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- Profiling family firms in the Autonomous Region of the AzoresPublication . Pimentel, Duarte Nuno Gonçalves; Scholten, MarcThis study aims to profile family firms located in the Autonomous Region of the Azores. Using a sample of 82 family-controlled firms, we were able to create the profile of these firms, by looking at several important profiling aspects such as ownership and governance, experience and management, and corporate culture. While other indicators are also taken into account: sector of activity, years in business, number of employees, and last year’s turnover. Results show that these firms are owned and controlled exclusively by the family, and its owners and managers are the founding generation. They operate in the retail sector, have less than 10 employees, have been in business for over 30 years, and have a turnover of less than €500,000 per year. The family members show a strong sense of pride, belief and identity towards the firm and consider that the family has an important influence in the business.
- Entrepreneurial orientation in family firms: Looking at a european outermost regionPublication . Pimentel, Duarte Nuno Gonçalves; Couto, João Pedro; Scholten, MarcThis study addresses a current debate in the family business literature involving the extent to which the family business context hinders or promotes entrepreneurial behavior. The empirical evidence is provided by 155 small-sized firms, 82 family-controlled and 73 nonfamily-controlled, operating in an outermost region, the Autonomous Region of the Azores. This study analyzes the differences between family and nonfamily firms in regard to entrepreneurial orientation and how it is influenced by family participation. Results show that there are differences in entrepreneurship orientation and in two of its three dimensions, while revealing that family participation is negatively associated with entrepreneurial orientation and its three dimensions.