Orientation ◽  
Family Firms ◽  
Family Commitment

The impact of a crisis on entrepreneurial orientation of family firms: The role of organisational decline and generational change

2021 ◽  
pp. 026624262110366
Author(s):  
Ana M Moreno-Menéndez ◽  
Unai Arzubiaga ◽  
Vanessa Díaz-Moriana ◽  
José C Casillas
Keyword(s):  
Entrepreneurial Orientation ◽  
Family Firms ◽  
Theory And Practice ◽  
Stability And Convergence ◽  
Generational Change ◽  
Entrepreneurial Behaviour ◽  
Temporal Aspects ◽  
Alternative Hypotheses ◽  
The Impact

This article critically analyses entrepreneurial orientation (EO) in family firms after a major crisis, to investigate how firms with equal initial levels of EO reach different levels over time. Based on two alternative hypotheses (stability and convergence), we analysed whether the EO of family firms remains intact, strengthens, or weakens after a crisis. Based on an examination of a database of 151 family firms collected in 2004 and 2017, our findings reveal that compared to firms with higher pre-crisis EO levels, those with lower levels saw a larger increase post crisis. Furthermore, unlike the latter group, the former was able to maintain high pre-crisis levels even after the crisis. In addition, we also we found this relationship between pre-crisis and post-crisis EO levels to be influenced by two key periodic discontinuities, namely, organisational decline and generational change contingencies. These findings advance our understanding of temporal aspects of EO and heterogeneous entrepreneurial behaviour among family firms with significant implications for both theory and practice.

Entrepreneurial orientation in family firms: the moderating role of technological intensity and performance

2014 ◽  
Vol 12 (1) ◽  
pp. 27-45 ◽  
Author(s):  
Lucía Garcés-Galdeano ◽  
Martín Larraza-Kintana ◽  
Carmen García-Olaverri ◽  
Marianna Makri
Keyword(s):  
Entrepreneurial Orientation ◽  
Family Firms ◽  
And Performance ◽  
Technological Intensity ◽  
Moderating Role

Entrepreneurial orientation and the role of the context. The case of the firm “Sa Panada Srl”

2020 ◽  
Vol 27 (3) ◽  
pp. 349-363 ◽  
Author(s):  
Michela Floris ◽  
Angela Dettori ◽  
Camilla Melis ◽  
Cinzia Dessì
Keyword(s):  
Entrepreneurial Orientation ◽  
Best Practice ◽  
Family Firms ◽  
Single Case ◽  
Narrative Approach ◽  
Content Type ◽  
Exploratory Approach ◽  
Practical Implications

PurposeThe paper aims to analyse the case of “Sa Panada srl”, a tiny Sardinian family firm, to provide intriguing insights for the study of entrepreneurial orientation in a context that is anchored in an apparent and hostile past.Design/methodology/approachAn exploratory approach is used to analyse a single-case study through a narrative approach. Data were analysed through the hermeneutic trio consisting of three phases: (1) explication – contextualisation, reconstruction and synthesis of the history; (2) explanation – identification, description and understanding of the meaning of the narrative; and (3) exploration – discussion and identification of theoretical and practical implications.FindingsThe study introduces novel best practices that help enhance entrepreneurial orientation in a difficult setting based on change reluctance and past anchored culture.Research limitations/implicationsTheoretically, the study contributes to the literature on entrepreneurial orientation, internationalisation and innovativeness of family firms embedded in a hostile context. The main drawback of the study is its explorative analysis of a single case.Practical implicationsFor practitioners, the research proposes the case study as a best practice able to inspire successful resilient behaviour and decisions for other firms that experience daily challenges.Originality/valueThe study elucidates the relevance of individual factors of family owners as endogenous elements that can balance contextual obstacles with ambitions of growth and development.

Entrepreneurial Orientation and Family Firm Performance: The Moderating Role of TMT Identity-Based and Knowledge-Based Faultlines

2020 ◽  
pp. 104225872097399
Author(s):  
Andrea Calabrò ◽  
Rosalia Santulli ◽  
Mariateresa Torchia ◽  
Carmen Gallucci
Keyword(s):  
Entrepreneurial Orientation ◽  
Family Firms ◽  
Top Management Team ◽  
Specific Context ◽  
Knowledge Based ◽  
Identity Based ◽  
Context Specific ◽  
Positive Effect ◽  
Moderating Role

Research has shown that entrepreneurial orientation (EO) is positively associated with performance, but several context-specific features and contingencies affect this relationship. Accordingly, this article focuses on the specific context of family firms (FFs) and introduces top management team (TMT) faultlines as moderators. The main findings, obtained on a sample of 111 medium- and large-sized FFs, suggest that strong identity-based faultlines (IBFs) negatively moderate the EO–FF performance relationship, even within TMTs that are comprised only of family members, which are often viewed as homogeneous teams. Conversely, strong knowledge-based faultlines (KBFs) amplify the positive effect of EO on FF performance.

scholarly journals The role of entrepreneurial orientation in crisis management: evidence from family firms in enterprising communities

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Börje Boers ◽  
Thomas Henschel
Keyword(s):  
Crisis Management ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Family Firms ◽  
Annual Reports ◽  
Longitudinal Case Study ◽  
Content Type ◽  
Study Approach

Purpose The purpose of this paper is to explore and understand how family firms manage a crisis by applying a processual and longitudinal perspective. The objective is to find out how crisis management is approached by family firms in Sweden, Scotland and Germany, using entrepreneurial orientation (EO) as an analytical lens. Further, this paper investigates the role of the owning family in creating and solving a crisis in family firms. Design/methodology/approach This study follows a processual and longitudinal case study approach. Cases are drawn from Germany, Scotland and Sweden. Data collection is based on a combination of interviews with archival data such as annual reports and press clippings. Findings The results show that all studied firms had high levels of autonomy combined with high risk-taking. It is noteworthy, that these dimensions also help to overcome the crisis. Risk-taking and proactiveness can be useful for addressing the crisis. Under certain circumstances, even innovativeness can help to develop new offers. Autonomy is considered central in family firms and only extraordinary circumstances can be owning families make willing to compromise on it. The EO-dimensions are not all relevant at all times. Rather, family firms will emphasize the dimensions during the consecutive stages differently. Originality/value This study compares case companies from Germany, Scotland and Sweden and how EO contributes to their crisis management by taking a longitudinal and processual perspective. Its originality lies in the in-depth studies of companies from three countries.

scholarly journals SIKAP KEUANGAN PADA PERUSAHAAN KELUARGA: PERAN MODERASI KOMITMEN KELUARGA

2017 ◽  
Vol 20 (1) ◽  
pp. 82
Author(s):  
Perminas Pangeran
Keyword(s):  
Goal Orientation ◽  
Family Firms ◽  
Interaction Coefficient ◽  
Debt Financing ◽  
Financial Knowledge ◽  
Positive Experience ◽  
Family Commitment ◽  
Positive Effect ◽  
Economic Goal

Penelitian ini bertujuan untuk menguji peran moderasi komitmen keluarga terhadap bisnis pada pengaruh pengetahuan keuangan, pengalaman positif dengan penyedia utang, orientasi tujuan ekonomi terhadap sikap keuangan pada utang. Penelitian dilakukan melalui survey kuesioner terhadap 66 pemilik perusahaan keluarga yang beroperasi di Yogyakarta. Penelitian ini menggunakan analisis regresi moderasi.Hasil penelitian empiris menyimpulkan beberapa hal penting sebagai berikut. Pertama, komitmen keluarga yang tinggi pada bisnis akan memperkuat pengaruh positif dari pengalaman positif manajer/pemilik dengan penyedia utang terhadap sikap keuangan pemilik/manajer pada utang. Kedua, hasil koefisien interaksi Orientasi Tujuan Ekonomi dan Komitmen Keluarga Terhadap Bisnis adalah negatif dan tidak signifikan. Ketiga, hasil koefisien interaksi Pengetahuan Keuangan dan Komitmen Keluarga Terhadap Bisnis adalah positif dan tidak signifikan. Hasil ini berlawanan dengan arah prediksi hipotesis.This study aims to examine the moderating role of family commitment to the influence of the financial knowledge, positive experience with debt suppliers, and economic goal orientation to owner- managers’ attitudes toward debt financing in family firms. This study was conducted through a questionnaire survey of 66 owners of family firms, operated in Special Region of Yogyakarta. This study used moderated regression analysis. The results of this study found several important things as follows. First, the high family commitment toward business strengthened the positive effect of the positive experience with debt suppliers to owner-managers’ attitudes toward debt financing in family firms. Second, the result of the interaction coefficient of economic goal orientation and family Commitment was negative and not significant. Third, the result of the interaction coefficient of financial knowledge and family commitment toward business was positive and not significant. This result was opposite to the direction of prediction of the hypothesis.

Financial Attitudes in Family Firms: The Moderating Role of Family Commitment

2012 ◽  
Vol 51 (1) ◽  
pp. 114-137 ◽  
Author(s):  
Christian Koropp ◽  
Dietmar Grichnik ◽  
Franz Kellermanns
Keyword(s):  
Family Firms ◽  
Financial Attitudes ◽  
Family Commitment ◽  
Moderating Role
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