Kotlar, Josip; Massis, Alfredo De; Fang, Hanqing; … - In: Small Business Economics 43 (2014) 3, pp. 597-619
Family firms are classically seen as risk averse organizations, and this is evident in their generally lower R&D investments compared to non-family firms. Recent research, however, challenges this predominant view and suggests that family firms can embrace higher strategic risk when faced with...