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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/26312

Title: Family firm configurations for high performance: The role of entrepreneurship and ambidexterity
Authors: Hughes, Mathew
Filser, Matthias
Harms, Rainer
Kraus, Sascha
Chang, Man-Ling
Cheng, Cheng-Feng
Keywords: Entrepreneurial orientation
Family firms
Family influence
Issue Date: 2017
Publisher: © British Academy of Management. Published by Wiley
Citation: HUGHES, M. ... et al, 2017. Family firm configurations for high performance: The role of entrepreneurship and ambidexterity. British Journal of Management, 29 (4), pp.595-612.
Abstract: The performance drivers of family firms have spawned considerable research interest. Almost exclusively this research has relied on independent sets of explanatory variables in linear analyses. These analyses mask the complex interdependencies that are likely to exist among key success factors, leading to faulty theory and misspecified implications for practice. As treatment, we propose a configuration approach to family firm performance that accounts for complex interdependencies among entrepreneurial, innovation and family influence conditions. Using a fuzzy set qualitative comparative analysis (fsQCA) of a sample of 129 Finnish family firms, we identify sufficient conditions with regards to the existence or absence of antecedent conditions to family firm performance. These conditions include entrepreneurial orientation, exploration and exploitation activities that form causal paths towards family firm performance. To enrich our analysis, we theorize and empirically analyse how these conditions might differ in family firms with high and low levels of family influence. We deepen the current understanding of configurations that promote the performance of family firms, offer important implications for theory and practice, and set new directions for future research on the strategic management of family firms. Our results are also virtually identical and insensitive to change across subjective and objective performance measures.
Description: This paper is closed access until 6 December 2019.
Version: Accepted for publication
DOI: 10.1111/1467-8551.12263
URI: https://dspace.lboro.ac.uk/2134/26312
Publisher Link: https://doi.org/10.1111/1467-8551.12263
ISSN: 1045-3172
Appears in Collections:Closed Access (Business)

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