Socio-Emotional Wealth, Entrepreneurial Orientation, and the International Performance of Family Firms: The Complementarities of Individualism, and Firm Characteristics

2021 ◽  
Author(s):  
Asfia Jawaid Siddiqui ◽  
Danish Ahmed Siddiqui
Keyword(s):  
Entrepreneurial Orientation ◽  
Family Firms ◽  
Firm Characteristics ◽  
International Performance

Moderating effect of absorptive capacity on the entrepreneurial orientation of international performance of family businesses

2018 ◽  
Vol 8 (1) ◽  
pp. 58-74 ◽  
Author(s):  
Felipe Hernandez-Perlines
Keyword(s):  
Absorptive Capacity ◽  
Entrepreneurial Orientation ◽  
Structural Equation ◽  
Family Firms ◽  
Absorption Capacity ◽  
Family Businesses ◽  
Moderating Effect ◽  
Content Type ◽  
International Performance ◽  
Moderating Role

Purpose The purpose of this paper is to analyse the moderating effect of absorptive capacity on the entrepreneurial orientation of international performance of family businesses. Design/methodology/approach The sample for this study was collected from 218 family firms associated with the Family Business Institute (IEF). This paper used a structural equation model through PLS-SEM technique to test the proposed model and for contrasting the moderating effect of absorptive capacity on the entrepreneurial orientation of international performance of family businesses. Findings The main result of this work is that international performance of family businesses is determined, to a great extent, by the entrepreneurial orientation. In addition, this effect is reinforced by the absorption capacity, exerting a positive moderating role. Practical implications If family firms want to improve their international results, they must act in the entrepreneurial orientation through the effect of absorption capacities. Originality/value The originality of this work comes from the discovery of the new moderating role of absorption capacities in family firms.

Family Firms and Entrepreneurial Orientation in Publicly Traded Firms

2009 ◽  
Vol 22 (1) ◽  
pp. 9-24 ◽  
Author(s):  
Jeremy C. Short ◽  
G. Tyge Payne ◽  
Keith H. Brigham ◽  
G.T. Lumpkin ◽  
J. Christian Broberg
Keyword(s):  
Content Analysis ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Family Firms ◽  
Family Firm ◽  
Firm Characteristics ◽  
Publicly Traded ◽  
Competitive Aggressiveness ◽  
Publicly Traded Firms ◽  
Entrepreneurial Activities

There is considerable disagreement about whether family firm characteristics hinder or support entrepreneurial activities. This article highlights the existence of an entrepreneurial orientation in family firms, and it examines differences between family and nonfamily firms on the entrepreneurial orientation dimensions of autonomy, competitive aggressiveness, innovativeness, proactiveness, and risk taking, using content analysis of shareholder letters from S&P 500 firms. As such, family firms exhibit language consistent with an entrepreneurial orientation for all dimensions but use less language than that of nonfamily firms in relation to autonomy, proactiveness, and risk taking.

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.

Corporate Entrepreneurship: A Research Perspective

2021 ◽  
Author(s):  
Donald F. Kuratko ◽  
Jeffrey G. Covin
Keyword(s):  
Entrepreneurial Orientation ◽  
Family Firms ◽  
Corporate Entrepreneurship ◽  
Early Research ◽  
Entrepreneurial Activity ◽  
Empirical Knowledge ◽  
Entrepreneurial Behavior ◽  
Strategic Entrepreneurship ◽  
Research Perspective ◽  
Corporate Venturing

The theoretical and empirical knowledge on corporate entrepreneurship (ce) has evolved in the research domain over the last 50 years, beginning very slowly and growing in importance in that time. Because of this evolution and expansion in CE research, the theoretical and empirical knowledge about CE and the entrepreneurial behavior on which it is based has progressed to a point where a greater understanding of the concept can be presented. Many of the elements essential to constructing a theoretically grounded understanding of the domains of CE have been identified. An examination of the field reveals that there are three research domains that have developed over the years: corporate venturing (either internal or external), strategic entrepreneurship, and entrepreneurial orientation. In examining the evolution of CE research across five decades, the focus of CE research has varied over the years. The very early research published in the 1970s focused more on how teams could establish entrepreneurial activities inside established organizations; however, this early research was sparse because CE was not widely acknowledged nor sought in existing organizations. The 1980s saw some research into entrepreneurial behavior inside established organizations that explained how such activity could simply not exist in the structure and operations of existing corporations. Opposed to that thinking, many more researchers demonstrated that the idea of corporate entrepreneurial activity could be conceived as a process of organizational renewal. In the 1990s, researchers began to develop more comprehensive examinations of CE that focused on re-energizing companies and therefore increasing its abilities to develop innovations. The first and second decades of the 21st century witnessed a more sophisticated refinement of research topics in CE. In addition to research specific to the development of the three main domains of CE (corporate venturing, entrepreneurial orientation, and strategic entrepreneurship), there has been research on more specific areas of interest in CE including the implementation of CE, management levels, the individual corporate entrepreneur, models and metrics of CE, a deeper examination of internal corporate ventures, the international domain, firm size, family firms, ethics, and corporate venture capital. These areas illustrate the developmental expansion of interest in CE across different domains. Even with the continued expansion in the research on CE, there is so much that is still not understood nor researched well enough to fully advance the theoretical and empirical knowledge on CE. With the growing climate of disruption through external antecedents such as COVID-19, the entrepreneurial behavior of individuals within organizations becomes paramount and warrants a deeper understanding. Newer research questions on CE are emerging and further theoretical exploration should be the work of ongoing scholarly efforts.

Affective and Emotional Determinants of Entrepreneurial Orientation Within Family Firms

2019 ◽  
pp. 157-181
Author(s):  
Remedios Hernández-Linares ◽  
María Concepción López-Fernández ◽  
María José Naranjo-Sánchez ◽  
Laura Victoria Fielden
Keyword(s):  
Entrepreneurial Orientation ◽  
Affective Commitment ◽  
Family Firms ◽  
Socioemotional Wealth ◽  
Business Context ◽  
Emotional Factors ◽  
Strategic Behaviors ◽  
Scant Attention ◽  
Entrepreneurial Activities ◽  
The Impact

As a predominant form of business organization, family firms have attracted increasing attention by scholars, and especially by those researching entrepreneurial orientation with the aim of better understanding of entrepreneurial activities pursued by enterprises. However, the literature on the confluence of entrepreneurial orientation and family firms has paid scant attention to the influence of affective and emotional factors. To cover this research gap, the authors analyze the impact of affective commitment and concern for socioemotional wealth preservation on entrepreneurial orientation. To do so, they performed an empirical study using the data collected from 342 small and mid-sized family firms from Portugal, a country where family firms are under-researched even though they make up the backbone of the economy. Results show that both affective commitment and socioemotional wealth positively impact entrepreneurial orientation, pointing to the need to further research the relationships between such factors and strategic behaviors in the family business context.

scholarly journals Covering International Marketing Influences on Firm International Performance: Evidences from GCC

2017 ◽  
Vol 12 (8) ◽  
pp. 274
Author(s):  
Mansour Lotayif
Keyword(s):  
Multiple Regression ◽  
Entrepreneurial Orientation ◽  
International Marketing ◽  
International Experience ◽  
Senior Executives ◽  
Gulf Region ◽  
International Performance ◽  
Marketing Influence ◽  
Causality Relationship ◽  
International Learning

The current study aims at figuring out set of causality relationships with firm’s international performance in GCC context. The experiences of 217 senior executives serving in Gulf region have been deployed for that purpose. Throughout SPSS version 21 and via multi-variant e.g. multiple regression and ANOVA, and bi-variant e.g. correlation, the current study’s eight objectives and hypotheses were tested. The research results indicated that there are significant causality relationships between firm’s international performance (FIP) and bi-marketing daily interaction, international marketing and general marketing coordination (IM-GM), international marketing influence, international learning orientation, international innovativeness orientation, and international entrepreneurial orientation, However, no significant causality relationship between study’s demographics (i.e. business type, type of ownership, international experience, and number of employees) and FIP was revealed.

Internationalization challenges for SMEs: evidence and theoretical extension

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ashna Ashwini Chandra ◽  
Justin Paul ◽  
Meena Chavan
Keyword(s):  
Entrepreneurial Orientation ◽  
Qualitative Method ◽  
Institutional Environment ◽  
Structured Interviews ◽  
Content Type ◽  
International Performance ◽  
Purposeful Sampling ◽  
Multiple Case ◽  
New Research ◽  
The Relationship

Purpose The paper aims to examine new research on the internationalization of small- and medium-sized enterprises (SMEs) in Pacific Island Nation country Fiji. Design/methodology/approach A multiple case qualitative method was used which adopted a purposeful sampling methodology through semi-structured interviews to test propositions and present preliminary findings. Findings The authors find that, SME internationalization in Fiji is driven by management competence (MC) and entrepreneurial orientation (EO) and is hindered by the unfavourable institutional environment. The authors then develop a conceptual model and propositions to further explore these enablers and the inhibitors of Fiji SME internationalization. The authors’ findings have important implications for managers in improving their firms’ international performance. Originality/value This is a pioneering effort to evaluate the relationship between the factors of EO, MC and institutional distance and their impact on the international performance of SMEs. This paper contributes to the existing literature on international entrepreneurship through the examination of SMEs’ internationalization activities in Fiji.

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