The critical path to family firm success through entrepreneurial risk taking and image
Journal of Family Business StrategyPublished 20 November 2010
Esra Memili, Kimberly Eddleston, Franz W. Kellermanns, Thomas Zellweger, Tim Barnett
Citations173
SJR quartileQ1
SJR score3.05
SNIP2.82
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Abstract
Drawing from organizational identity theory, we explore how family ownership and family expectations influence family firm image and entrepreneurial risk taking, and ultimately firm performance. We find support for a fully mediated model, utilizing a sample of 163 Swiss family firms. Family ownership was shown to positively influence the development of a family firm image. High family expectations of the firm leader was shown to promote a family firm image and risk taking. In turn, risk taking and family firm image contributed to firm performance. Accordingly, our study identifies why family ownership and family expectations can benefit family firm performance—through their influence on family firm image and entrepreneurial risk taking.
Keywords
Business, Management and Accounting
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