Abstract
This study analyses the effect of socioemotional wealth on the entrepreneurial orientation of family businesses. Entrepreneurship, measured through entrepreneurial orientation, is a key factor for the survival of family businesses. Second-generation structural equation method (PLS-SEM) was used to analyse the results, specifically, the SmartPLS 3.2.7 software applied to data on106 Spanish family businesses. The main contribution of this study is to show that family businesses provide an adequate framework for analysing entrepreneurship from an entrepreneurial orientation. Second, the FIBER measurement model for socioemotional wealth allows capturing the special behaviour of family businesses. Finally, with this study we ascertain that socioemotional wealth positively influences entrepreneurial orientation, thus explaining 32.6% of its variance.
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Notes
Carmines and Zeller (1979) recommend values over 0.7 for the factorial loads, Fornell and Larcker (1981) recommend values over 0.7; 0.7 and 0.5 for composite reliability, Cronbach’s Alpha, and mean-variance extracted values (AVE) respectively. Dijkstra and Henseler (2015) recommend rho_A values over 0.7
To fulfil the discriminant validity, the HTMT ratio values must be under 0.85 (Henseler et al. 2015).
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Hernández-Perlines, F., Moreno-García, J. & Yáñez-Araque, B. The influence of socioemotional wealth in the entrepreneurial orientation of family businesses. Int Entrep Manag J 15, 523–544 (2019). https://doi.org/10.1007/s11365-019-00561-0
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DOI: https://doi.org/10.1007/s11365-019-00561-0