Is market learning the missing link between family involvement - firm performance relationship? A resource-based perspective
Küçük Resim Yok
Tarih
2017
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Springer
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Drawing on previous literature on proposing that there exists a positive relationship between family involvement and firm performance, this study refines the explanatory role of market learning in explaining the relationship between family involvement and firm performance to be conditional to firm age and environmental turbulence. The data from 344 small-medium enterprises show that family involvement is positively related to market exploitation while family involvement is negatively related to market exploration as family firms age. Also, we provide empirical evidence that family involvement is positively related to firm performance in turbulent environments through market exploration irrespective of the firm's age. Conversely, family involvement is positively related to firm performance through market exploitation in less turbulent environments irrespective of firm age. This study provides empirical evidence of the market exploration and exploitation capabilities may be the capabilities that glue family involvement to firm performance.
Açıklama
Anahtar Kelimeler
Family İnvolvement, Firm Performance, Market Exploration, Market Exploitation, Firm Age, Environmental Turbulence, Unified Systems Perspective, Dynamic Capabilities, Moderating Role, Entrepreneurial Orientation, Business Performance, Conceptual Issues, Agency Costs, Exploration, Exploitation, Management
Kaynak
International Entrepreneurship and Management Journal
WoS Q Değeri
Q2
Scopus Q Değeri
Q1
Cilt
13
Sayı
2
