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

Felipe Hernández-Perlines, Jeffrey G. Covin and Domingo E. Ribeiro-Soriano

Journal of Business Research, 2021, vol. 126, issue C, 197-208

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.

Keywords: Entrepreneurial orientation; Socioemotional wealth; Performance; Family firms; PLS-SEM; fsQCA; Moderating effect (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (29)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:126:y:2021:i:c:p:197-208

DOI: 10.1016/j.jbusres.2020.12.050

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