How family firms use governance mechanisms to mitigate the risks of ecosystems: a case study from healthcare

Dieudonnee Cobben (), Petra C. M. Neessen, Diana Rus and Nadine Roijakkers
Additional contact information
Dieudonnee Cobben: Open Universiteit
Petra C. M. Neessen: Open Universiteit
Diana Rus: Rijksuniversiteit Groningen
Nadine Roijakkers: Open Universiteit

Small Business Economics, 2023, vol. 60, issue 4, No 4, 1369-1388

Abstract: Abstract This study aims to increase our understanding of how family firms, acting as ecosystem orchestrators, mitigate perceived relational and performance risk in ecosystems via the use of governance mechanisms. We use the ecosystem governance literature to understand whether family firms’ characteristics lead to a unique governance approach in an ecosystem setting. Our findings and theoretical implications are threefold; (1) formal and informal governance mechanisms act as complements to mitigate relational and performance risks; (2) the choice of governance mechanisms differs for relational and performance risk; (3) changes in perceived risk over time result in shifts in the relative dominance of formal/informal governance mechanisms.

Keywords: Family firm; Ecosystem; Governance; Risk; Open innovation (search for similar items in EconPapers)
JEL-codes: O32 O36 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11187-022-00667-w Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:sbusec:v:60:y:2023:i:4:d:10.1007_s11187-022-00667-w

Ordering information: This journal article can be ordered from
http://www.springer. ... 29/journal/11187/PS2

DOI: 10.1007/s11187-022-00667-w

Access Statistics for this article

Small Business Economics is currently edited by Zoltan J. Acs and David B. Audretsch

More articles in Small Business Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().