Entrepreneurial orientation and innovation in family SMEs: Unveiling the (actual) impact of the Board of Directors

Citation data:

Journal of Business Venturing, ISSN: 0883-9026, Vol: 33, Issue: 4, Page: 455-469

Publication Year:
2018
Captures 49
Readers 49
Social Media 217
Shares, Likes & Comments 209
Tweets 8
Citations 4
Citation Indexes 4
DOI:
10.1016/j.jbusvent.2018.03.002
Author(s):
Unai Arzubiaga; Josip Kotlar; Alfredo De Massis; Amaia Maseda; Txomin Iturralde
Publisher(s):
Elsevier BV
Tags:
Business, Management and Accounting
Most Recent Tweet View All Tweets
article description
Drawing on stewardship and resource dependence theories, we examine how the board of directors (BoD) influences the link between entrepreneurial orientation (EO) and ambidextrous innovation in small and medium sized family firms (family SMEs). Our analysis of 230 Spanish family SMEs shows that family involvement in the BoD has a negative effect on their ability to turn EO into innovation. Moreover, we show that the BoD's strategic involvement in service and control tasks and the provision of knowledge and skills have positive effects, whereas the intensity of BoD activity has a surprisingly negative effect. These findings underscore that the effects of the BoD on the entrepreneurship-innovation link are more complex than previously thought, pointing to the important role of both BoD composition and BoD functioning for enabling innovation in family SMEs.