Authors: Carolin Decker; Christina Günther
Addresses: Universität Bremen, Fachbereich Wirtschaftswissenschaft, Wilhelm-Herbst-Str. 5, D-28359 Bremen, Germany ' WHU – Otto Beisheim School of Management, Campus Vallendar, Burgplatz 2, D-56179 Vallendar, Germany
Abstract: Family offices are dedicated to business families' comprehensive wealth management. Based on qualitative data, we explore how they additionally promote conventional and social entrepreneurship by supporting the families behind them in providing financial resources to venture capital funds or implementing family foundations. In this context, family offices rely on a sophisticated network comprising abundant financial, human, and social resources. Our findings illustrate how family offices coordinate these networks. These provide chances for family members to prove themselves. They facilitate entrepreneurial opportunities and help maintain the survival of the family and its enterprise over generations.
Keywords: family entrepreneurship; family offices; family business; family wealth; entrepreneurial opportunities; financial resources; venture capital; networks; financial investments; coordination; family firms; wealth management; human resources; social resources.
International Journal of Entrepreneurial Venturing, 2016 Vol.8 No.1, pp.46 - 61
Available online: 28 Jan 2016 *Full-text access for editors Access for subscribers Purchase this article Comment on this article