How Do Family Firms Launch New Businesses? A Developmental Perspective on Internal Corporate Venturing in Family Business
从发展视角研究家族企业内部创业，认为其包含两个顺序战略选择：新业务与母公司的关联度以及新业务的自主权水平，并探讨家族企业动态和所有权结构如何影响这些决策。
This conceptual work depicts internal corporate venturing in family business as consisting of two separate and sequential strategic choices: first, the decision about the degree of relatedness between the parent firm and the venture; second, the definition of the level of venture autonomy. Drawing on stewardship theory, we argue that family business dynamics, and in particular the development of the ownership structure, influence how family firms pursue internal corporate venturing and make decisions related to such two steps. We also discuss the contingent effect of corporate governance characteristics and of the national legal system.