Now showing 1 - 7 of 7
  • Publication
    Measuring the social identity of entrepreneurs: Scale development and international validation
    (Elsevier Science Publ., 2016-09) ;
    Gruber, Marc
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    Fauchart, Emmanuelle
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    Social identity theory offers an important lens to improve understanding of founders as enterprising individuals, the venture creation process, and its outcomes. Yet, further advances are hindered by the lack of valid scales to measure founders' social identities. Drawing on social identity theory and a systematic classification of founders' social identities (Darwinians, Communitarians, and Missionaries), we develop and test a corresponding 15-item scale in the Alpine region and validate it in 13 additional countries and regions. The scale allows identifying founders' social identities and relating them to processes and outcomes in entrepreneurship. The scale is available online in 16 languages.
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    Scopus© Citations 130
  • Publication
    Value Creation in Family Firms: A Model of Fit
    (Elsevier, 2015-06) ; ;
    Voordeckers, Wim
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    We propose a framework describing how family ownership can create or destroy value depending on the goals, resources, and governance of the family firm, which are each influenced by the family owners. Taking a contingency perspective, we suggest that a fit is required for all three elements - family-influenced goals, resources, and governance - for the family firm to flourish over generations. We conclude with a suggested research agenda indicating research opportunities at the nexus of these identified elements. Further we provide some guiding questions for practitioners that might stimulate fruitful discussions among family firm owners and managers about how to realize "fit."
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    Scopus© Citations 48
  • Publication
    How Much Am I Expected to Pay for My Parents' Firm? An Institutional Logics Perspective on Family Discounts
    (Wiley-Blackwell SSH, 2015-03-24) ; ; ;
    Patel, Pankaj C.
    Recent evidence suggests that successors do not simply inherit their parents' firm, but have to pay a certain price. Building on institutional logics literature, we explore successors' family discount expectations, defined as the rebate expected from parents in comparison to nonfamily buyers when assuming control of the firm. We find that family cohesion increases discount expectations while successors' fear of failure and family equity stake in the firm decrease discount expectations. Higher education in business or economics weakens these effects. On average, in our study comprised of 16 countries, successors expect a 57% family discount.
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    Scopus© Citations 37
  • Publication
    Turning Agents into Psychological Principals: Aligning Interests of Non-Owners Through Psychological Ownership
    (Wiley-Blackwell, 2013-05) ; ;
    Aquino, Karl
    Principals who delegate tasks to agents face the perennial challenge of overcoming agency problems. We investigate whether feelings of ownership among senior managers in the absence of formal ownership can align agents' interests with those of principals, thus turning agents into psychological principals. Using a moderated mediation model, we find that psychological ownership is positively related to company performance through the mediating effect of individual-level entrepreneurial behaviour. We also find that the effect of psychological ownership on individual-level entrepreneurial behaviour and, ultimately, company performance is weaker for high levels of monitoring compared to low levels. These findings offer important contributions to agency, psychological ownership, and entrepreneurship literatures.
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    Scopus© Citations 99
  • Publication
    Entrepreneurial Orientation in long-lived Family Firms
    (Springer Science, 2012-01) ;
    We apply a key construct from the entrepreneurship field, entrepreneurial orientation (EO), in the context of long-lived family firms. Our qualitative in-depth case studies show that a permanently high level of the five EO dimensions is not a necessary condition for long-term success, as traditional entrepreneurship and EO literature implicitly suggest. Rather, we claim that the level of EO is dynamically adapted over time and that the original EO scales (autonomy, innovativeness, risk taking, proactiveness, and competitive aggressiveness) do not sufficiently capture the full extent of entrepreneurial behaviors in long-lived family firms. Based on these considerations we suggest extending the existing EO scales to provide a more fine-grained depiction of firm-level corporate entrepreneurship in long-lived family firms
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    Scopus© Citations 282
  • Publication
    Portfolio Entrepreneurship in Family Firms: A Resource-based Perspective
    (Wiley, 2011-12-01) ; ;
    Nason, Robert
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    Clinton, Eric
    The phenomenon of portfolio entrepreneurship has attracted considerable scholarly attention and is particularly relevant in the family firm context. However, there is a lack of knowledge of the process through which portfolio entrepreneurship develops in family firms. We address this gap by analyzing four in-depth, longitudinal family firm case studies from Europe and Latin America. Using a resource-based perspective, we identify six distinct resource categories that are relevant to the portfolio entrepreneurship process. Furthermore, we reveal that their importance varies across time. Our resulting resource-based process model of portfolio entrepreneurship in family firms makes valuable contributions to both theory and practice
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    Scopus© Citations 132
  • Publication
    Should I stay or should I go? Career choice intentions of students with family business background
    Personal and motivational patterns of intentional founders have been researched in great depth; however, antecedents to career choices of intentional successors have been conspicuously missing in entrepreneurship research. By drawing on theory of planned behavior, we investigate how intentional founders, successors, and employees differ in terms of locus of control and entrepreneurial self-efficacy as well as independence and innovation motives. We find that transitive likelihood of career intent depends on degree of entrepreneurial self-efficacy and the independence motive. Unexpectedly, we see that high levels of internal locus of control lead to a preference of employment, which challenges traditional entrepreneurship research and suggests that the feasibility of an entrepreneurial career path does not automatically make it desirable. Our findings suggests that students with family business background are pessimistic about being in control, but optimistic about their efficacy to pursue an entrepreneurial career
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    Scopus© Citations 460