Diversification Decisions of Family SMEs under Uncertainty: Goals as a Rule of Thumb

IF 2 4区管理学 Q3 BUSINESS

Entrepreneurship Research Journal Pub Date : 2022-05-24 DOI:10.1515/erj-2021-0436

Pablo Doucet, Ignacio Requejo, Isabel Suárez-González

引用次数: 2

Abstract

Abstract Leveraging on the behavioural mixed gamble lens, we contend that heterogeneity in organisational goals leads to different diversification behaviours in family firms. Using survey and archival data on a sample of 988 family SMEs homogenous in their (high) family involvement level, we show that family SMEs that pursue nonfinancial (financial) goals exhibit lower (higher) probability of extending the boundaries of the firm to new product and/or market domains. Interestingly, in the face of threats, only those family SMEs that prioritise financial goals exacerbate their propensity to diversify, while increased vulnerability leads to an even lower probability of adopting diversification decisions among family SMEs with nonfinancial goals.

查看原文本刊更多论文

不确定性下家族中小企业的多元化决策:目标的经验法则

摘要利用行为混合博弈的视角，我们认为组织目标的异质性导致了家族企业不同的多元化行为。通过对988家家族中小企业样本的调查和档案数据，我们发现追求非财务(财务)目标的家族中小企业将企业边界扩展到新产品和/或市场领域的可能性更低(更高)。有趣的是，在面临威胁时，只有那些优先考虑财务目标的家族中小企业才会加剧其多元化倾向，而脆弱性的增加导致具有非财务目标的家族中小企业采取多元化决策的可能性更低。

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

Entrepreneurship Research Journal BUSINESS-

CiteScore

4.50

自引率

21.10%

发文量

期刊介绍： Entrepreneurship Research Journal (ERJ) was launched with an Inaugural Issue in 2011. Professor Ramona Zachary at Baruch College and Professor Chandra Mishra at Florida Atlantic University introduce a new forum for scholarly discussion on entrepreneurs and their activities, contexts, processes, strategies, and outcomes. Positioned as the premier new research journal within the field of entrepreneurship, ERJ seeks to encourage a scholarly exchange between researchers from any field of study who focus on entrepreneurs, and will include both theoretical and empirical articles, with priority being given to high quality theoretical and empirical papers that have managerial or public policy orientation as well as ramifications for entrepreneurship research overall. Topics: -Research Modeling, Design, and Methods: entrepreneurship theories and conceptualizations, entrepreneurship research methods. -The Individuals-Opportunities-Resources Nexus: nascent entrepreneurs, opportunity recognition, drivers of value creation, and emergence, innovation and technology entrepreneurs, entrepreneurial risk and reward, entrepreneurial cognition and behavior. -Inclusive of Near Environments: family entrepreneurship, networks, teams and alliances, venture capital and angel investor groups, entrepreneurial communities, hubs, clusters and public policy, social entrepreneurship. -Distinct Entrepreneurial Stage or Setting: entrepreneurial growth and strategy, boards, governance and leadership, corporate entrepreneurship, international and emerging market entrepreneurship.