Emotions and Family Business Creation: An Extension and Implications

Laura J. Stanley

Entrepreneurship Theory and Practice, 2010, vol. 34, issue 6, 1085-1092

Abstract: Morris, Allen, Kuratko, and Brannon found that family founders, nonfamily managers working in family firms, and nonfamily founders experience a wide range of emotions during the first 4 years of establishing a new business. They identify differences in the emotional experiences of these three groups. I extend their findings by suggesting that divergent emotional experiences may explain differences in risk–taking behavior between family and nonfamily firms, and between family firms. Furthermore, I suggest that family founders‘ early emotional experiences may affect the firm's culture, strategy, and decision–making processes well beyond the start–up phase.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:34:y:2010:i:6:p:1085-1092

DOI: 10.1111/j.1540-6520.2010.00414.x

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