Sales and Employment Changes in Entrepreneurial Ventures with Family Ownership: Empirical Evidence from High-Tech Industries
研究了家族所有权对创业企业销售变化与就业变化关系的影响，发现家族企业因维护社会情感财富而更不愿随销售增减调整员工数量，且该关系受创业团队构成影响。
We examine the relation between changes in employment and changes in sales for entrepreneurial ventures with and without family ownership. We argue that this positive relation is weaker for entrepreneurial ventures with family ownership. The goal of preserving socio-emotional wealth (SEW) makes indeed these firms more reluctant to hire (fire) employees in correspondence with an increase (decrease) in sales than their counterparts without family ownership. Results on a sample of Italian entrepreneurial ventures in high-tech industries support our arguments. They also show that the strength of the relation depends on the composition of the entrepreneurial team. © 2014 International Council for Small Business.