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Family Firms, Entrepreneurship, and Economic Development

Author

Listed:
  • Alan Carsrud
  • Marco Cucculelli

Abstract

Family firms are usually seen as the cradle of entrepreneurship, as they are the best providers of the entrepreneurial business capital. A growing literature shows that family firms are extremely well-placed to assist economic growth in many activities in the private sectors, as they combine a number of unique sociological and economic characteristics that make them extremely important in the early stage of the growth of the firm. However, the way in which economic development produces changes in dominant family patterns has been advanced much more often than the view that family patterns can affect economic development. Therefore, much research is needed to make family firms a central focus in the theoretical and academic research and a crucial issue at the core of the political agenda.
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Suggested Citation

  • Alan Carsrud & Marco Cucculelli, 2014. "Family Firms, Entrepreneurship, and Economic Development," Journal of Small Business Management, Taylor & Francis Journals, vol. 52(2), pages 189-191, April.
    • Handle: RePEc:taf:ujbmxx:v:52:y:2014:i:2:p:189-191
    DOI: 10.1111/jsbm.12104
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    Citations

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    Cited by:

    1. Le Breton-Miller, Isabelle & Miller, Danny, 2023. "Contradiction and disaggregation for family firm research," Journal of Family Business Strategy, Elsevier, vol. 14(1).
    2. Islam, Nazrul & Wang, Qidong & Marinakis, Yorgos & Walsh, Steven, 2022. "Family enterprise and technological innovation," Journal of Business Research, Elsevier, vol. 147(C), pages 208-221.
    3. Zahid Yousaf & Magdalena Radulescu & Crenguta Ileana Sinisi & Luminita Serbanescu & Loredana Maria Păunescu, 2021. "Towards Sustainable Digital Innovation of SMEs from the Developing Countries in the Context of the Digital Economy and Frugal Environment," Sustainability, MDPI, vol. 13(10), pages 1-28, May.
    4. Satı, Zümrüt Ecevit, 2024. "Comparison of the criteria affecting the digital innovation performance of the European Union (EU) member and candidate countries with the entropy weight-TOPSIS method and investigation of its importance for SMEs," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    5. Zizi Goschin & Elena Druică & Călin Vâlsan, 2020. "Shaped by location? A spatial panel analysis of Romanian family businesses," Regional Science Policy & Practice, Wiley Blackwell, vol. 12(5), pages 893-911, October.
    6. Wen-Ting Lin & Linda C. Wang, 2021. "Family firms, R&D, and internationalization: the stewardship and socio-emotional wealth perspectives," Asia Pacific Journal of Management, Springer, vol. 38(1), pages 91-119, March.

    More about this item

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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