Title

Experiencing Family Business Creation: Differences Between Founders, Nonfamily Managers, And Founders Of Nonfamily Firms

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. © 2010 Baylor University.

Publication Date

11-1-2010

Publication Title

Entrepreneurship: Theory and Practice

Volume

34

Issue

6

Number of Pages

1057-1084

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1111/j.1540-6520.2010.00413.x

Socpus ID

78449255036 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/78449255036

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