Corporate Entrepreneurship in Family Firms: A Family Perspective

Entrepreneurship has been recognized as an important factor contributing to firm success. Despite the potential benefit of corporate entrepreneurship to sustain the family firm across generations, corporate entrepreneurship has been underresearched in the family firm literature. We investigate how g...

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Bibliographic Details
Published in:Entrepreneurship theory and practice 2006-11, Vol.30 (6), p.809-830
Main Authors: Kellermanns, Franz W., Eddleston, Kimberly A.
Format: Article
Language:English
Subjects:
Business success
Enterprises
Entrepreneurs
Entrepreneurship
Evaluation
Family corporations
Family firms
Family owned businesses
Family-owned business enterprises
Organization theory
Organizational behavior
Organizational change
Strategic management
Strategic planning
Studies
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Summary:Entrepreneurship has been recognized as an important factor contributing to firm success. Despite the potential benefit of corporate entrepreneurship to sustain the family firm across generations, corporate entrepreneurship has been underresearched in the family firm literature. We investigate how generational involvement, willingness to change, and the ability to recognize technological opportunities impact corporate entrepreneurship in family firms. We also examine strategic planning in family firms as a facilitating process. Our findings suggest that willingness to change and technological opportunity recognition are positively related to corporate entrepreneurship in family firms. We further found strategic planning to significantly moderate the relationships between (1) generational involvement and (2) technological opportunity recognition and corporate entrepreneurship. These findings and implications for management and research are discussed.
ISSN:1042-2587
1540-6520
DOI:10.1111/j.1540-6520.2006.00153.x