Psychological Ownership, Knowledge Sharing and Entrepreneurial Orientation in Family Firms: The Moderating Role of Governance Heterogeneity
52 Pages Posted: 19 Sep 2017
Date Written: September 1, 2017
Adopting a stewardship perspective and relying on a sample of 93 Spanish family firms, we emphasize the importance of psychological ownership as a primary determinant of entrepreneurial orientation in terms of proactiveness, innovativeness and risk taking. We also suggest that the relationship between psychological ownership and entrepreneurial orientation is mediated by knowledge sharing. Finally, we assess the potential moderating roles of heterogenous governance conditions in terms of the generation in control, generational involvement and family involvement in the top management team with regard to the relationship between psychological ownership and knowledge sharing. Research and managerial implications are shared in the concluding section.
Keywords: Family firms' heterogeneity, Entrepreneurial orientation, Psychological ownership, Knowledge sharing, Stewardship
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