Disentangling the effect of family involvement on innovativeness and risk taking: the role of decentralization

Madanoglu, Melih, Altinay, Levent and Wang, Xuan Lorna (2016) Disentangling the effect of family involvement on innovativeness and risk taking: the role of decentralization. Journal of Business Research, 69 (5). pp. 1796-1800. ISSN 0148-2963

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Abstract

This study investigates the effect of family involvement on family firms' entrepreneurial behavior through decentralization. Borrowing from agency theory and using a sample of 145 entrepreneurs, this study contributes to entrepreneurship literature by providing a fine-grained explanation about how a decision-making mechanism such as decentralization influences the relationship between family involvement and innovativeness, and risk taking of family firms. Furthermore, this study demonstrates the importance of considering heterogeneity of family firms and the focal role of decentralization in spurring up firm-level entrepreneurship.

Item Type: Article
Additional Information: © 2016. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
Uncontrolled Keywords: Agency theory; Family involvement; Decentralization; Innovativeness; Risk taking
Subjects: Hospitality and tourism
Business and finance
Related URLs:
Depositing User: Lorna Wang
Date Deposited: 22 Dec 2015 18:35
Last Modified: 25 May 2017 14:54
URI: http://repository.uwl.ac.uk/id/eprint/1457

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