Family Firms and Institutional Contexts
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Family Firms and Institutional Contexts

Business Models, Innovation and Competitive Advantage

Edited by Giorgia M. D’Allura, Andrea Colli and Sanjay Goel

Featuring in-depth analysis of original research, this innovative book takes an interdisciplinary, cross-national approach to the study of family firms as institutions as well as the relationship between family firms and external institutions. It demonstrates the impact of these interactions both on the firms and institutions themselves and in the wider economic context, and provides important conceptual insights as well as ideas for future research agendas.
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Chapter 11: Transgenerational entrepreneurial family firms and formal institutions: exploring the impact of entrepreneurial orientation on family firm performance in different formal institutional settings

Daniela Giménez Jimenez and Andrea Calabrò

Abstract

The aim of this chapter is to add to the investigation on how entrepreneurial orientation contributes to family firm performance through the role of different institutions as intervening factors. Building on new institutional economics the authors suggest that some formal institutions such as the size of the government, the arbitrary power of the government and insecure property rights alter the way in which some dimensions of entrepreneurial orientation impact family firms’ performance. The study is based on a unique sample which includes survey data on entrepreneurial families as part of the Successful Transgenerational Entrepreneurship Practices (STEP) project.

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