Disentangling the effect of family involvement on innovativeness and risk taking: The role of decentralization

Melih Madanoglu, Levent Altinay and Wang, Xuan (Lorna)

Journal of Business Research, 2016, vol. 69, issue 5, 1796-1800

Abstract: This study investigates the effect of family involvement on family firms' entrepreneurial behavior through decentralization. Borrowing from agency theory and using a sample of 145 entrepreneurs, this study contributes to entrepreneurship literature by providing a fine-grained explanation about how a decision-making mechanism such as decentralization influences the relationship between family involvement and innovativeness, and risk taking of family firms. Furthermore, this study demonstrates the importance of considering heterogeneity of family firms and the focal role of decentralization in spurring up firm-level entrepreneurship.

Keywords: Agency theory; Family involvement; Decentralization; Innovativeness; Risk taking (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:69:y:2016:i:5:p:1796-1800

DOI: 10.1016/j.jbusres.2015.10.058

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