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The Critical Path to Family Firm Success through Entrepreneurial Risk Taking and Image

Esra Memili, Kimberley H. Eddleston, Thomas Zellweger, Franz W. Kellermanns & Tim Barnett

abstract Drawing from organizational identity theory, we explore how family ownership and family expectations influence family firm image and entrepreneurial risk taking, and ultimately firm performance. We find support for a fully-mediated model, utilizing a sample of 163 Swiss family firms. Family ownership was shown to positively influence the development of a family firm image. High family expectations of the firm leader was shown to promote a family firm image and risk taking. In turn, risk taking and family firm image contributed to firm performance. Accordingly, our study identifies why family ownership and family expectations can benefit family firm performance – through their influence on family firm image and entrepreneurial risk taking.
   
type journal paper
   
keywords Family Firms, strategic entrepreneurship
   
project Strategic Entrepreneurship in Family Firms
language English
kind of paper journal article
date of appearance 12-2010
journal Journal of Family Business Strategy
publisher Elsevier (Amsterdam)
ISSN 1877-8585
ISSN (online) 1877-8593
DOI 10.1016/j.jfbs.2010.10.005
volume of journal 1
number of issue 4
page(s) 200-209
review double-blind review
   
citation Memili, E., Eddleston, K. H., Zellweger, T., Kellermanns, F. W., & Barnett, T. (2010). The Critical Path to Family Firm Success through Entrepreneurial Risk Taking and Image. Journal of Family Business Strategy, 1(4), 200-209, DOI:10.1016/j.jfbs.2010.10.005.