Diversification Decisions of Family SMEs under Uncertainty: Goals as a Rule of Thumb

Autor:	Pablo Doucet, Isabel Suárez-González, Ignacio Requejo
Rok vydání:	2022
Předmět:	Management of Technology and Innovation Strategy and Management Business and International Management
Zdroj:	Entrepreneurship Research Journal.
ISSN:	2157-5665 2194-6175
DOI:	10.1515/erj-2021-0436
Popis:	Leveraging on the behavioural mixed gamble lens, we contend that heterogeneity in organisational goals leads to different diversification behaviours in family firms. Using survey and archival data on a sample of 988 family SMEs homogenous in their (high) family involvement level, we show that family SMEs that pursue nonfinancial (financial) goals exhibit lower (higher) probability of extending the boundaries of the firm to new product and/or market domains. Interestingly, in the face of threats, only those family SMEs that prioritise financial goals exacerbate their propensity to diversify, while increased vulnerability leads to an even lower probability of adopting diversification decisions among family SMEs with nonfinancial goals.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::169161642b95fca55762fbf65826efa4 https://doi.org/10.1515/erj-2021-0436 Zobrazit plný text záznamu