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Corporate entrepreneurship in family firms: a stewardship perspective

Entrepreneurship has been recognized as an important factor contributing to firm success. Despite the potential benefit of entrepreneurship to sustain a family firm across generations, entrepreneurship has been under researched in the family business context. Building on research that emphasizes the important role of the family, we investigate how strategic decision-making processes and family member involvement impact a family firm’s investment in entrepreneurship. Our findings suggest that comprehensive decisionmaking and a long-term orientation are positively related to corporate entrepreneurship in family firms. We further found family harmony to moderate the relationships between human capital, professionalism, and long-term orientation and corporate entrepreneurship.