Izvorni znanstveni članak

https://doi.org/10.1080/1331677X.2019.1685398

Socioemotional wealth, entrepreneurial orientation and international performance of family firms

Felipe Hernández-Perlines orcid.org/0000-0002-6409-5593
Antonio Ariza-Montes
Luis Araya-Castillo

Sažetak

This paper analyses the relationships between the socioemotional
wealth, entrepreneurial orientation and international performance
of family firms. This research is pioneering in that it seeks to
explain the international performance of family firms from the
non-economic perspective of entrepreneurial orientation determined
by socioemotional wealth. Second generation structural
equation modelling (PLS-SEM) using SmartPLS 3.2.8 software was
applied to data from 106 Spanish family firms. The study shows
that considering socioemotional wealth substantially improves the
capacity of entrepreneurial orientation to explain variation in the
international performance of family firms. When only entrepreneurial
orientation is included in the model, the explained
variance of international performance is 34.2%. However, when
socioemotional wealth is included in the model as an antecedent
of international performance, the explained variance increases
to 42.6%.

Ključne riječi

Socioemotional wealth; entrepreneurial orientation; international performance; PLS family firms

Hrčak ID:

254702

URI

https://hrcak.srce.hr/254702

Datum izdavanja:

9.2.2021.

Posjeta: 956 *