Socioemotional Wealth and Entrepreneurial Orientation in Different Family Businesses’ Generational Stages

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1. Verfasser: Daniel Magalhães Mucci
Format: Artículo científico
Sprache:en
Veröffentlicht: Associação Nacional de Pós-Graduação e Pesquisa em Administração 2022
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author Daniel Magalhães Mucci
author_facet Daniel Magalhães Mucci
contents Socioemotional Wealth and Entrepreneurial Orientation in Different Family Businesses’ Generational Stages Daniel Magalhães Mucci Franciele Beck Angélica Ferrari Administración y Contabilidad Brazil Family firms generational stage socioemotional wealth entrepreneurial orientation This study investigates the association between SEW and EO, considering the moderating role of the generation that is involved in family businesses, considering that EO might benefit from the entrepreneurial and affective attitudes of the first generations. We collected a survey with a final sample of 107 family firms from the textile and clothing manufacturing industry in Brazil. As data analyses, we employed variance-based structural equation modeling using SmartPLS. Our results provide evidence that SEW is positively associated with EO’s three dimensions: innovativeness, proactiveness, and risk-taking; however, we only found a moderation effect of the generational stage for the relationship between SEW and innovativeness and risk-taking. We show that a high SEW effect on risk-taking is stronger for family firms in later generations than first generations. For higher levels of innovativeness, the level of SEW seems to be relevant only for later-generation family firms. We contribute to the literature on EO antecedents focusing on SEW and the differences in the generational stages. This study also provides insights into how family firms can nurture EO during different generational stage developments, considering family-centric nonfinancial goals. 2022 artículo científico 1807-7692 https://www.redalyc.org/articulo.oa?id=84171352003 https://www.redalyc.org/journal/841/84171352003/ https://www.redalyc.org/journal/841/84171352003/html/ https://www.redalyc.org/journal/841/84171352003/84171352003.epub https://www.redalyc.org/journal/841/84171352003/movil 10.7440/res64.2018.03 en http://www.redalyc.org/revista.oa?id=841 BAR - Brazilian Administration Review application/pdf Associação Nacional de Pós-Graduação e Pesquisa em Administração BAR - Brazilian Administration Review (Brasil) Num.02 Vol.19
format Artículo científico
id redalyc_84171352003
institution Redalyc
language en
publishDate 2022
publisher Associação Nacional de Pós-Graduação e Pesquisa em Administração
spellingShingle Socioemotional Wealth and Entrepreneurial Orientation in Different Family Businesses’ Generational Stages
Daniel Magalhães Mucci
Administración y Contabilidad
Brazil
Family firms
generational stage
socioemotional wealth
entrepreneurial orientation
Socioemotional Wealth and Entrepreneurial Orientation in Different Family Businesses’ Generational Stages Daniel Magalhães Mucci Franciele Beck Angélica Ferrari Administración y Contabilidad Brazil Family firms generational stage socioemotional wealth entrepreneurial orientation This study investigates the association between SEW and EO, considering the moderating role of the generation that is involved in family businesses, considering that EO might benefit from the entrepreneurial and affective attitudes of the first generations. We collected a survey with a final sample of 107 family firms from the textile and clothing manufacturing industry in Brazil. As data analyses, we employed variance-based structural equation modeling using SmartPLS. Our results provide evidence that SEW is positively associated with EO’s three dimensions: innovativeness, proactiveness, and risk-taking; however, we only found a moderation effect of the generational stage for the relationship between SEW and innovativeness and risk-taking. We show that a high SEW effect on risk-taking is stronger for family firms in later generations than first generations. For higher levels of innovativeness, the level of SEW seems to be relevant only for later-generation family firms. We contribute to the literature on EO antecedents focusing on SEW and the differences in the generational stages. This study also provides insights into how family firms can nurture EO during different generational stage developments, considering family-centric nonfinancial goals. 2022 artículo científico 1807-7692 https://www.redalyc.org/articulo.oa?id=84171352003 https://www.redalyc.org/journal/841/84171352003/ https://www.redalyc.org/journal/841/84171352003/html/ https://www.redalyc.org/journal/841/84171352003/84171352003.epub https://www.redalyc.org/journal/841/84171352003/movil 10.7440/res64.2018.03 en http://www.redalyc.org/revista.oa?id=841 BAR - Brazilian Administration Review application/pdf Associação Nacional de Pós-Graduação e Pesquisa em Administração BAR - Brazilian Administration Review (Brasil) Num.02 Vol.19
title Socioemotional Wealth and Entrepreneurial Orientation in Different Family Businesses’ Generational Stages
topic Administración y Contabilidad
Brazil
Family firms
generational stage
socioemotional wealth
entrepreneurial orientation
url https://www.redalyc.org/articulo.oa?id=84171352003
https://www.redalyc.org/journal/841/84171352003/
https://www.redalyc.org/journal/841/84171352003/html/
https://www.redalyc.org/journal/841/84171352003/84171352003.epub
https://www.redalyc.org/journal/841/84171352003/movil