Experiencing Family Business Creation: Differences Between Founders, Nonfamily Managers, and Founders of Nonfamily Firms

    Authors

    M. H. Morris; J. A. Allen; D. F. Kuratko;D. Brannon

    Comments

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    Abbreviated Journal Title

    Entrep. Theory Pract.

    Keywords

    EMOTIONAL INTENSITY; ENTREPRENEURS; SATISFACTION; PERSPECTIVE; PERFORMANCE; CONFLICT; BEHAVIOR; Business

    Abstract

    An experiential perspective for examining family business creation is introduced. As a "lived experience," the family firm generates a cumulative series of interdependent events that takes on properties rooted in affect. The family business is a context that enables unscripted temporal performances by founders. Characteristics of the venture creation experience are examined, and underlying dimensions are proposed and empirically investigated. Building on social capital theory, differences in experiences between founders of family businesses, nonfamily managers, and founders of nonfamily ventures are explored. These differences are argued to have important implications for decision making and ongoing dynamics within the family firm.

    Journal Title

    Entrepreneurship Theory and Practice

    Volume

    34

    Issue/Number

    6

    Publication Date

    1-1-2010

    Document Type

    Article

    Language

    English

    First Page

    1057

    Last Page

    1084

    WOS Identifier

    WOS:000284273400002

    ISSN

    1042-2587

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