Goal Orientation and Performance of Family Businesses
Family businesses consist of family members pooling their resources together to achieve a particular goal for the family business. The objectives of this study were to profile the characteristics of the family businesses and business owners by owners’ goal orientation and to examine the influence of goal orientation on family business performance. The mean differences in values of business size, business age, and business liabilities were statistically significant by owners’ goal orientation. The major findings of this study suggest that owner goal orientation had a statistically significant effect on business performance. Specifically, setting a business goal such as growth or a positive reputation with customers had a significant and positive impact on family business performance. Copyright Springer Science+Business Media, LLC 2013
Volume (Year): 34 (2013)
Issue (Month): 3 (September)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/social+sciences/journal/10834/PS2|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Vos, Ed & Yeh, Andy Jia-Yuh & Carter, Sara & Tagg, Stephen, 2007. "The happy story of small business financing," Journal of Banking & Finance, Elsevier, vol. 31(9), pages 2648-2672, September.
- Gerrit de Wit & Niels Bosma & Roy Thurik & Mirjam van Praag, 2002.
"The Value of Human and Social Capital Investments for the Business Performance of Startups,"
Scales Research Reports
N200204, EIM Business and Policy Research.
- Niels Bosma & Mirjam van Praag & Roy Thurik & Gerrit de Wit, 2004. "The Value of Human and Social Capital Investments for the Business Performance of Startups," Small Business Economics, Springer, vol. 23(3), pages 227-236, October.
- Niels Bosma & Mirjam van Praag & Roy Thurik & Gerrit de Wit, 2002. "The Value of Human and Social Capital Investments for the Business Performance of Start-ups," Tinbergen Institute Discussion Papers 02-027/3, Tinbergen Institute.
- Johan Maes & Luc Sels & Filip Roodhooft, 2005. "Modelling the Link Between Management Practices and Financial Performance. Evidence from Small Construction Companies," Small Business Economics, Springer, vol. 25(1), pages 17-34, 08.
- Baron, Robert A. & Markman, Gideon D., 2003. "Beyond social capital: the role of entrepreneurs' social competence in their financial success," Journal of Business Venturing, Elsevier, vol. 18(1), pages 41-60, January.
- Stephan J. Goetz & David Freshwater, 2001. "State-Level Determinants of Entrepreneurship and a Preliminary Measure of Entrepreneurial Climate," Economic Development Quarterly, W.E. Upjohn Institute for Employment Research, vol. 15(1), pages 58-70, February.
- Anderson, Alistair R. & Miller, Claire J., 2003. ""Class matters": human and social capital in the entrepreneurial process," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 32(1), pages 17-36, March.
- Yoon Lee & Sharon Danes & Mack Shelley, 2006. "Work Roles, Management and Perceived Well-being for Married Women within Family Businesses," Journal of Family and Economic Issues, Springer, vol. 27(3), pages 523-541, September.
- Richard Florida & Zoltan Acs & Sam Youl Lee, 2004.
"Creativity and Entrepreneurship: A Regional Analysis of New Firm Formation,"
Papers on Entrepreneurship, Growth and Public Policy
2004-17, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
- Sam Youl Lee & Richard Florida & Zoltan Acs, 2004. "Creativity and Entrepreneurship: A Regional Analysis of New Firm Formation," Regional Studies, Taylor & Francis Journals, vol. 38(8), pages 879-891.
- Kathryn Stafford & Vibha Bhargava & Sharon Danes & George Haynes & Katherine Brewton, 2010. "Factors Associated with Long-Term Survival of Family Businesses: Duration Analysis," Journal of Family and Economic Issues, Springer, vol. 31(4), pages 442-457, December.
- Chrisman, James J. & Chua, Jess H. & Litz, Reginald, 2003. "A unified systems perspective of family firm performance: an extension and integration," Journal of Business Venturing, Elsevier, vol. 18(4), pages 467-472, July.
- Yoon Lee & Cynthia Jasper & Margaret Fitzgerald, 2010. "Gender Differences in Perceived Business Success and Profit Growth Among Family Business Managers," Journal of Family and Economic Issues, Springer, vol. 31(4), pages 458-474, December.
- Montgomery, Mark & Johnson, Terry & Faisal, Syed, 2005. "What kind of capital do you need to start a business: financial or human?," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(1), pages 103-122, February.
- Brian Distelberg & Adrian Blow, 2010. "The Role of Values and Unity in Family Businesses," Journal of Family and Economic Issues, Springer, vol. 31(4), pages 427-441, December.
When requesting a correction, please mention this item's handle: RePEc:kap:jfamec:v:34:y:2013:i:3:p:265-274. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.