True Entrepreneur <i>versus</i> False Entrepreneur: Implications for Family Business

García, Rosa Azalea Canales; Méndez, Óscar

doi:10.1108/978-1-80117-666-820221017

Cited by 2 publications

(3 citation statements)

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“…Despite having risk-averse (similar to neuroticism trait) or risk-taking (opposite to neuroticism trait) values, neuroticism-trait descendant entrepreneurs may be unable to pass on their small family business to the next generation. Family businesses with risk-averse values often do not last over the long term because of the unwillingness to take chances, at the expense of the firm’s profitability and longevity ( Canales García and Montiel Méndez, 2022 ). Therefore, a descendant entrepreneur with neuroticism trait may find comfort in a risk-averse small family business, which can lead to succession failure.…”

Section: Discussionmentioning

confidence: 99%

“…Of all the personality characteristics, the Big-5 personality traits remains the most operationalized model of personality to date ( Costa and McCrae, 1992 ; Canales García and Montiel Méndez, 2022 ). It consists of five personality traits, which are: openness, conscientiousness, extroversion, agreeableness, and neuroticism .…”

Section: Theoretical Background and Hypothesis Developmentmentioning

confidence: 99%

“…An entrepreneur who has dominant extroversion personality traits is sociable, conversational, affectionate, enthusiastic, person-oriented, and confident. Such characteristics are important to develop and maintain relationships with suppliers, consumers, and peers in a business ( Canales García and Montiel Méndez, 2022 ). Further, entrepreneurs have to engage in negotiations with stakeholders, communicate with their workers, peers, siblings, and seek advice outside their social circles ( Liang et al, 2015 ).…”

Section: Theoretical Background and Hypothesis Developmentmentioning

confidence: 99%

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Does congruence between a descendant entrepreneur’s personality traits and family business values matter for succession?

2023

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PurposeIn this paper, we investigate two research queries pertaining to the success of small family business succession. First, we examine how the Big-5 personality traits of descendant entrepreneurs influence the success of their family business succession. Second, we investigate whether descendant entrepreneurs whose personality traits are congruent with the values of their family business, would lead to the success of their family business succession, through the mediating role of descendant entrepreneur-family business value congruence (DE-FBVC).MethodologyWe rely on the person-organization fit theory for our conceptual framework and we collected primary data from 124 respondents designated as chairman and managing directors in small family businesses.ResultsOur results show that a descendant entrepreneur’s openness, extroversion, conscientiousness, and agreeableness traits are likely to lead to successful family business succession, but a descendant entrepreneur with neuroticism trait is unlikely to do so. In addition, our results reveal that the DE-FBVC mediates the relationship between openness and extroversion traits with succession success positively, but between neuroticism trait and succession success negatively. By contrast, we find that DE-FBVC does not mediate the relationship between conscientiousness and agreeableness traits with succession success.OriginalityThe findings of our study suggest that while four of the Big-5 personality traits matter for the success of small family business succession, specific personality traits of descendant entrepreneurs which are found to be congruent with the values of their family business, will also lead to succession success.

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Section: Discussionmentioning

confidence: 99%

Section: Theoretical Background and Hypothesis Developmentmentioning

confidence: 99%

Section: Theoretical Background and Hypothesis Developmentmentioning

confidence: 99%

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Does congruence between a descendant entrepreneur’s personality traits and family business values matter for succession?

2023

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Instituciones y emprendimiento en el marco del desarrollo endógeno: hacia la conformación de un marco teórico para América Latina

Canales García

2023

Telos

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En América Latina, es factible inferir la inexistencia de una corriente de pensamiento orientada a examinar los agentes y vínculos relevantes para el emprendimiento, visto como un sistema holístico de conexiones institucionales que impactan sobre el desempeño en términos de innovación, empleo y crecimiento económico. El objetivo de este trabajo reside en responder la cuestión inherente a la factibilidad de generar una corriente teórica para el emprendimiento en América Latina fundamentada en los preceptos del institucionalismo económico y el desarrollo endógeno. Para tal efecto, se plantea integrar un esquema teórico dirigido a identificar las dimensiones institucionales y las esferas endógenas relevantes que tienen la capacidad de promover o inhibir el emprendimiento en América Latina. Metodológicamente, este planteamiento se configura a partir de una revisión documental sobre autores representativos del institucionalismo, el desarrollo endógeno y el emprendimiento. Los resultados señalan la posibilidad de originar una corriente teórica referente a la actividad emprendedora a través de la inclusión de cuatro dimensiones aplicables a cualquier región: contexto institucional, heterogeneidad de actores, capacidad de conectividad y resultados del sistema emprendedor – entorno; así como una dimensión de aplicabilidad para América Latina. Esta última denominada fallas institucionales involucra elementos estructurales y coyunturales que inciden negativamente sobre la actividad emprendedora.

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True Entrepreneur versus False Entrepreneur: Implications for Family Business

Cited by 2 publications

References 4 publications

Does congruence between a descendant entrepreneur’s personality traits and family business values matter for succession?

Does congruence between a descendant entrepreneur’s personality traits and family business values matter for succession?

Instituciones y emprendimiento en el marco del desarrollo endógeno: hacia la conformación de un marco teórico para América Latina

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