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Entrepreneurial paths to family firm performance

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  • Kraus, Sascha
  • Kallmuenzer, Andreas
  • Stieger, Daniel
  • Peters, Mike
  • Calabrò, Andrea

Abstract

This article draws upon a new framework, proposing that family firm financial performance does not depend on single distinctive antecedents, but rather on the combination (configurations) of multiple entrepreneurial, governance- and family-related factors (innovativeness, proactiveness, risk-taking, transfer intentions and family involvement). Drawing on a sample of 149 family firms, this study employs a fuzzy-set qualitative comparative analysis (fsQCA) to investigate these configurations as antecedents of firm performance. Its findings show four common configurations which strongly relate to above-average performance. In seven qualitative follow-up interviews, the study discusses these four configurations and three additional contrarian cases that also lead to positive performance.

Suggested Citation

  • Kraus, Sascha & Kallmuenzer, Andreas & Stieger, Daniel & Peters, Mike & Calabrò, Andrea, 2018. "Entrepreneurial paths to family firm performance," Journal of Business Research, Elsevier, vol. 88(C), pages 382-387.
    • Handle: RePEc:eee:jbrese:v:88:y:2018:i:c:p:382-387
    DOI: 10.1016/j.jbusres.2017.12.046
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    3. Wang, Joyce C. & Zhao, Yiyi & Sun, Sunny L. & Zhu, Jigao, 2023. "Female-friendly boards in family firms," Journal of Business Research, Elsevier, vol. 157(C).
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    5. Wales, William J. & Kraus, Sascha & Filser, Matthias & Stöckmann, Christoph & Covin, Jeffrey G., 2021. "The status quo of research on entrepreneurial orientation: Conversational landmarks and theoretical scaffolding," Journal of Business Research, Elsevier, vol. 128(C), pages 564-577.
    6. Kun-Huang Huarng & Tiffany Hui-Kuang Yu, 2021. "Complexity theory of entrepreneur characteristics," International Entrepreneurship and Management Journal, Springer, vol. 17(3), pages 1037-1048, September.
    7. Yi-Ying Chang & Paul Hughes & Ian Hodgkinson & Che-Yuan Chang & Yi-Tai Seih, 2022. "The antecedents of corporate entrepreneurship: multilevel, multisource evidence," Review of Managerial Science, Springer, vol. 16(2), pages 355-390, February.
    8. Alvaro Rojas & Daniel Lorenzo, 2021. "Environmental and Social Goals in Spanish SMEs: The Moderating Effect of Family Influence," Sustainability, MDPI, vol. 13(4), pages 1-17, February.
    9. Julia K. de Groote & Werner Conrad & Andreas Hack, 2021. "How can family businesses survive disruptive industry changes? Insights from the traditional mail order industry," Review of Managerial Science, Springer, vol. 15(8), pages 2239-2273, November.
    10. Klaudia Bracio & Marek Szarucki, 2020. "Mixed Methods Utilisation in Innovation Management Research: A Systematic Literature Review and Meta-Summary," JRFM, MDPI, vol. 13(11), pages 1-27, October.
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