Family firm entrepreneurial orientation: the effects of socio-emotional wealth, professionalization and bifurcation bias

IF 2.9 Q2 BUSINESS

Journal of Small Business and Enterprise Development Pub Date : 2023-11-03 DOI:10.1108/jsbed-02-2023-0080

Nikola Rosecká, Ondřej Machek

{"title":"Family firm entrepreneurial orientation: the effects of socio-emotional wealth, professionalization and bifurcation bias","authors":"Nikola Rosecká, Ondřej Machek","doi":"10.1108/jsbed-02-2023-0080","DOIUrl":null,"url":null,"abstract":"Purpose This paper aims to examine the effects of socio-emotional wealth importance (SEWi) in family firms and family firm-specific HR practices, namely professionalization and bifurcation bias, on their entrepreneurial orientation (EO). Design/methodology/approach The paper surveyed 133 small and medium-sized family firms in the USA. The respondents were recruited through Prolific Academic. Findings When SEWi is low, a family firm becomes more similar to a non-family firm, thereby enjoying the benefits associated with EO. When SEWi is high, a family firm leverages the unique resources and capabilities specific to family firms. Moderate SEWi levels are associated with lower EO levels. Additionally, the results support the argument that professionalization (involving non-family managers, formalization and decentralization) fosters EO, while bifurcation bias hinders its development. Originality/value Unlike previous studies, this paper posits a non-linear, U-shaped relationship between SEWi and EO. It contributes to the field by empirically investigating the effects of professionalization and bifurcation bias on EO in family firms.","PeriodicalId":51453,"journal":{"name":"Journal of Small Business and Enterprise Development","volume":"144 6","pages":"0"},"PeriodicalIF":2.9000,"publicationDate":"2023-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Small Business and Enterprise Development","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1108/jsbed-02-2023-0080","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

Purpose This paper aims to examine the effects of socio-emotional wealth importance (SEWi) in family firms and family firm-specific HR practices, namely professionalization and bifurcation bias, on their entrepreneurial orientation (EO). Design/methodology/approach The paper surveyed 133 small and medium-sized family firms in the USA. The respondents were recruited through Prolific Academic. Findings When SEWi is low, a family firm becomes more similar to a non-family firm, thereby enjoying the benefits associated with EO. When SEWi is high, a family firm leverages the unique resources and capabilities specific to family firms. Moderate SEWi levels are associated with lower EO levels. Additionally, the results support the argument that professionalization (involving non-family managers, formalization and decentralization) fosters EO, while bifurcation bias hinders its development. Originality/value Unlike previous studies, this paper posits a non-linear, U-shaped relationship between SEWi and EO. It contributes to the field by empirically investigating the effects of professionalization and bifurcation bias on EO in family firms.

查看原文本刊更多论文

家族企业创业导向:社会情感财富、专业化和分岔偏差的影响

本文旨在研究家族企业的社会情感财富重要性(SEWi)以及家族企业特有的人力资源实践，即专业化和分岔偏差对其创业取向(EO)的影响。设计/方法/方法本文调查了133家美国中小型家族企业。受访者是通过高产学术网站招募的。当SEWi较低时，家族企业变得与非家族企业更相似，从而享受与EO相关的利益。当SEWi较高时，家族企业会利用家族企业特有的资源和能力。中度SEWi水平与较低的EO水平相关。此外，研究结果支持专业化(包括非家族管理者、正规化和分散化)促进企业绩效，而分岔偏差阻碍其发展的观点。与以往的研究不同，本文假设SEWi与EO之间存在非线性的u型关系。通过实证研究专业化和分支偏差对家族企业绩效的影响，为本领域的研究做出了贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Journal of Small Business and Enterprise Development BUSINESS-

CiteScore

6.40

自引率

6.50%

发文量

期刊介绍： ■Research in SMEs, entrepreneurship and family-run businesses ■Case studies on real-life small business experiences ■Small Business growth and successful enterprises ■Practical advice from small business advisors ■Recruitment, training and development for SMEs ■Performance measurement and business improvement ■Government initiatives and enterprise policy ■SME financing and venture capital. By encouraging debate on the key issues facing SMEs, the journal offers detailed analysis and critical assessment of current best practice, discusses the implications of latest research findings and explores opportunities to break down the barriers that restrict the growth of SMEs.