How and when do family businesses support entrepreneurship? An exploratory analysis on the relationship among family influence and entrepreneurial opportunities in family firms

Abstract

Have a wider understanding of the entrepreneurial character of the family business is a key factor to foster their contribution to wealth creation in the world, due to the pervasive presence of this kind of firms in most countries. Following the transgenerational entrepreneurship approach, we propose a model that explores the interactions between family and business systems, family resources and capabilities, and entrepreneurial capabilities, to shed light on how and when entrepreneurial behavior strategies are developed in family businesses. A mixed methodology is developed, by using both quantitative -PLS-SEM- and qualitative -fsQCA- methods, to analyze a sample of 32 Spanish family businesses in an exploratory study. We contribute to the existing debate on entrepreneurship in family businesses by presenting the concept of entrepreneurial family capital, which arises from the analysis of the iteration relationships that allows the application of fsQCA techniques.