776554 FBRXXX10.1177/0894486518776554Family Business ReviewCruz and Brigham research-article2018 Commentary Family Business Review 2018, Vol. 31(2) 214 –215 © The Author(s) 2018 Introductory Comment to Reprints and permissions: sagepub.com/journalsPermissions.nav “Entrepreneurial Risk Taking in https://doi.org/10.1177/0894486518776554 DOI: 10.1177/0894486518776554 journals.sagepub.com/home/fbr Family Firms: The Wellspring of the Regenerative Capability” 1 2 Cristina Cruz Serrano and Keith H. Brigham Zahra’s 2005 article titled, “Entrepreneurial Risk associated with others (alliances). Family involvement Taking in Family Firms,” addressed a fundamental was positively asso ciated with innovation. Based on question within family business research: Under what these findings, Zahra (2005) represents an important ini- conditions do family firms encourage entrepreneurial tial empirical test of two diverse perspectives, and the activities? After an extensive review of the existing lit- study clearly highlighted the complexity involved when erature on family firms and risk taking, especially establishing links between family factors and entrepre- agency-based studies, the author chose to test the two neurial risk taking. contradictory existing perspectives regarding how fam- In retrospect, there are several reasons why Zahra ily- and ownership-related factors may be associated (2005) is widely regarded as a seminal article. One with entrepreneurial risk taking. One perspective was aspect that we would highlight is that entrepreneurial that family-
Family Business Review – SAGE
Published: Jun 1, 2018
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