Institutionalization and corporate entrepreneurship in family firms

Abstract

This study investigates the relationship between institutionalization factors and corporate entrepreneurship in Turkish family firms. The data was obtained from the responses of 244 managers in family firms. The results show that there were significant relationships between the dimension of institutionalization and the dimension of corporate entrepreneurship. While automation affects all dimensions (risk taking, proactivity and innovativeness) of corporate entrepreneurship, autonomy, professionalization, transparency positively, formalization affects the dimensions of corporate entrepreneurship negatively.   Key words: Institutionalization, corporate entrepreneurship, family firms, Turkey.