Entrepreneurial Risk Taking of Private Family Firms
研究了家族与非家族企业在创业风险承担上的差异，发现非家族CEO在任期初期会提升家族企业的风险承担水平，但随着任期延长该效应逐渐消失。
This article aims to increase our understanding of family firms’ entrepreneurial risk-taking behavior by looking at the differences between family and nonfamily firms and by studying variations among family firms. We find empirical support for a positive influence of a nonfamily CEO on the family firm’s level of entrepreneurial risk taking during the initial years of his or her CEO tenure and a leveling out of entrepreneurial risk taking as the CEO tenure of the nonfamily CEO is extended. We build on the concept of psychological ownership to explain these new findings.