Socioemotional wealth, entrepreneurial orientation and international performance of family firms

Felipe Hernández-Perlines, Antonio Ariza-Montes, Luis Araya-Castillo

Resultado de la investigación: Article

Resumen

This paper analyses the relationships between the socioemotional wealth, entrepreneurial orientation and international performance of family firms. This research is pioneering in that it seeks to explain the international performance of family firms from the non-economic perspective of entrepreneurial orientation determined by socioemotional wealth. Second generation structural equation modelling (PLS-SEM) using SmartPLS 3.2.8 software was applied to data from 106 Spanish family firms. The study shows that considering socioemotional wealth substantially improves the capacity of entrepreneurial orientation to explain variation in the international performance of family firms. When only entrepreneurial orientation is included in the model, the explained variance of international performance is 34.2%. However, when socioemotional wealth is included in the model as an antecedent of international performance, the explained variance increases to 42.6%.

Idioma originalEnglish
PublicaciónEconomic Research-Ekonomska Istrazivanja
DOI
EstadoPublished - 6 nov 2019

Huella dactilar

International performance
Family firms
Entrepreneurial orientation
Socioemotional wealth
Pioneering
Structural equation modeling
Software

ASJC Scopus subject areas

  • Economics and Econometrics

Citar esto

Hernández-Perlines, Felipe ; Ariza-Montes, Antonio ; Araya-Castillo, Luis. / Socioemotional wealth, entrepreneurial orientation and international performance of family firms. En: Economic Research-Ekonomska Istrazivanja. 2019.
@article{e06378b881374e4f94a320bb811cf9ec,
title = "Socioemotional wealth, entrepreneurial orientation and international performance of family firms",
abstract = "This paper analyses the relationships between the socioemotional wealth, entrepreneurial orientation and international performance of family firms. This research is pioneering in that it seeks to explain the international performance of family firms from the non-economic perspective of entrepreneurial orientation determined by socioemotional wealth. Second generation structural equation modelling (PLS-SEM) using SmartPLS 3.2.8 software was applied to data from 106 Spanish family firms. The study shows that considering socioemotional wealth substantially improves the capacity of entrepreneurial orientation to explain variation in the international performance of family firms. When only entrepreneurial orientation is included in the model, the explained variance of international performance is 34.2{\%}. However, when socioemotional wealth is included in the model as an antecedent of international performance, the explained variance increases to 42.6{\%}.",
keywords = "entrepreneurial orientation, international performance, PLS family firms, Socioemotional wealth",
author = "Felipe Hern{\'a}ndez-Perlines and Antonio Ariza-Montes and Luis Araya-Castillo",
year = "2019",
month = "11",
day = "6",
doi = "10.1080/1331677X.2019.1685398",
language = "English",
journal = "Economic Research-Ekonomska Istrazivanja",
issn = "1331-677X",
publisher = "Taylor and Francis Ltd.",

}

Socioemotional wealth, entrepreneurial orientation and international performance of family firms. / Hernández-Perlines, Felipe; Ariza-Montes, Antonio; Araya-Castillo, Luis.

En: Economic Research-Ekonomska Istrazivanja, 06.11.2019.

Resultado de la investigación: Article

TY - JOUR

T1 - Socioemotional wealth, entrepreneurial orientation and international performance of family firms

AU - Hernández-Perlines, Felipe

AU - Ariza-Montes, Antonio

AU - Araya-Castillo, Luis

PY - 2019/11/6

Y1 - 2019/11/6

N2 - This paper analyses the relationships between the socioemotional wealth, entrepreneurial orientation and international performance of family firms. This research is pioneering in that it seeks to explain the international performance of family firms from the non-economic perspective of entrepreneurial orientation determined by socioemotional wealth. Second generation structural equation modelling (PLS-SEM) using SmartPLS 3.2.8 software was applied to data from 106 Spanish family firms. The study shows that considering socioemotional wealth substantially improves the capacity of entrepreneurial orientation to explain variation in the international performance of family firms. When only entrepreneurial orientation is included in the model, the explained variance of international performance is 34.2%. However, when socioemotional wealth is included in the model as an antecedent of international performance, the explained variance increases to 42.6%.

AB - This paper analyses the relationships between the socioemotional wealth, entrepreneurial orientation and international performance of family firms. This research is pioneering in that it seeks to explain the international performance of family firms from the non-economic perspective of entrepreneurial orientation determined by socioemotional wealth. Second generation structural equation modelling (PLS-SEM) using SmartPLS 3.2.8 software was applied to data from 106 Spanish family firms. The study shows that considering socioemotional wealth substantially improves the capacity of entrepreneurial orientation to explain variation in the international performance of family firms. When only entrepreneurial orientation is included in the model, the explained variance of international performance is 34.2%. However, when socioemotional wealth is included in the model as an antecedent of international performance, the explained variance increases to 42.6%.

KW - entrepreneurial orientation

KW - international performance

KW - PLS family firms

KW - Socioemotional wealth

UR - http://www.scopus.com/inward/record.url?scp=85074866339&partnerID=8YFLogxK

U2 - 10.1080/1331677X.2019.1685398

DO - 10.1080/1331677X.2019.1685398

M3 - Article

AN - SCOPUS:85074866339

JO - Economic Research-Ekonomska Istrazivanja

JF - Economic Research-Ekonomska Istrazivanja

SN - 1331-677X

ER -