A1 Refereed original research article in a scientific journal
Exploring Relationships among Proactiveness, Risk-Taking and Innovation Output in Family and Non-Family Firms
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: 23
Issue: 2
First page : 199
Last page: 210
Number of pages: 12
ISSN: 0963-1690
eISSN: 1467-8691
DOI: https://doi.org/10.1111/caim.12052
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.
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.
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