Bric by bric: The role of the family household in sustaining a venture in impoverished Indian slums

David Gras and Robert S. Nason

Journal of Business Venturing, 2015, vol. 30, issue 4, 546-563

Abstract: We advance understanding of the embedded role of the family household in governing firm performance in an impoverished setting. Drawing on bricolage theory, which articulates how individuals make do with resources at hand, we suggest that family household diversity facilitates creativity while family household shared business experience facilitates routinization. While initially performance enhancing, unfettered creativity and overroutinization have detrimental effects and thus expect the highest levels of performance to occur at moderate levels of family household diversity and shared business experience. We find general support for our hypotheses using a large sample of firms and families in impoverished Indian households.

Keywords: Family business; Family Household; Firm performance; Bricolage; Poverty (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbvent:v:30:y:2015:i:4:p:546-563

DOI: 10.1016/j.jbusvent.2014.10.002

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