Micro-Foundations of Corporate Entrepreneurship in Family Firms: An Institution-Based Perspective

Family firm institutional context is composed of institutions that originate from the family and the business. Hence, a confluence of family and business institutions, with varying degrees of salience, interact and influence entrepreneurial behaviors within family firms. We suggest an institution-based perspective for examining entrepreneurial behaviors and explain why an institutional perspective can deepen our understanding of the micro-foundations of corporate entrepreneurship within family firms. Furthermore, we elaborate on family institutions' influence on entrepreneurial behaviors by highlighting these institutions' impact on family members' cognitions and abilities, as well as, family and nonfamily members' interactions and relationships.