Exploring the
Entrepreneurial
Behavior of Family
Firms: Does the
Stewardship Perspecti
Explain Differences?
Kimberly A. Eddleston
Franz W. Kellermanns
Thomas M. Zellweger
Drawing from stewardship theory, we investigated corporate entrepreneurship in family
firms. We argued that stewardship culture determinants––comprehensive strategic d
making,participative governance, long-term orientation, and human capital––differentiate
the most entrepreneurial family firms. Based on a study of 179 family firms, we show
comprehensive strategic decision making and long-term orientation contribute to cor
entrepreneurship. Additionally, family-to-firm unity enhanced the positive effects par
tive governance and long-term orientation have on corporate entrepreneurship. While we
found that family-to-firm unity can compensate for low human capital, unexpectedly,
found that family-to-firm unity can dampen the positive relationship between human
and corporate entrepreneurship.
Introduction
There is much debate regarding the firm-level entrepreneurial behavior of family
firms. While some view family businesses as particularly supportive of corpora
preneurship (e.g., Zahra, 2005), others see family businesses as being stagnant, conser-
vative, and resistant to change (e.g., Allio, 2004). Strategic decision making c
family firms when their leaders become fixated on a previously successful strategy,
causing them to stifle growth (e.g., Upton, Teal, & Felan, 2001). A “generatio
(Davis & Harveston, 1999)or “confining legacy” (Kelly, Athanassiou, & Crittenden,
2000) can mire the firm in traditions, thereby limiting entrepreneurial behavi
Davis,Hampton, & Lansberg, 1997;Miller,Le Breton-Miller, & Scholnick, 2008).
Please send correspondence to: Franz W. Kellermanns at fkellermanns@whu.edu, to Kimberly
at k.eddleston@neu.edu, and to Thomas M. Zellweger, +41 71 224 71 00; e-mail:thomas.zellweger@
unisg.ch.
P T E
&
1042-2587
© 2010 Baylor University
347 March, 2012
DOI: 10.1111/j.1540-6520.2010.00402.x