Venturing Motives and Venturing Types in Entrepreneurial Families: A Corporate Entrepreneurship Perspective

Abstract

Current research suggests that entrepreneurship in the family business context is mainly induced by top-down firm-level activity. We propose that entrepreneurial activity is also initiated autonomously as a bottom-up process by individual members or a group of individual members of an entrepreneurial family (EF). Building on 63 interviews with EF members involved in 39 venturing cases, we reveal a set of unique motives driving the venturing activity and show how these motives are intertwined with six heterogeneous family venture types. We also emphasize how positioning (i.e., inside or outside of family firms’ boundaries), family support, emotional attachment, and transgenerational intention vary among the different venture types.

Venture Capital Financing as A Driver for Entrepreneurship Development in Africa. A Literature Review and Future Research Agenda

“…We further screened articles with key words like venture capital, entrepreneurship, SME development and economic growth from 2001-2021 sustaining venture capital and entrepreneurship development. Hunt, 2021;'Ning, 2021;Wennberg, 2021;Chalmers et al, 2021;Riar et al, 2022;Davidsson & Gruenhagen, 2021;Randolph et al, 2021;Aljuwaiber, 2021;Rodríguez-Peña, 2021). Our fast assessment shows a growing interest that most of these articles reflect largely on from US and Europe.…”

“…Breakdown of reviewed articles by year of publication Source: Author's compilation, (2021) In consideration of the reviewed articles published from 2001-2021 as illustrated in Figure VI, above, we discover that 18.2% (22 of 121 articles) appeared in the year 2021, (e.g Lee. N & Andres Rodrıguez-Pose, 2021 Hunt, 2021; 'Ning, 2021; Wennberg, 2021;Chalmers et al, 2021;Riar et al, 2022;Davidsson & Gruenhagen, 2021;Randolph et al, 2021;Aljuwaiber, 2021;Rodríguez-Peña, 2021). Our fast assessment shows a growing interest that most of these articles reflect largely on from US and Europe.…”

Entrepreneurship in family firms: an updated bibliometric overview

“…In particular, entrepreneurship in family firms is studied according to three concepts: innovation, strategic renewal, and corporate entrepreneurship or venturing (Riar et al 2022 ). Contextual (e.g.…”

“…We deem this particularly important based on the observation of (Aldrich et al 2021) that the number of studies on entrepreneurship in family firms has steadily increased in recent years, and that new methodological (e.g. Giner & Ruiz, 2022;Riar et al, 2022) and theoretical (e.g. Minola et al, 2021;Zahra, 2022) approaches have entered the field.…”

Organizational citizenship behavior: understanding interaction effects of psychological ownership and agency systems

“…Last but not least, the nature of our data may expose our findings to single-source bias. Other researchers can examine this relationship by collecting data not only from the employees but also from their peers and supervisors (Avolio et al 1991) or by using qualitative methods, such as case studies to gain knowledge about the social contexts that underlie human decisions and behaviors (e.g., Riar et al 2022).…”