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Entrepreneurial orientation in family firms: A generational perspective
Instituto de Empresa Business School, Madrid, Spain.
Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
2012 (English)In: Small Business Economics, ISSN 0921-898X, E-ISSN 1573-0913, Vol. 38, no 1, 33-49 p.Article in journal (Refereed) Published
Abstract [en]

We adopt a generational perspective to investigate entrepreneurial orientation (EO) in family firms. We test a model that determines how the influence on EO of external factors and internal factors differs in first-, second- and third-and-beyond-generation family firms. We argue that while the founder is vital in the first generation, EO is more subject to interpretations of the competitive environment in the second generation and that in the third generation and beyond, access to non-family resources drives EO to a greater extent. Our findings show that perceptions of the competitive environment and EO correlate differently in family firms, depending on the generation in charge, and it is generally stronger in second-generation family firms. Further, we find that non-family managers on the top management team makes a positive difference for EO only in the third-generation and beyond family firms. The significance of non-family investors’ on EO is particularly strong in third-generation-and-beyond firms.

Place, publisher, year, edition, pages
2012. Vol. 38, no 1, 33-49 p.
Keyword [en]
entrepreneurial orientation, family firms, generation, life-cycle
National Category
Social Sciences Economics and Business
Identifiers
URN: urn:nbn:se:hj:diva-17017DOI: 10.1007/s11187-010-9265-8Local ID: IHHCeFEOIS, IHHESOLISOAI: oai:DiVA.org:hj-17017DiVA: diva2:473944
Available from: 2012-01-08 Created: 2012-01-08 Last updated: 2015-11-17Bibliographically approved

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Nordqvist, Mattias
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CiteExportLink to record
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Citation style
  • apa
  • harvard1
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  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
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  • en-US
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  • nn-NO
  • nn-NB
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  • Other locale
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Output format
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