Final published version
Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter
Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter
}
TY - CHAP
T1 - Environmental jolts, family-centered non-economic goals and innovation
T2 - Toward a framework of family firm resilience
AU - Campopiano, Giovanna
AU - De Massis, Alfredo Vittorio
AU - Kotlar, Josip
PY - 2018
Y1 - 2018
N2 - Building on extant research on family firm resilience, we propose a framework to discuss the impact of family-centered non-economic goals on a firm’s ability to absorb and react to environmental jolts. This chapter aims to advance current knowledge on the goal-related antecedents of innovation strategies in family firms by theorizing on how family firms approach slack resource deployment and choose between investments in closed vs. open innovation as a response to environmental jolts. Building on prospect theory assumptions about risk-taking behavior, we make a contribution to understanding heterogeneity of resilient family firms, which are spurred to innovate in light of the degree of relevance of pursued family-centered non-economic goals.
AB - Building on extant research on family firm resilience, we propose a framework to discuss the impact of family-centered non-economic goals on a firm’s ability to absorb and react to environmental jolts. This chapter aims to advance current knowledge on the goal-related antecedents of innovation strategies in family firms by theorizing on how family firms approach slack resource deployment and choose between investments in closed vs. open innovation as a response to environmental jolts. Building on prospect theory assumptions about risk-taking behavior, we make a contribution to understanding heterogeneity of resilient family firms, which are spurred to innovate in light of the degree of relevance of pursued family-centered non-economic goals.
U2 - 10.1007/978-3-319-77676-7_28
DO - 10.1007/978-3-319-77676-7_28
M3 - Chapter
SN - 9783319776750
SP - 773
EP - 789
BT - The Palgrave Handbook of Heterogeneity among Family Firms
A2 - Memili, Esra
A2 - Dibrell, Clay
PB - Palgrave Macmilan
CY - Cham
ER -