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

Arzubiaga, Unai and Kotlar, Josip and De Massis, Alfredo and Maseda, Amaia and Iturralde, Txomin (2018) Entrepreneurial orientation and innovation in family SMEs:Unveiling the (actual) impact of the Board of Directors. Journal of Business Venturing, 33 (4). pp. 455-469. ISSN 0883-9026

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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.

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Journal Article
Journal or Publication Title:
Journal of Business Venturing
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This is the author’s version of a work that was accepted for publication in Journal of Business Venturing. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Business Venturing, 33, 4, 2018 DOI: 10.1016/j.jbusvent.2018.03.002
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21 Mar 2018 11:02
Last Modified:
17 Sep 2023 02:15