Environmental jolts, family-centered non-economic goals and innovation: Toward a framework of family firm resilience
De Massis A
MetadataShow full item record
Building on extant research on family firm resilience, we propose a framework to discuss the impact of family-centered non-economic goals on a firm’s ability to absorb and react to environmental jolts. This chapter aims to advance current knowledge on the goal-related antecedents of innovation strategies in family firms by theorizing on how family firms approach slack resource deployment and choose between investments in closed vs. open innovation as a response to environmental jolts. Building on prospect theory assumptions about risk-taking behavior, we make a contribution to understanding heterogeneity of resilient family firms, which are spurred to innovate in light of the degree of relevance of pursued family-centered non-economic goals.
Showing items related by title, author, creator and subject.
Unlocking innovation potential: A typology of family business innovation postures and the critical role of the family system Rondi E; De Massis A; Kotlar J (2018)How can family firms unlock their innovation potential? Despite the recent growth in research on family business innovation, existing literature has yielded controversial findings. Family firms are recognized as more ...
Behavioral Antecedents of R&D Investments: Strategic Reference Points in Family and Non-Family Firms Kotlar J; De Massis A; Fang H; Frattini F (Academy of Management, 2013)This study developed and tested a conceptual model explaining differences between family and non-family firms as to how they respond to feedback information from their organization and competitive environment. The strategic ...
De Massis A; Kotlar J; Campopiano G; Cassia L (2013)In this study we investigate how the dispersion of family ownership among family members affects the performance of small-to-medium-size family firms. Based on agency theory and prior research on family firms, we develop ...