Entrepreneurial Orientation, Risk Taking, and Performance in Family Firms

Family Business Review - Tập 20 Số 1 - Trang 33-47 - 2007
Lucia Naldi1, Mattias Nordqvist2, Karin Sjöberg1, Johan Wiklund1
1Jönköping International Business School, PO Box 1026, SE-551 11, Jönköping, Sweden
2Center for Family Enterprise and Ownership (CeFEO) at Jönköping International Business School, , Arthur M. Blank Center for Entrepreneurship, Babson Park, MA, USA

Tóm tắt

This article focuses on risk taking as one important dimension of entrepreneurial orientation and its impact in family firms. Drawing on a sample of Swedish SMEs, we find that risk taking is a distinct dimension of entrepreneurial orientation in family firms and that it is positively associated with proactiveness and innovation. We also find that even if family firms do take risks while engaged in entrepreneurial activities, they take risk to a lesser extent than nonfamily firms. Moreover, and most importantly for our understanding of entrepreneurial orientation in family firms, we find that risk taking in family firms is negatively related to performance. Both theoretical and practical implications of our findings are provided.

Từ khóa


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Family Business Review

Tập 20 Số 1

33-47

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