Family firm performance: The influence of entrepreneurial orientation and absorptive capacity

Family firm performance: The influence of entrepreneurial orientation and absorptive capacity

This article investigates the influence of entrepreneurial orientation and absorptive capacity on family firm performance. Partial least squares structural equation modeling (PLS‐SEM) was used to analyze empirical data for 218 Spanish family firms. Absorptive capacity positively mediated the relatio...

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Veröffentlicht in:Psychology & marketing 2017-11, Vol.34 (11), p.1057-1068
Hauptverfasser: Hernández‐Perlines, Felipe, Moreno‐García, Juan, Yáñez‐Araque, Benito
Format: Artikel
Sprache:eng
Schlagworte:
Absorptive capacity
Captive insurance
entrepreneurial orientation
Entrepreneurs
family firm
Family owned businesses
firm performance
Market orientation
mediating effect
PLS
Risk sharing
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container_end_page 1068
container_issue 11
container_start_page 1057
container_title Psychology & marketing
container_volume 34
creator Hernández‐Perlines, Felipe
Moreno‐García, Juan
Yáñez‐Araque, Benito
description This article investigates the influence of entrepreneurial orientation and absorptive capacity on family firm performance. Partial least squares structural equation modeling (PLS‐SEM) was used to analyze empirical data for 218 Spanish family firms. Absorptive capacity positively mediated the relationship between entrepreneurial orientation and family firm performance. This total mediation effect suppressed the direct effect of entrepreneurial orientation on family firm performance. A major implication of this finding is that for family firms to improve their performance through entrepreneurial orientation, absorptive capacity must act as a mediator.
doi_str_mv 10.1002/mar.21045
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source Wiley Journals; Business Source Complete
subjects Absorptive capacity
Captive insurance
entrepreneurial orientation
Entrepreneurs
family firm
Family owned businesses
firm performance
Market orientation
mediating effect
PLS
Risk sharing
title Family firm performance: The influence of entrepreneurial orientation and absorptive capacity
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