A1 Journal article – refereed
Exploring Relationships among Proactiveness, Risk-Taking and Innovation Output in Family and Non-Family Firms




List of Authors: Justin B. Craig, Mikko Pohjola, Sascha Kraus, Søren H. Jensen
Publisher: John Wiley & Sons
Publication year: 2014
Journal: Creativity and Innovation Management
Journal acronym: CIM
Volume number: 23
Issue number: 2
Number of pages: 12
ISSN: 0963-1690
eISSN: 1467-8691

Abstract

In an empirical investigation of 532 Finnish firms, and using the entrepreneurial orientation


(EO) literature to frame our arguments, we demonstrate that relationships among proactivity,


risk-taking and innovation output differ in family and non-family firms. Specifically, we find


evidence that risk-taking does not affect innovation output in family firms, whereas in nonfamily


firms, innovation output is increased through risk-taking. Also, proactive family firms


influence their innovation output more positively than proactive non-family firms do. This


study adds important new insights to the growing knowledge of EO, which are discussed in


the following for both academic and business audiences.


Last updated on 2019-20-07 at 11:54