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Diversification Decisions of Family SMEs under Uncertainty: Goals as a Rule of Thumb

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dc.contributor.authorDoucet Sánchez, Pablo Francisco
dc.contributor.authorRequejo, Ignacio
dc.contributor.authorSuárez González, Isabel
dc.contributor.orcidhttps://orcid.org/0000-0002-4071-2489
dc.contributor.orcidhttps://orcid.org/0000-0002-5224-5304
dc.date.accessioned2024-09-03T08:06:10Z
dc.date.available2024-09-03T08:06:10Z
dc.date.issued2022-05-24
dc.descriptionThe registered version of this article, first published in “ Entrepreneurship Research Journal, 13(3), 567-600", is available online at the publisher's website: De Gruyter, https://doi.org/10.1515/erj-2021-0436
dc.descriptionLa versión registrada de este artículo, publicado por primera vez en “ Entrepreneurship Research Journal, 13(3), 567-600", está disponible en línea en el sitio web del editor: De Gruyter, https://doi.org/10.1515/erj-2021-0436
dc.description.abstractLeveraging on the behavioural mixed gamble lens, we contend that heterogeneity in organisational goals leads to different diversification behaviours in family firms. Using survey and archival data on a sample of 988 family SMEs homogenous in their (high) family involvement level, we show that family SMEs that pursue nonfinancial (financial) goals exhibit lower (higher) probability of extending the boundaries of the firm to new product and/or market domains. Interestingly, in the face of threats, only those family SMEs that prioritise financial goals exacerbate their propensity to diversify, while increased vulnerability leads to an even lower probability of adopting diversification decisions among family SMEs with nonfinancial goalsen
dc.description.versionversión publicada
dc.identifier.citationDoucet, P., Requejo, I. & Suárez-González, I. (2023). Diversification Decisions of Family SMEs under Uncertainty: Goals as a Rule of Thumb. Entrepreneurship Research Journal, 13(3), 567-600. https://doi.org/10.1515/erj-2021-0436
dc.identifier.doihttps://doi.org/10.1515/erj-2021-0436
dc.identifier.issn2157-5665
dc.identifier.urihttps://hdl.handle.net/20.500.14468/23598
dc.journal.issue3
dc.journal.titleEntrepreneurship Research Journal
dc.journal.volume13
dc.language.isoen
dc.page.final600
dc.page.initial567
dc.publisherDe Gruyter
dc.relation.centerFacultades y escuelas::Facultad de Ciencias Económicas y Empresariales
dc.relation.departmentOrganización de Empresas
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
dc.subject53 Ciencias Económicas::5311 Organización y dirección de empresas
dc.subject.keywordsfamily firmses
dc.subject.keywordsorganisational goalses
dc.subject.keywordsdiversificationes
dc.titleDiversification Decisions of Family SMEs under Uncertainty: Goals as a Rule of Thumben
dc.typeartículoes
dc.typejournal articleen
dspace.entity.typePublication
relation.isAuthorOfPublicatione6e3ff28-8dfb-474f-a832-75017e4cc7fc
relation.isAuthorOfPublication.latestForDiscoverye6e3ff28-8dfb-474f-a832-75017e4cc7fc
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