Entrepreneurial Risk Taking in Family Firms: The Wellspring of the Regenerative Capability. (June 2018)

• Record Type: Journal Article
• Authors: Zahra, Shaker A.
• Is Part Of: Family business review. Volume 31:Number 2(2018)
• Page Start: 216
• Page End: 226
• Publication Date: 2018-06
• Subjects: entrepreneurship -- risk taking -- capability -- regenerative capability; Family-owned business enterprises -- United States -- Periodicals; Home labor -- United States -- Periodicals; Small business -- United States -- Periodicals; New business enterprises -- United States -- Periodicals; 658.045
• DOI: 10.1177/0894486518776871
• Languages: English
• ISSNs: 0894-4865

Abstract

Research on entrepreneurial risk taking by family firms has grown rapidly over the past decade. In this article, I revisit my earlier study's objectives and contributions and analyze the key changes that have taken place in the literature since its publication. My analyses highlight the ever-broadening definition of entrepreneurship and entrepreneurial risk taking by family firms and the explosive growth of research on their antecedents and consequences, increasingly adopting an international perspective. I offer suggestions to improve theory building and methodological choices while adopting a multilevel perspective that enables the recognition of microfoundations and temporal issues. This research can clarify the role of entrepreneurship as the source of family firms' regenerative capability.