Exploring Relationships among Proactiveness, Risk-Taking and Innovation Output in Family and Non-Family Firms



: Justin B. Craig, Mikko Pohjola, Sascha Kraus, Søren H. Jensen

Publisher: John Wiley & Sons

: 2014

: Creativity and Innovation Management

: CIM

: 23

: 2

: 199

: 210

: 12

: 0963-1690

: 1467-8691

DOI: https://doi.org/10.1111/caim.12052



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 2024-26-11 at 13:13