Skip to main content
SpringerLink
Log in

Entrepreneurship in Family Firms in Developed and Developing Countries

  • Chapter
  • First Online:
Entrepreneurship and Structural Change in Dynamic Territories

Abstract

Entrepreneurship is a major force for the economies around the world. Thus, it is a useful concept that leads to companies on how to participate in the change and in the renewal processes in order to maintain and improve their competitiveness (Cruz and Nordqvist, Entrepreneurial orientation in family firms: A generational perspective. Small Bus Econ 38(1):33–49, 2012). This book chapter examines the effects, among others, of innovation, institutional behavior on regional development, synthesizing new research from entrepreneurship and regional science disciplines, emphasizing the successful experiences and lessons from developed and developing countries. Therefore, we aim to provide a general perspective on entrepreneurial orientation in family firms both in developed and developing countries. This work pretends to cover the existing gap in the current research on entrepreneurship in developing countries, in line with Ratten (Future research directions for collective entrepreneurship in developing countries: A small and medium-sized enterprise perspective. Int J Entrep Small Bus 22(2):266–274, 2014) who highlight the need for more research on entrepreneurship in developing countries.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Akhtar, C. S., Ismail, K., Hussain, J., & Umair-ur-Rehman, M. (2015). Investigating the moderating effect of family on the relationship between entrepreneurial orientation and success of enterprise: Case of Pakistani manufacturing SMEs. International Journal of Entrepreneurship and Small Business, 26(2), 233–247.

    Article  Google Scholar 

  • Aldrich, H. E., & Cliff, J. E. (2003). The pervasive effects of family on entrepreneurship: Toward a family embeddedness perspective. Journal of Business Venturing, 18(5), 573–596.

    Article  Google Scholar 

  • Alvarez, S. A., & Busenitz, L. W. (2001). The entrepreneurship of resource-based theory. Journal of Management, 27(6), 755–775.

    Article  Google Scholar 

  • Anderson, R. C., & Reeb, D. M. (2003). Founding-family ownership and firm performance: Evidence from the S &P 500. The Journal of Finance, 58(3), 1301–1328.

    Article  Google Scholar 

  • Audretsch, D. B., Bönte, W., & Keilbach, M. (2008). Entrepreneurship capital and its impact on knowledge diffusion and economic performance. Journal of Business Venturing, 23(6), 687–698.

    Article  Google Scholar 

  • Barroso, A., Sanguino, R., & Bañegil, T. M. (2012). Diferentes criterios del concepto de empresa familiar. Una aportación desde Extremadura, España. Ide@s Concyteg, 83(7), 611–622.

    Google Scholar 

  • Barroso, A., Sanguino, R., & Bañegil, T. M. (2016). An empirical study about knowledge transfer, entrepreneurial orientation and performance in family firms. European Journal of International Management, 10(5), 534–557.

    Google Scholar 

  • Basu, A. (1998). An exploration of entrepreneurial activity among Asian small businesses in Britain. Small Business Economics, 10(4), 313–326.

    Article  Google Scholar 

  • Berger, P. L., & Luckmann, T. (1967). The social construction of reality. London: Allen Lane.

    Google Scholar 

  • Bernard, C. (2015). European family business trends (pp. 1–24). KPMG Enterprise.

    Google Scholar 

  • Casillas, J. C., Moreno, A. M., & Barbero, J. L. (2010). A configurational approach of the relationship between entrepreneurial orientation and growth of family firms. Family Business Review, 23(1), 27–44.

    Article  Google Scholar 

  • Castanias, R. P., & Helfat, C. E. (1991). Managerial resources and rents. Journal of Management, 17(1), 155–171.

    Article  Google Scholar 

  • Chrisman, J. J., Chua, J. H., & Steier, L. P. (2002). The influence of national culture and family involvement on entrepreneurial perceptions and performance at the state level. Entrepreneurship: Theory and Practice, 26(4), 113–131.

    Google Scholar 

  • Chua, J. H., Chrisman, J. J., & Sharma, P. (1999). Defining the family business by behavior. Entrepreneurship: Theory and Practice, 23(4), 19–19.

    Google Scholar 

  • Covin, J. G., & Slevin, D. P. (1991). A conceptual model of entrepreneurship as firm behavior. Entrepreneurship: Critical Perspectives on Business and Management, 3, 5–28.

    Google Scholar 

  • Craig, J., & Lindsay, N. J. (2002). Incorporating the family dynamic into the entrepreneurship process. Journal of Small Business and Enterprise Development, 9(4), 416–430.

    Article  Google Scholar 

  • Cruz, C., & Nordqvist, M. (2012). Entrepreneurial orientation in family firms: A generational perspective. Small Business Economics, 38(1), 33–49.

    Article  Google Scholar 

  • Davidsson, P., & Wiklund, J. (2001, Summer). Levels of analysis in entrepreneurship research: Current practice and suggestions for the future. Entrepreneurship Theory & Practice, 25(4), 81–99.

    Article  Google Scholar 

  • Davidsson, P., & Wiklund, J. (2007). Levels of analysis in entrepreneurship research: Current research practice and suggestions for the future. In Á. Cuervo, D. Ribeiro, & S. Roig (Eds.), Entrepreneurship: Concepts, theory and perspective (pp. 245–266). Berlin: Springer.

    Google Scholar 

  • DeTienne, D. R. (2010). Entrepreneurial exit as a critical component of the entrepreneurial process: Theoretical development. Journal of Business Venturing, 25(2), 203–215.

    Article  Google Scholar 

  • Donckels, R., & Fröhlich, E. (1991). Are family businesses really different? European experiences from STRATOS. Family Business Review, 4(2), 149–160.

    Article  Google Scholar 

  • Duobiene, J., Gavenas, J., Anskaitis, A., & Pundziene, A. (2007). Applying indicators of orientation to innovations, potential of growth and strategic objectives to explain corporate entrepreneurship: Case study of the three Finnish companies. Problems and Perspectives in Management, 5(3), 31–43.

    Google Scholar 

  • Dyer, W. G., Jr., & Handler, W. (1994). Entrepreneurship and family business: Exploring the connections. Entrepreneurship: Theory and Practice, 19(1), 71–84.

    Google Scholar 

  • Elenurm, T., & Reino, A. (2013, September). Knowledge sharing challenges in developing early-stage entrepreneurship. In European conference on knowledge management (p. 211). Academic Conferences International.

    Google Scholar 

  • Erbetta, F., Menozzi, A., Corbetta, G., & Fraquelli, G. (2013). Assessing family firm performance using frontier analysis techniques: Evidence from Italian manufacturing industries. Journal of Family Business Strategy, 4(2), 106–117.

    Article  Google Scholar 

  • EY Family Business Yearbook. (2015). Global family business index. University of St. Gallen, Centre for Family Business, World Bank.

    Google Scholar 

  • Farid, M. I., ElSayed-Elkhouly, S. M., & Barnes, M. J. (2011). Institutional context for entrepreneurship in Arab countries. International Journal of Sustainable Society, 3(3), 292–311.

    Article  Google Scholar 

  • Fernández-Olmos, M., Gargallo-Castel, A., & Giner-Bagües, E. (2016). Internationalization and performance in Spanish family SMES: The W-curve. BRQ Business Research Quarterly, 19(2), 122–136.

    Article  Google Scholar 

  • Gray, R., Owen, D., & Maunders, K. (1987). Corporate social reporting: Accounting and accountability. London: Prentice-Hall International.

    Google Scholar 

  • Gulzar, M., & Wang, Z. (2010). Corporate governance and non-listed family owned businesses: Evidence from Pakistan. International Journal of Innovation, Management and Technology, 1(2), 124–129.

    Google Scholar 

  • Habbershon, T., & Pistrui, J. (2002). Enterprising families domain: Family-influenced ownership groups in pursuit of transgenerational wealth. Family Business Review, 15(3), 223–237.

    Article  Google Scholar 

  • Habbershon, T. G., Nordqvist, M., & Zellweger, T. (2010). Transgenerational entrepreneurship. In M. Nordqvist & T. Zellweger (Eds.), Transgenerational entrepreneurship: Exploring growth and performance in family firms across generations (pp. 1–38). Cheltenham: Edward Elgar.

    Google Scholar 

  • Hall, A., Melin, L., & Nordqvist, M. (2001). Entrepreneurship as radical change in the family business: Exploring the role of cultural patterns. Family Business Review, 14(3), 193–208.

    Article  Google Scholar 

  • Hopwood, A. G. (1987). The archeology of accounting systems. Accounting, Organizations and Society, 12(3), 207–234.

    Article  Google Scholar 

  • Iacobucci, D. (2002). Explaining business groups started by habitual entrepreneurs in the Italian manufacturing sector. Entrepreneurship& Regional Development, 14(1), 31–47.

    Article  Google Scholar 

  • Institute for Family Business. (2011). The UK family business sector (pp. 1–41). London: Oxford Economics.

    Google Scholar 

  • International Finance Corporation (IFC). (2009). World Bank and Lebanese Transparency Association. Retrieved August 26, 2016 from http://www.transparency-lebanon.org/publications/foecgen.pdf

  • Johannisson, B. (2002). Energising entrepreneurship: Ideological tensions in the medium-sized family business. In D. Fletcher (Ed.), Understanding the small family business (pp. 46–57). London: Routledge.

    Google Scholar 

  • Justo, R., & DeTienne, D. R. (2008). Family situation and the exit event: Reassessing the opportunity-costs of business ownership. Frontiers of Entrepreneurship Research, 28, 14.

    Google Scholar 

  • Kamien, M. I., Muller, E., & Zang, I. (1992). Research joint ventures and R&D cartels. The American Economic Review, 82, 1293–1306.

    Google Scholar 

  • Kellermanns, F. W., & Eddleston, K. A. (2004). Feuding families: When conflict does a family firm good. Entrepreneurshiptheory and Practice, 28(3), 209–228.

    Article  Google Scholar 

  • Kellermanns, F. W., Eddleston, K. A., Barnett, T., & Pearson, A. (2008). An exploratory study of family member characteristics and involvement: Effects on entrepreneurial behavior in the family firm. Family Business Review, 21(1), 1–14.

    Article  Google Scholar 

  • Kreiser, P. M., Marino, L. D., Dickson, P., & Weaver, K. M. (2010). Cultural influences on entrepreneurial orientation: The impact of national culture on risk taking and proactiveness in SMEs. Entrepreneurship Theory and Practice, 34(5), 959–983.

    Article  Google Scholar 

  • Littunen, H., & Hyrsky, K. (2000). The early entrepreneurial stage in Finnish family and nonfamily firms. Family Business Review, 13(1), 41–53.

    Article  Google Scholar 

  • Lumpkin, G. T., & Dess, G. G. (1996). Clarifying the entrepreneurial orientation construct and linking it to performance. Academy of managementReview, 21(1), 135–172.

    Google Scholar 

  • Mahayny, K. (2007). Difficulties facing family owned businesses in the Arab Region. In Business development and family businesses: Managerial foundations and international accounting standards. Arab Tax Society, Cairo, Egypt, Nile Hilton.

    Google Scholar 

  • Mandl, I. (2008). Overview of family business relevant issues. Vienna, Austria: Austrian Institute for SME Research.

    Google Scholar 

  • Manikutty, S. (2000). Family business groups in India: A resource-based view of the emerging trends. Family Business Review, 13(4), 279–292.

    Google Scholar 

  • Marshall, A. (1890). Principles of political economy. New York: Maxmillan.

    Google Scholar 

  • McCann, G., DeMoss, M., Dascher, P., & Barnett, S. (2003). Educational needs of family businesses: Perceptions of university directors. Family Business Review, 16(4), 283–291.

    Article  Google Scholar 

  • Memili, E., Eddleston, K. A., Kellermanns, F. W., Zellweger, T. M., & Barnett, T. (2010). The critical path to family firm success through entrepreneurial risk taking and image. Journal of Family Business Strategy, 1(4), 200–209.

    Article  Google Scholar 

  • Miller, D. (1983). The correlates of entrepreneurship in three types of firms. Management Science, 29(7), 770–791.

    Article  Google Scholar 

  • Miller, D., & Le Breton-Miller, I. (2005). Managing for the long run: Lessons in competitive advantage from great family businesses. Harvard Business Press.

    Google Scholar 

  • Mroczkowski, N. (2002). Using accounting standards to delineate listed firms in Australian capital markets. In Proceedings of the AAAA conference, Nagoya, Japan.

    Google Scholar 

  • Naldi, L., Nordqvist, M., Sjöberg, K., & Wiklund, J. (2007). Entrepreneurial orientation, risk taking, and performance in family firms. Family Business Review, 20(1), 33–47.

    Article  Google Scholar 

  • Nordqvist, M., & Melin, L. (2010). Entrepreneurial families and family firms. Entrepreneurship and Regional Development, 22(3–4), 211–239.

    Article  Google Scholar 

  • Nordqvist, M., Habbershon, T. G., & Melin, L. (2008). Transgenerational entrepreneurship: Exploring entrepreneurial orientation in family firms. In H. Landström, D. Smallbone, H. Crijns, & E. Laveren (Eds.), Entrepreneurship, sustainable growth and performance: Frontiers in European entrepreneurship research (pp. 93–116). Cheltenham: Edward Elgar.

    Google Scholar 

  • Pistrui, D., Welsch, H. P., Wintermantel, O., Liao, J., & Pohl, H. J. (2000). Entrepreneurial orientation and family forces in the new Germany: Similarities and differences between East and West German entrepreneurs. Family Business Review, 13(3), 251–263.

    Article  Google Scholar 

  • Pistrui, D., Huang, W., Oksoy, D., Jing, Z., & Welsch, H. (2001). Entrepreneurship in China: Characteristics, attributes, and family forces shaping the emerging private sector. Family Business Review, 14(2), 141–152.

    Article  Google Scholar 

  • Poutziouris, P., Steier, L., & Smyrnios, K. X. (2004). Guest editorial A commentary on family business entrepreneurial developments. International Journal of Entrepreneurial Behavior and Research, 10(1/2), 7–11.

    Article  Google Scholar 

  • Poza, E. J. (1988). Managerial practices that support interpreneurship and continued growth. Family Business Review, 1(4), 339–359.

    Article  Google Scholar 

  • Ratten, V. (2014). Future research directions for collective entrepreneurship in developing countries: A small and medium-sized enterprise perspective. International Journal of Entrepreneurship and Small Business, 22(2), 266–274.

    Article  Google Scholar 

  • Rosa, P. (1998). Entrepreneurial processes of business cluster formation and growth by ‘habitual’ entrepreneurs. Entrepreneurship: Theory and Practice, 22(4), 43–44.

    Google Scholar 

  • Rutten, M. (2001). Family enterprises and business partnerships: Rural entrepreneurs in India, Malaysia, and Indonesia. The Journal of Entrepreneurship, 10(2), 165–189.

    Article  Google Scholar 

  • Shane, S., & Venkataraman, S. (2000). The promise of entrepreneurship as a field of research. Academy of Management Review, 25(1), 217–226.

    Google Scholar 

  • Shanker, M. C., & Astrachan, J. H. (1996). Myths and realities: Family businesses’ contribution to the US economy–A framework for assessing family business statistics. Family Business Review, 9(2), 107–123.

    Article  Google Scholar 

  • Sharma, P., & Chrisman, J. J. (1999). Reconciling the definitional issues in the field of corporate entrepreneurship. Entrepreneurship: Theory and Practice, 23, 11–26.

    Google Scholar 

  • Sharma, P., & Manikutty, S. (2005). Strategic divestments in family firms: Role of family structure and community culture. Entrepreneurship Theory and Practice, 29(3), 293–311.

    Article  Google Scholar 

  • Smyrnios, K., Romano, C., & Tanewski, G. (1997). The Australian private and family business survey. Melbourne: Monash University.

    Google Scholar 

  • Stepek, M. (2016). Understanding the business family (pp. 1–8). Scotland: Scottish Family Business Association.

    Google Scholar 

  • Stewart, A. (2003). Help one another, use one another: Toward an anthropology of family business. Entrepreneurship Theory and Practice, 27(4), 383–396.

    Article  Google Scholar 

  • Teece, D. J. (1980). Economies of scope and the scope of the enterprise. Journal of Economic Behavior and Organization, 1(3), 223–247.

    Article  Google Scholar 

  • Tinker, A. M., Merino, B. D., & Neimark, M. D. (1982). The normative origins of positive theories: Ideology and accounting thought. Accounting, Organizations and Society, 7(2), 167–200.

    Article  Google Scholar 

  • Uhlaner, L. M., Kellermanns, F. W., Eddleston, K. A., & Hoy, F. (2012). The entrepreneuring family: A new paradigm for family business research. Small Business Economics, 38(1), 1–11.

    Article  Google Scholar 

  • Urban, B. (2011). Entrepreneurial networking differences: An ethnic in-group and out-group analysis. SA Journal of Industrial Psychology, 37(1), 01–14.

    Article  Google Scholar 

  • Venter, E., & Farrington, S. (2009). The nature of family businesses and their importance for economic development. Nelson Mandela Metropolitan University.

    Google Scholar 

  • Wahjono, S., Idrus, S., & Nirbito, J. (2014). Succession planning as an economic education to improve family business performance in East Java Province of Indonesia. Journal of Asian Scientific Research, 4(11), 649–663.

    Google Scholar 

  • Wang, D. (2006). Founding family ownership and earnings quality. Journal of Accounting Research, 44(3), 619–656.

    Article  Google Scholar 

  • Watts, R. L., & Zimmerman, J. L. (1986). Positive accouting theory. New Jersey: Prentice-Hall.

    Google Scholar 

  • Yolaç, S. (2015). An empirical study regarding entrepreneurship in Europe and Central Asia. Procedia-Social and Behavioral Sciences, 195, 1097–1103.

    Article  Google Scholar 

  • Zahra, S., & Sharma, P. (2004). Family business research: A strategic reflection. Family Business Review, 17(4), 331–346.

    Article  Google Scholar 

  • Zainol, F. A., Daud, W. N. W., & Muhammad, H. (2012). Entrepreneurial orientation (EO) in Malay family firm: Evidence from F-Pec model. International Journal of Business and Social Science, 3(20), 143–151.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Business Administration Department, University of Extremadura, Badajoz, Spain

    Ramón Sanguino & Ascensión Barroso

  2. Symbiosis Institute of Telecom Management, Constituent of Symbiosis International: Deemed University, Pune, India

    Saikat Gochhait

Authors
  1. Ramón Sanguino
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Ascensión Barroso
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Saikat Gochhait
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Ramón Sanguino .

Editor information

Editors and Affiliations

  1. Departamento de Ciências Sociais e de Ge, Universidade Aberta, Lisbon, Portugal

    Luísa Cagica Carvalho

  2. Departamento de Economia, Universidade de Évora, Évora, Portugal

    Conceição Rego

  3. Departamento de Economia, Universidade de Évora, Évora, Portugal

    M.Raquel Lucas

  4. School of Economics and Business Administration, University of Extremadura, Badajoz, Spain

    M. Isabel Sánchez-Hernández

  5. Departamento de Administração, Universidade de São Paulo, São Paulo, Brazil

    Adriana Backx Noronha

Rights and permissions

Reprints and permissions

Copyright information

© 2018 Springer International Publishing AG, part of Springer Nature

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Sanguino, R., Barroso, A., Gochhait, S. (2018). Entrepreneurship in Family Firms in Developed and Developing Countries. In: Carvalho, L., Rego, C., Lucas, M., Sánchez-Hernández, M., Noronha, A. (eds) Entrepreneurship and Structural Change in Dynamic Territories. Studies on Entrepreneurship, Structural Change and Industrial Dynamics. Springer, Cham. https://doi.org/10.1007/978-3-319-76400-9_6

Download citation

Publish with us

Policies and ethics

Search

Navigation