TY - JOUR
T1 - Family Firms and Entrepreneurial Orientation in Publicly Traded Firms
T2 - A Comparative Analysis of the S&P 500
AU - Short, Jeremy C.
AU - Payne, G. Tyge
AU - Brigham, Keith H.
AU - Lumpkin, G. T.
AU - Broberg, J. Christian
PY - 2009
Y1 - 2009
N2 - There is considerable disagreement about whether family firm characteristics hinder or support entrepreneurial activities. This article highlights the existence of an entrepreneurial orientation in family firms, and it examines differences between family and nonfamily firms on the entrepreneurial orientation dimensions of autonomy, competitive aggressiveness, innovativeness, proactiveness, and risk taking, using content analysis of shareholder letters from S&P 500 firms. As such, family firms exhibit language consistent with an entrepreneurial orientation for all dimensions but use less language than that of nonfamily firms in relation to autonomy, proactiveness, and risk taking.
AB - There is considerable disagreement about whether family firm characteristics hinder or support entrepreneurial activities. This article highlights the existence of an entrepreneurial orientation in family firms, and it examines differences between family and nonfamily firms on the entrepreneurial orientation dimensions of autonomy, competitive aggressiveness, innovativeness, proactiveness, and risk taking, using content analysis of shareholder letters from S&P 500 firms. As such, family firms exhibit language consistent with an entrepreneurial orientation for all dimensions but use less language than that of nonfamily firms in relation to autonomy, proactiveness, and risk taking.
KW - content analysis
KW - entrepreneurial orientation
KW - family firms
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U2 - 10.1177/0894486508327823
DO - 10.1177/0894486508327823
M3 - Article
AN - SCOPUS:84900128604
SN - 0894-4865
VL - 22
SP - 9
EP - 24
JO - Family Business Review
JF - Family Business Review
IS - 1
ER -