Entrepreneurial Risk Taking in Family Firms: The Wellspring of the Regenerative Capability

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11 Scopus citations

Abstract

Research on entrepreneurial risk taking by family firms has grown rapidly over the past decade. In this article, I revisit my earlier study’s objectives and contributions and analyze the key changes that have taken place in the literature since its publication. My analyses highlight the ever-broadening definition of entrepreneurship and entrepreneurial risk taking by family firms and the explosive growth of research on their antecedents and consequences, increasingly adopting an international perspective. I offer suggestions to improve theory building and methodological choices while adopting a multilevel perspective that enables the recognition of microfoundations and temporal issues. This research can clarify the role of entrepreneurship as the source of family firms’ regenerative capability.

Original languageEnglish (US)
Pages (from-to)216-226
Number of pages11
JournalFamily Business Review
Volume31
Issue number2
DOIs
StatePublished - Jun 1 2018

Keywords

  • capability
  • entrepreneurship
  • regenerative capability
  • risk taking

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