Publication: Entrepreneurial orientation and innovation success in family firms
Authors
Jiménez Jiménez, D. ; Sanz-Valle, R. ; Pérez-Caballero, J.A
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Facultades, Departamentos, Servicios y Escuelas::Departamentos de la UMU::Organización de Empresas y Finanzas
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Publisher
Inderscience
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Description
© 2020 Inderscience Enterprises Ltd. This document is made available under the CC-BY 4.0 license http://creativecommons.org/licenses/by /4.0/
This document is the submitted/accepted/ published version of a Published Work that appeared in final form in International Journal of Entrepreneurship and Small Business.
To access the final edited and published work see https://doi.org/10.1504/IJESB.2020.106941
Abstract
There is a general agreement that entrepreneurial orientation can significantly
improve firms´ performance, for both family and non-family firms. With regard to the
relationship between entrepreneurial orientation and the family status of a firm, there is some
controversy in the literature. Traditionally, family firms have been considered more
conservative and risk-adverse than non-family firms and, therefore, with less entrepreneurial
orientation. However, some recent studies show that family firms do also take risks. This paper
analyses entrepreneurial orientation of family firms in comparison with non-family firms, and
suggests that the relationship between entrepreneurial orientation and performance, in particular
when it is measured as new products success, is higher for family firms than for non-family
firms. Using a sample of 268 firms (family and non-family), this paper tests its hypotheses.
Findings show that there are not differences between family firms and non-family firms
regarding entrepreneurial orientation. More important, they provide support to our proposition
that the family status positively moderates the link between entrepreneurial orientation and new
products success.
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