Next Article in Journal
Cardoon Meal (Cynara cardunculus var. altilis) as Alternative Protein Source during Finishing Period in Poultry Feeding
Previous Article in Journal
Cooperative Strategies in Two-Echelon Rescue Delivery Environment with Accessibility Uncertainty
 
Search for Articles:
Title / Keyword
Author / Affiliation
Journal
Article Type
 
 
Advanced Search
 
Section
Special Issue
Volume
Issue
Number
Page
Journals
Sustainability
Volume 12
Issue 13
10.3390/su12135334
sustainability-logo
Submit to this Journal Review for this Journal Edit a Special Issue
► Article Menu

Article Menu

share announcement thumb_up
...
textsms
...
Article

Long-Term Orientation as a Resource for Entrepreneurial Orientation in Private Family Firms: The Need for Participative Decision Making

by
Jelle Schepers
1,*,
Wim Voordeckers
1,
Tensie Steijvers
1 and
Eddy Laveren
2
1
Research Center for Entrepreneurship and Family Firms (RCEF), Hasselt University, Agoralaan, Building D, 3590 Diepenbeek, Belgium
2
Department of Accountancy and Finance, University of Antwerp, Prinsstraat 13, 2000 Antwerpen, Belgium
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(13), 5334; https://doi.org/10.3390/su12135334
Received: 5 June 2020 / Revised: 24 June 2020 / Accepted: 29 June 2020 / Published: 1 July 2020
(This article belongs to the Section Economic and Business Aspects of Sustainability)
View Full-Text Download PDF
Browse Figures

Abstract

Building on the resource-based view (RBV) of the firm, this paper suggests that a family firm’s long-term orientation (LTO) can be an important resource that increases firm-level entrepreneurial orientation (EO). Nevertheless, resource orchestration suggests that managers need to orchestrate their resources in order to realize any potential advantage. Therefore, we hypothesize that a family firm’s LTO entails potential resources to engage in entrepreneurial activities, while a participative decision making (PDM) style serves as coordinating mechanism that helps the firm to manage these resources. Using data from 209 private family firms, the results show a positive association between LTO and EO. Also, PDM was found to positively moderate the LTO-EO relationship, providing empirical support for our central hypothesis. View Full-Text
Keywords: Long-term orientation; entrepreneurial orientation; participative decision making; private family firms Long-term orientation; entrepreneurial orientation; participative decision making; private family firms
►▼ Show Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited
SciFeed

Share and Cite

MDPI and ACS Style

Schepers, J.; Voordeckers, W.; Steijvers, T.; Laveren, E. Long-Term Orientation as a Resource for Entrepreneurial Orientation in Private Family Firms: The Need for Participative Decision Making. Sustainability 2020, 12, 5334. https://doi.org/10.3390/su12135334

AMA Style

Schepers J, Voordeckers W, Steijvers T, Laveren E. Long-Term Orientation as a Resource for Entrepreneurial Orientation in Private Family Firms: The Need for Participative Decision Making. Sustainability. 2020; 12(13):5334. https://doi.org/10.3390/su12135334

Chicago/Turabian Style

Schepers, Jelle, Wim Voordeckers, Tensie Steijvers, and Eddy Laveren. 2020. "Long-Term Orientation as a Resource for Entrepreneurial Orientation in Private Family Firms: The Need for Participative Decision Making" Sustainability 12, no. 13: 5334. https://doi.org/10.3390/su12135334

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Metrics

Article Access Map by Country/Region

1
Back to TopTop