The antecedents of entrepreneurial risk-taking in private family firms: CEO seasons and contingency factors

被引：23

作者：

Cirillo, Alessandro ^{[1
]}

Pennacchio, Luca ^{[2
]}

Carillo, Maria Rosaria ^{[2
]}

Romano, Mauro ^{[1
]}

机构：

[1] Univ Foggia, Dept Econ, Largo Papa Giovanni Paolo II 1, I-71121 Foggia, Italy

[2] Parthenope Univ Naples, Dept Business & Econ, Palazzo Pacanowski Via Generale Parisi 13, I-80132 Naples, Italy

来源：

SMALL BUSINESS ECONOMICS | 2021年 / 56卷 / 04期

关键词：

Entrepreneurial risk-taking; Family firms; CEO tenure; Generational involvement; CEO founder; TOP-MANAGEMENT-TEAM; MODERATING ROLE; SOCIOEMOTIONAL WEALTH; GENERATIONAL INVOLVEMENT; LIFE-CYCLE; STATUS-QUO; PERFORMANCE; ORIENTATION; TENURE; OWNERSHIP;

D O I：

10.1007/s11187-019-00279-x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article investigates how entrepreneurial risk-taking in family firms is shaped by CEO tenure, generational involvement, and CEO founder status. We used a dynamic panel data model with a large sample of Italian family firms over the period 2003-2012. Consistent with the theoretical framework of Hambrick and Fukutomi. Academy of Management Review, 16:719-742 (1991), we showed that CEO tenure has a concave relationship with entrepreneurial risk-taking. We step forward to understand whether this relationship is shaped by the number of family generations simultaneously involved in the firm and CEO founder status. We provided evidence that the impact of CEO tenure on risk-taking is strengthened if generational involvement in the business is high, and is inverted if the CEO is also the founder of the firm.

引用

页码：1571 / 1590

页数：20

共 50 条

[1] The antecedents of entrepreneurial risk-taking in private family firms: CEO seasons and contingency factors
Alessandro Cirillo
Luca Pennacchio
Maria Rosaria Carillo
Mauro Romano
[J]. Small Business Economics, 2021, 56 : 1571 - 1590
[2] Entrepreneurial Risk Taking of Private Family Firms: The Influence of a Nonfamily CEO and the Moderating Effect of CEO Tenure
Huybrechts, Jolien
Voordeckers, Wim
Lybaert, Nadine
[J]. FAMILY BUSINESS REVIEW, 2013, 26 (02) : 161 - 179
[3] The relationships between CEO characteristics and strategic risk-taking in family firms
Martino, Pierluigi
Rigolini, Alessandra
D'Onza, Giuseppe
[J]. JOURNAL OF RISK RESEARCH, 2020, 23 (01) : 95 - 116
[4] Entrepreneurial risk taking in family firms
Zahra, SA
[J]. FAMILY BUSINESS REVIEW, 2005, 18 (01) : 23 - 40
[5] CEO personal characteristics and firms' risk-taking behaviour: the moderating role of family ownership
Amin, Ali
Ali, Rizwan
Rehman, Ramiz Ur
Ntim, Collins G.
[J]. GENDER IN MANAGEMENT, 2024, 39 (02): : 165 - 187
[6] ENTREPRENEURIAL ALERTNESS AND PROFITABILITY OF MICRO FIRMS: THE ROLE OF RISK-TAKING
Hieu Minh Vu
Nwachukwu, Chijioke
[J]. ECONOMICS & SOCIOLOGY, 2021, 14 (04) : 107 - 117
[7] What Makes a Family Firm Innovative? CEO Risk-Taking Propensity and the Organizational Context of Family Firms
Kraiczy, Nils D.
Hack, Andreas
Kellermanns, Franz W.
[J]. JOURNAL OF PRODUCT INNOVATION MANAGEMENT, 2015, 32 (03) : 334 - 348
[8] Family Feud: Succession Tournaments and Risk-Taking in Family Firms
Lee, Jongsub
Shin, Hojong
Yun, Hayong
[J]. ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, 2023, 52 (03) : 324 - 353
[9] Entrepreneurial orientation, risk taking, and performance in family firms
Naldi, Lucia
Nordqvist, Mattias
Sjoberg, Karin
Wiklund, Johan
[J]. FAMILY BUSINESS REVIEW, 2007, 20 (01) : 33 - 47
[10] Risk-taking for entrepreneurial new entry: risk-taking dimensions and contingencies
Guo, Zhaoyang
Jiang, Wei
[J]. INTERNATIONAL ENTREPRENEURSHIP AND MANAGEMENT JOURNAL, 2020, 16 (02) : 739 - 781

← 1 2 3 4 5 →