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Exploring the entrepreneurial Tendencies of Family Firms : Does the Stewardship Perspective explain Differences?

Kimberley H. Eddleston, Franz W. Kellermanns & Thomas Zellweger

abstract Drawing from stewardship theory we investigate corporate entrepreneurship in family firms. We argue that stewardship culture determinants – comprehensive strategic decision-making, participative governance, long-term orientation and human capital –differentiate the most entrepreneurial family firms. Based on a study of 179 family firms, we show that comprehensive strategic decision-making and long-term orientation contribute to corporate entrepreneurship. Additionally, family-to-firm unity enhances the positive effects participative governance and long-term orientation have on corporate entrepreneurship. While we found that family-to-firm unity can compensate for low human capital, unexpectedly, we also found that family-to-firm unity can dampen the positive relationship between human capital and corporate entrepreneurship
   
type journal paper
   
keywords Family business, Stewardship Theory
   
project Strategic Entrepreneurship in Family Firms
language English
kind of paper journal article
date of appearance 1-3-2012
journal Entrepreneurship Theory & Practice
publisher Wiley (Baylor University)
ISSN 1042-2587
ISSN (online) 1540-6520
DOI 10.1111/j.1540-6520.2010.00402.x
volume of journal 36
number of issue 2
page(s) 347-367
review double-blind review
   
citation Eddleston, K. H., Kellermanns, F. W., & Zellweger, T. (2012). Exploring the entrepreneurial Tendencies of Family Firms: Does the Stewardship Perspective explain Differences?. Entrepreneurship Theory & Practice, 36(2), 347-367, DOI:10.1111/j.1540-6520.2010.00402.x.