Toward a Typology of Family Firm Corporate Entrepreneurship

Family involvement in business creates idiosyncrasies in firm behavior that promote long-term, often transgenerational, strategic logics that ostensibly align with the motivations and outcomes of corporate entrepreneurship. Interestingly, extant research provides only minimal insight into the hetero...

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Bibliographic Details
Published in:Journal of small business management 2019-07, Vol.57 (3), p.1102-1118
Main Authors: Randolph, Robert Van, Li, Zonghui, Daspit, Joshua J.
Format: Article
Language:English
Subjects:
Companies
Entrepreneurs
Entrepreneurship
Family owned businesses
Parent participation
Succession
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Summary:Family involvement in business creates idiosyncrasies in firm behavior that promote long-term, often transgenerational, strategic logics that ostensibly align with the motivations and outcomes of corporate entrepreneurship. Interestingly, extant research provides only minimal insight into the heterogeneous nature of corporate entrepreneurship orientations pursued by family firms. To better understand this heterogeneity, we develop a typology of corporate entrepreneurship in family firms providing a reconciliatory approach to this literary diversity and suggest that the varied corporate entrepreneurship orientations of family firms are impacted by the duality of a family's distinct intention to pursue transgenerational succession and capabilities to acquire external knowledge.
ISSN:0047-2778
1540-627X
DOI:10.1111/jsbm.12421