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http://hdl.handle.net/1942/15328| Title: | Entrepreneurial Risk Taking of Private Family Firms: The Influence of a Nonfamily CEO and the Moderating Effect of CEO Tenure | Authors: | HUYBRECHTS, Jolien VOORDECKERS, Wim LYBAERT, Nadine |
Issue Date: | 2013 | Publisher: | SAGE PUBLICATIONS INC | Source: | FAMILY BUSINESS REVIEW, 26 (2), p. 161-179 | Abstract: | This article aims to increase our understanding of family firms' entrepreneurial risk-taking behavior by looking at the differences between family and nonfamily firms and by studying variations among family firms. We find empirical support for a positive influence of a nonfamily CEO on the family firm's level of entrepreneurial risk taking during the initial years of his or her CEO tenure and a leveling out of entrepreneurial risk taking as the CEO tenure of the nonfamily CEO is extended. We build on the concept of psychological ownership to explain these new findings. | Notes: | Huybrechts, J (reprint author), Hasselt Univ, Res Ctr Entrepreneurship & Innovat, B-3590 Diepenbeek, Belgium. Hasselt Univ, B-3590 Diepenbeek, Belgium. Hasselt Univ, Fac Business Econ, B-3590 Diepenbeek, Belgium jolien.huybrechts@uhasselt.be | Keywords: | Business;entrepreneurial risk taking; nonfamily CEO; agency theory; psychological ownership; socioemotional wealth | Document URI: | http://hdl.handle.net/1942/15328 | ISSN: | 0894-4865 | e-ISSN: | 1741-6248 | DOI: | 10.1177/0894486512469252 | ISI #: | 000318810900004 | Category: | A1 | Type: | Journal Contribution | Validations: | ecoom 2014 |
| Appears in Collections: | Research publications |
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