Old flames never die – the role of binding social ties for corporate entrepreneurship in family firms
| Autor: | Vanessa Weimann, Maike Gerken, Marcel Hülsbeck |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Entrepreneurship
Embeddedness 05 social sciences Corporate venture capital Strategic renewal Context (language use) Stakeholder group Management Information Systems Interpersonal ties Market economy Management of Technology and Innovation 0502 economics and business 050211 marketing Business 050203 business & management |
| Zdroj: | International Entrepreneurship and Management Journal. 17:1707-1730 |
| ISSN: | 1555-1938 1554-7191 |
| Popis: | This paper investigates the role of social ties and family embeddedness for corporate entrepreneurship in family firms. Family firms are mostly characterized by close and often inseparable ties between the dominant family coalition and the firm and offer specific resources within a context of both rational as well as non-rational factors that influence entrepreneurial strategies. We empirically test (n = 181) the relationship between binding social ties and innovation, strategic renewal, and corporate venturing. Our findings indicate a strong significance for networks and close and stable relationships both to inside the firm and the outside in decision making for corporate venturing and innovation. In contrast, the results for strategic renewal show no relevance of strong social ties. We link up with the debate on the role of owners as an important stakeholder group. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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