Bounded Rationality and Bounded Reliability: A Study of Non-Family Managers’ Entrepreneurial Behavior in Family Firms

Kotlar, Josip; Sieger, Philipp (2019). Bounded Rationality and Bounded Reliability: A Study of Non-Family Managers’ Entrepreneurial Behavior in Family Firms. Entrepreneurship theory and practice, 43(2), pp. 251-273. Wiley 10.1177/1042258718796085

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We use transaction cost economics to explain the individual-level entrepreneurial behavior of family and non-family managers in family firms. We argue that non-family managers exhibit lower entrepreneurial behavior than family managers, particularly after the founder’s departure from the business. Moreover, we identify an expanded set of factors through which family firms can facilitate non-family managers’ entrepreneurial behavior, including monitoring, incentives, distributive justice, access to the top management, and job control perceptions. We test these hypotheses in a sample of 296 family firm managers, contributing new insights on non-family managers and corporate entrepreneurship in family firms.

Item Type:

Journal Article (Original Article)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Business Management > Institute of Innovation Management > Management

UniBE Contributor:

Sieger, Philipp

Subjects:

600 Technology > 650 Management & public relations

ISSN:

1540-6520

Publisher:

Wiley

Language:

English

Submitter:

Philipp Sieger

Date Deposited:

26 Jul 2018 09:41

Last Modified:

28 Oct 2019 14:19

Publisher DOI:

10.1177/1042258718796085

BORIS DOI:

10.7892/boris.118334

URI:

https://boris.unibe.ch/id/eprint/118334

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