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Corporate Venturing Determinants in Mexican Family Firms

In: Entrepreneurship and Family Business Vitality

Author

Listed:
  • Luis Arturo Torres-García

    (Instituto de Emprendimiento “Eugenio Garza Lagüera”, Tecnologico de Monterrey)

  • M. Concepción López-Fernández

    (University of Cantabria)

  • Ana M. Serrano-Bedia

    (University of Cantabria)

Abstract

The objective of this study is to explore whether factors related to the focus of both the ability of the CEO to interpret the environmental signals and identify business opportunities and the characteristics of the firm in terms of previous innovation experience and ability to learn from that experience can determine the decision to enter into corporate venturing (CV) in Mexican family firms. Besides, we will consider the moderating effect of family members’ willingness to change on these relationships. In order to explore the proposed relationships, a theoretical framework that encompasses arguments from the resource-based view, the knowledge-based view, and the upper-echelons theory are used. To test our hypotheses, we conducted a study among CEOs in Mexican family firms of all sizes and performed a binomial logistic regression analysis based on a sample of 136 family companies across all sectors. The results obtained indicate that individual and firm variables are highly significant. All the variables except organizational learning, the effect of which is adverse, demonstrated positive effects, and this variable, also, is the only one moderated by the willingness to change.

Suggested Citation

  • Luis Arturo Torres-García & M. Concepción López-Fernández & Ana M. Serrano-Bedia, 2020. "Corporate Venturing Determinants in Mexican Family Firms," Studies on Entrepreneurship, Structural Change and Industrial Dynamics, in: José Manuel Saiz-Álvarez & João Leitão & Jesús Manuel Palma-Ruiz (ed.), Entrepreneurship and Family Business Vitality, pages 269-295, Springer.
    • Handle: RePEc:spr:seschp:978-3-030-15526-1_14
    DOI: 10.1007/978-3-030-15526-1_14
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