Narrow‐Framing and Risk Preferences in Family and Non‐Family Firms
Building upon prospect theory’s concept of narrow‐framing, we explore family firms’ risk preferences across multiple decisions in corporate entrepreneurship. We argue that family firms’ decisions are less likely to be narrowly framed (more likely to be made as a group rather than in isolation) compa...
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Veröffentlicht in: | Journal of management studies 2021-01, Vol.58 (1), p.201-235 |
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Hauptverfasser: | , , , |
Format: | Artikel |
Sprache: | eng |
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