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Inheriting the legacy but not the business: When and where do family nonsuccessors become entrepreneurial?

Author

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  • James G. Combs
  • Peter Jaskiewicz
  • Sabine B. Rau
  • Ridhima Agrawal

Abstract

Entrepreneurship declines precipitously across generations in family firms, except in families that convey an entrepreneurial legacy to successors. However, because an entrepreneurial legacy is imprinted on all children, its impact should extend beyond successors. Inductive analysis of data from 26 nonsuccessor adult children from 13 multigenerational German wineries reveals that whether and where—at the firm, within the family’s portfolio of firms, or elsewhere—such adult children pursue entrepreneurship depends, in addition to having an entrepreneurial legacy, on family cohesiveness and flexibility. Implications are that whereas entrepreneurial legacies affect all children, whether and where children leverage their legacy depends on the business family behind the family firm.

Suggested Citation

  • James G. Combs & Peter Jaskiewicz & Sabine B. Rau & Ridhima Agrawal, 2023. "Inheriting the legacy but not the business: When and where do family nonsuccessors become entrepreneurial?," Journal of Small Business Management, Taylor & Francis Journals, vol. 61(4), pages 1961-1990, July.
    • Handle: RePEc:taf:ujbmxx:v:61:y:2023:i:4:p:1961-1990
    DOI: 10.1080/00472778.2021.1883038
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    Citations

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    Cited by:

    1. Miruna Radu-Lefebvre & James Davis & William Gartner, 2024. "Legacy in Family Business: A Systematic Literature Review and Future Research Agenda," Post-Print hal-04515862, HAL.
    2. Rolf Wilmes & Leif Brändle & Andreas Kuckertz, 2024. "Seeds in rocky soil: the interactive role of entrepreneurial legacy and bridging in family firms’ organizational ambidexterity," Small Business Economics, Springer, vol. 63(3), pages 1041-1064, October.
    3. Wu, Sihong & Chirico, Francesco & Fan, Di & Ding, Jiayan & Su, Yiyi, 2024. "Foreign market exit in family firms: Do historical military and cultural frictions matter?," Journal of World Business, Elsevier, vol. 59(1).

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