Family business risk-taking and financial performance: Is it easier said than done?

Ana C. González L.,Yeny E. Rodríguez,Juan M. Gómez,Helmuth Chávez, Jaly Chea

Journal of Family Business Strategy（2021）

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摘要

•We analyze the risk-performance relationship, and we distinguish between risk taking orientation (RTO) and entrepreneurial risk taking (ERT).•We find a non-linear relationship between RTO and performance, which is moderated by the environment.•We find a linear relationship between ERT and performance.•We show that contextual factors, related to industry and country, moderate the relationship between risk and performance, for both RTO and ERT.

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关键词

Entrepreneurial risk taking,Risk taking orientation,Financial performance,Contextual factors,Family firm

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