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International Entrepreneurship and Management Journal
Published in: International Entrepreneurship and Management Journal 4/2021

29-04-2021

Old flames never die – the role of binding social ties for corporate entrepreneurship in family firms

Authors: Vanessa Weimann, Maike Gerken, Marcel Hülsbeck

Published in: International Entrepreneurship and Management Journal | Issue 4/2021

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Abstract

This paper investigates the role of social ties and family embeddedness for corporate entrepreneurship in family firms. Family firms are mostly characterized by close and often inseparable ties between the dominant family coalition and the firm and offer specific resources within a context of both rational as well as non-rational factors that influence entrepreneurial strategies. We empirically test (n = 181) the relationship between binding social ties and innovation, strategic renewal, and corporate venturing. Our findings indicate a strong significance for networks and close and stable relationships both to inside the firm and the outside in decision making for corporate venturing and innovation. In contrast, the results for strategic renewal show no relevance of strong social ties. We link up with the debate on the role of owners as an important stakeholder group.
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Appendix
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Metadata
Title
Old flames never die – the role of binding social ties for corporate entrepreneurship in family firms
Authors
Vanessa Weimann
Maike Gerken
Marcel Hülsbeck
Publication date
29-04-2021
Publisher
Springer US
Published in
International Entrepreneurship and Management Journal / Issue 4/2021
Print ISSN: 1554-7191
Electronic ISSN: 1555-1938
DOI
https://doi.org/10.1007/s11365-021-00749-3

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