What is it about?
Comparing family and non-family firms, we examine the rate at which firms orient towards entrepreneurial behaviors and decisions before, during and after a economic crisis. We show that family firms tend to ramp up entrepreneurship faster than non-family firms following a crisis.
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Why is it important?
Family firms make up more than 80% of all firms worldwide. It is important to know how these firms function so that they can be better managed.
Perspectives
This study uses a rarely used technique to examine rate of change in entrepreneurship over time. Overall, we find an interesting linkage between the family-led organizations and their speed of recovering following a crisis.
Dr G. Tyge Payne
Texas Tech University
Read the Original
This page is a summary of: Time to recalibrate? Exploring entrepreneurial orientation of family businesses before, during, and after an environmental jolt, International Journal of Management and Enterprise Development, January 2017, Inderscience Publishers,
DOI: 10.1504/ijmed.2017.10003444.
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