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Corporate Entrepreneurship in Family Firms: A Family Perspective

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  • Franz W. Kellermanns
  • Kimberly A. Eddleston

Abstract

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.

Suggested Citation

  • Franz W. Kellermanns & Kimberly A. Eddleston, 2006. "Corporate Entrepreneurship in Family Firms: A Family Perspective," Entrepreneurship Theory and Practice, , vol. 30(6), pages 809-830, November.
  • Handle: RePEc:sae:entthe:v:30:y:2006:i:6:p:809-830
    DOI: 10.1111/j.1540-6520.2006.00153.x
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    6. Francesco Chirico & Carlo Salvato, 2016. "Knowledge Internalization and Product Development in Family Firms: When Relational and Affective Factors Matter," Entrepreneurship Theory and Practice, , vol. 40(1), pages 201-229, January.
    7. James J. Chrisman & Lloyd P. Steier & Jess H. Chua, 2006. "Personalism, Particularism, and the Competitive Behaviors and Advantages of Family Firms: An Introduction," Entrepreneurship Theory and Practice, , vol. 30(6), pages 719-729, November.
    8. Yan Ling & María Concepción López-Fernández & Ana María Serrano-Bedia & Franz W. Kellermanns, 2020. "Organizational culture and entrepreneurial orientation: examination through a new conceptualization lens," International Entrepreneurship and Management Journal, Springer, vol. 16(2), pages 709-737, June.
    9. Annalisa Croce & José Martí, 2016. "Productivity Growth in Private–Equity–Backed Family Firms," Entrepreneurship Theory and Practice, , vol. 40(3), pages 657-683, May.
    10. Unai Arzubiaga & Amaia Maseda & Txomin Iturralde, 2019. "Entrepreneurial orientation in family firms: New drivers and the moderating role of the strategic involvement of the board," Australian Journal of Management, Australian School of Business, vol. 44(1), pages 128-152, February.
    11. Salvatore Sciascia & Pietro Mazzola & Francesco Chirico, 2013. "Generational Involvement in the Top Management Team of Family Firms: Exploring Nonlinear Effects on Entrepreneurial Orientation," Entrepreneurship Theory and Practice, , vol. 37(1), pages 69-85, January.
    12. Sohrab Soleimanof & Kulraj Singh & Daniel T. Holt, 2019. "Micro-Foundations of Corporate Entrepreneurship in Family Firms: An Institution-Based Perspective," Entrepreneurship Theory and Practice, , vol. 43(2), pages 274-281, March.
    13. Andrea Calabrò & Mariateresa Torchia & Daniela Gimenez Jimenez & Sascha Kraus, 0. "The role of human capital on family firm innovativeness: the strategic leadership role of family board members," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-27.
    14. Vanessa Diaz-Moriana & Eric Clinton & Nadine Kammerlander & G. T. Lumpkin & Justin B. Craig, 2020. "Innovation Motives in Family Firms: A Transgenerational View," Entrepreneurship Theory and Practice, , vol. 44(2), pages 256-287, March.
    15. Kimberly A. Eddleston & Franz W. Kellermanns & Steven W. Floyd & Victoria L. Crittenden & William F. Crittenden, 2013. "Planning for Growth: Life Stage Differences in Family Firms," Entrepreneurship Theory and Practice, , vol. 37(5), pages 1177-1202, September.
    16. Sugiarto Koentjoro & Sri Gunawan, 2020. "Managing Knowledge, Dynamic Capabilities, Innovative Performance, and Creating Sustainable Competitive Advantage in Family Companies: A Case Study of a Family Company in Indonesia," Journal of Open Innovation: Technology, Market, and Complexity, MDPI, Open Access Journal, vol. 6(3), pages 1-21, September.
    17. J. Ruben Boling & Torsten M. Pieper & Jeffrey G. Covin, 2016. "CEO Tenure and Entrepreneurial Orientation within Family and Nonfamily Firms," Entrepreneurship Theory and Practice, , vol. 40(4), pages 891-913, July.
    18. Kanadlı, Sadi Boĝaç & Torchia, Mariateresa & Gabaldon, Patricia & Calabrò, Andrea, 2020. "Effects of Task Conflict on Board Task Performance in Family Firms: The Importance of Board Openness," Journal of Family Business Strategy, Elsevier, vol. 11(2).
    19. Andrea Calabrò & Mariateresa Torchia & Daniela Gimenez Jimenez & Sascha Kraus, 2021. "The role of human capital on family firm innovativeness: the strategic leadership role of family board members," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 261-287, March.
    20. J. Robert Mitchell & Timothy A. Hart & Sorin Valcea & David M. Townsend, 2009. "Becoming the Boss: Discretion and Postsuccession Success in Family Firms," Entrepreneurship Theory and Practice, , vol. 33(6), pages 1201-1218, November.
    21. César Camisón-Zornoza & Beatriz Forés-Julián & Alba Puig-Denia & Sergio Camisón-Haba, 2020. "Effects of ownership structure and corporate and family governance on dynamic capabilities in family firms," International Entrepreneurship and Management Journal, Springer, vol. 16(4), pages 1393-1426, December.
    22. Frank Hoy, 2006. "The Complicating Factor of Life Cycles in Corporate Venturing," Entrepreneurship Theory and Practice, , vol. 30(6), pages 831-836, November.

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