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

doi:10.1111/caim.12052

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

Innovation and Entrepreneurship Initiative

Research output: Contribution to journal › Article › peer-review

42 Scopus citations

Abstract

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 non-family 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.

Original language	English (US)
Pages (from-to)	199-210
Number of pages	12
Journal	Creativity and Innovation Management
Volume	23
Issue number	2
DOIs	https://doi.org/10.1111/caim.12052
State	Published - Jun 2014

ASJC Scopus subject areas

Strategy and Management
Management of Technology and Innovation

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