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Title
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Long-term orientation as a resource for entrepreneurial orientation in private family firms : the need for participative decision making
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Author
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Abstract
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| Building on the resource-based view (RBV) of the firm, this paper suggests that a family firm's long-term orientation (LTO) can be an important resource that increases firm-level entrepreneurial orientation (EO). Nevertheless, resource orchestration suggests that managers need to orchestrate their resources in order to realize any potential advantage. Therefore, we hypothesize that a family firm's LTO entails potential resources to engage in entrepreneurial activities, while a participative decision making (PDM) style serves as coordinating mechanism that helps the firm to manage these resources. Using data from 209 private family firms, the results show a positive association between LTO and EO. Also, PDM was found to positively moderate the LTO-EO relationship, providing empirical support for our central hypothesis. |
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Language
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English
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Source (journal)
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Sustainability
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Publication
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2020
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ISSN
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2071-1050
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DOI
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10.3390/SU12135334
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Volume/pages
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12
:13
(2020)
, p. 1-22
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Article Reference
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5334
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ISI
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000554962900001
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Medium
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E-only publicatie
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Full text (Publisher's DOI)
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Full text (open access)
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