The influence of socioemotional wealth in the entrepreneurial orientation of family businesses

Felipe Hernández-Perlines (), Juan Moreno-García () and Benito Yáñez-Araque ()
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Felipe Hernández-Perlines: University of Castilla-La Mancha
Juan Moreno-García: University of Castilla-La Mancha
Benito Yáñez-Araque: University of Castilla-La Mancha

International Entrepreneurship and Management Journal, 2019, vol. 15, issue 2, No 10, 523-544

Abstract: Abstract This study analyses the effect of socioemotional wealth on the entrepreneurial orientation of family businesses. Entrepreneurship, measured through entrepreneurial orientation, is a key factor for the survival of family businesses. Second-generation structural equation method (PLS-SEM) was used to analyse the results, specifically, the SmartPLS 3.2.7 software applied to data on106 Spanish family businesses. The main contribution of this study is to show that family businesses provide an adequate framework for analysing entrepreneurship from an entrepreneurial orientation. Second, the FIBER measurement model for socioemotional wealth allows capturing the special behaviour of family businesses. Finally, with this study we ascertain that socioemotional wealth positively influences entrepreneurial orientation, thus explaining 32.6% of its variance.

Keywords: Socioemotional wealth; Entrepreneurial orientation; Non-economic objectives; PLS; Family businesses (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (13)

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DOI: 10.1007/s11365-019-00561-0

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