6533b827fe1ef96bd12863b0

RESEARCH PRODUCT

Entrepreneurial orientation, concern for socioemotional wealth preservation, and family firm performance

Domingo Ribeiro-sorianoFelipe Hernández-perlinesJeffrey G. Covin

subject

MarketingMicroeconomicsSocioemotional selectivity theoryQualitative comparative analysisEntrepreneurial orientation0502 economics and business05 social sciencesEconomics050211 marketingRobustness (economics)050203 business & managementStructural equation modelingResearch model

description

Abstract This paper explores whether concern for socioemotional wealth enhances or undermines the positive effect of entrepreneurial orientation on family firm performance. Two analysis techniques were used: second-generation structural equation modeling (PLS-SEM) and fuzzy-set qualitative comparative analysis (fsQCA). These techniques were applied to data on 106 Spanish family firms. Results of both analyses are similar, lending validity and robustness to the proposed research model. Specifically, the results indicate that 1) entrepreneurial orientation positively influences family firm performance, 2) concern for socioemotional wealth preservation positively influences both entrepreneurial orientation and family firm performance, and 3) concern for socioemotional wealth preservation positively moderates the influence of entrepreneurial orientation on family firm performance.

yearjournalcountryeditionlanguage
2021-03-01Journal of Business Research
https://doi.org/10.1016/j.jbusres.2020.12.050