Portfolio Entrepreneurship as a Mixed Gamble: A Winning Bet for Family Entrepreneurs in SMEs​

The article conceptualizes portfolio entrepreneurship (PE ) decisions as a "mixed bet" where family entrepreneurs weigh potential gains and losses and analyze the unique socio-emotional wealth offsets of this strategic decision. The main theory suggests that family entrepreneurs will be more likely to participate in PE in small and medium-sized enterprise contexts than non-family entrepreneurs. In addition, our framework explores the amplifying effect of age, gender and ethnicity on the probability of taking the PE bet.​