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Corporate Venturing In Family Business: The Effects On The Family And Its Members, Gaia Marchisio, Pietro Mazzola, Salvatore Sciascia, M. Miles, Joseph Astrachan
Corporate Venturing In Family Business: The Effects On The Family And Its Members, Gaia Marchisio, Pietro Mazzola, Salvatore Sciascia, M. Miles, Joseph Astrachan
Gaia Marchisio
Previous literature on corporate entrepreneurship (CE) in family business (FB) focusses on the determinants of CE and presents conflicting results on its effects on firm-level performance. We argue that previous studies have overlooked the idea of FBs being complex social systems comprising three components, controlling families, business entities and individual family members; and any business activity in a FB should also be studied with respect to its effects on the family and individual family members, which ultimately impacts the performance. Moreover, previous FB literature addresses CE as a monolithic concept and does not separate its two primary types: corporate venturing …