Corporate entrepreneurship in family firms: The case of Turkey

Abstract

This study investigates the relationship between institutionalization factors and corporate entrepreneurship in Turkish family firms. The data was obtained from the responses of 244 managers in family firms. The results show that there were significant relationships between the dimension of institutionalization and the dimension of corporate entrepreneurship. The autonomy dimension of institutionalization positively affects all three dimensions of corporate entrepreneurship: risk taking (β = 0.329, p < 0.05), proactivity (β = 0.260, p < 0.05) and innovativeness (β = 0.302, p < 0.01). Transparency affects risk taking (β = 0.210, p < 0.01) and proactivity (β = 0.250, p < 0.01) in a positive way while professionalism and consistency affect proactivity (β = 0.270, p < 0.01; β = 0.149, p < 0.05) positively. But formalization affects the risk taking and proactivity dimensions of corporate entrepreneurship negatively. Formalization also has a meaningful and positive influence on innovativeness only (β = -0.289, p < 0.05). © 2013 Springer-Verlag Berlin Heidelberg. All rights are reserved.