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Entrepreneurial Orientation and Innovation in a Context of Crisis: Some Relevant Factors in the Case of Family Firms

In: Entrepreneurship, Innovation and Economic Crisis

Author

Listed:
  • Unai Arzubiaga

    (University of the Basque Country (UPV/EHU))

  • Txomin Iturralde

    (University of the Basque Country (UPV/EHU))

Abstract

This article analyses how some internal factors inherent to family firms influence the entrepreneurial orientation (EO) of small-and-medium (SME) family businesses, which are the most successful type of firms in maintaining jobs in a crisis like the present. In this sense, we predict that a family firm’s image, its willingness to change, and the strategic involvement of its board of directors may positively influence its EO, which is one of the most used strategies among firms against crisis. We test these hypotheses by surveying the CEOs of 232 Spanish SMEs. The results of a structural equation model corroborate our hypotheses.

Suggested Citation

  • Unai Arzubiaga & Txomin Iturralde, 2014. "Entrepreneurial Orientation and Innovation in a Context of Crisis: Some Relevant Factors in the Case of Family Firms," Springer Books, in: Klaus Rüdiger & Marta Peris Ortiz & Alicia Blanco González (ed.), Entrepreneurship, Innovation and Economic Crisis, edition 127, chapter 0, pages 107-115, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-02384-7_12
    DOI: 10.1007/978-3-319-02384-7_12
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