In this study we reconcile the contradictory evidence found in the risk taking-performance relationship. We study the distinction between risk taking orientation and entrepreneurial risk taking and their effects on performance and find a non-linear, U-shaped relationship when it comes to risk taking orientation. Even though we did not find evidence that pursuing risky activities has an inverted u-shaped form, our results confirm that pursuing risky activities in family firms has similar effects than in non-family firms. We also study the role of context on family business risk attitudes and actions, and performance and find moderating effects at the industry, market and country levels on the risk taking orientation-performance relationship and partially, on the entrepreneurial risk taking-performance relationship.

在这项研究中，我们调和了在风险承担与绩效关系中发现的矛盾证据。我们研究了风险承担导向和创业风险承担之间的区别及其对绩效的影响，并发现在风险承担导向方面存在非线性的 U 形关系。尽管我们没有发现从事风险活动呈倒 U 形的证据，但我们的结果证实，在家族企业中从事风险活动与在非家族企业中具有相似的效果。我们还研究了背景对家族企业风险态度和行为以及绩效的作用，并发现行业、市场和国家层面对风险承担导向-绩效关系以及部分对创业风险承担-绩效关系的调节作用。