Factors affecting high-quality entrepreneurial performance in small- and medium-sized family firms

IF 3.6 Q2 MANAGEMENT Journal of Family Business Management Pub Date : 2023-12-21 DOI:10.1108/jfbm-09-2023-0171
Panagiotis Mitropoulos, Alexandros Mitropoulos, Aimilia Vlami
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Abstract

Purpose

The purpose of this paper is to measure the high-quality entrepreneurial efficiency of family-owned small- and medium-sized enterprises (SMEs) while exploring the potential determinants of their performance. This study places particular emphasis on the firms' technological competencies and internationalization efforts. The authors aim to shed light on the internal and external characteristics that impact the efficiency of family SMEs.

Design/methodology/approach

This study adopts a two-stage approach. In the first stage, a data envelopment analysis model is utilized to measure the high-quality entrepreneurial efficiency of family SMEs. To achieve this, this study considered as outputs three key quality aspects of entrepreneurship, namely innovativeness, export orientation and turnover rate, while the inputs were the number of employees and the business environment. Then, in the second stage, the efficiency scores are regressed against a set of environmental factors that may affect the efficiency. The proposed efficiency measurement models are utilized with a particularly rich dataset of 1,910 family SMEs from 35 developed countries.

Findings

The results demonstrated that the efficiency of family SMEs primarily engaged in the production of goods was significantly higher than those providing services. Importantly, the presence of barriers related to innovation and digitalization had a pronounced negative impact on efficiency. Additionally, scale-up firms exhibited higher levels of efficiency. When examining family SMEs within their national context, it was observed that non-EU countries and countries with a higher gross domestic product displayed significantly higher efficiencies.

Originality/value

The findings of this research provide guidance for the development of entrepreneurship-oriented policies that consider both the internal characteristics of family SMEs and the diverse socioeconomic contexts in which they operate.

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影响中小型家族企业高质量创业绩效的因素
目的 本文旨在衡量家族式中小型企业(SMEs)的高质量创业效率,同时探讨其绩效的潜在决定因素。本研究特别强调企业的技术能力和国际化努力。作者旨在揭示影响家族中小企业效率的内部和外部特征。在第一阶段,利用数据包络分析模型来衡量家族中小企业的高质量创业效率。为此,本研究将创新能力、出口导向和周转率这三个关键的创业质量方面视为输出,而输入则是员工人数和经营环境。然后,在第二阶段,将效率得分与一系列可能影响效率的环境因素进行回归。结果表明,主要从事商品生产的家族式中小企业的效率明显高于提供服务的中小企业。重要的是,与创新和数字化有关的障碍对效率有明显的负面影响。此外,规模扩大型企业的效率水平更高。在考察各国的家族式中小型企业时发现,非欧盟国家和国内生产总值较高的国家的效率要高得多。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
5.50
自引率
33.30%
发文量
51
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