Tracing the roots of innovativeness in family SMEs:The effect of family functionality and socioemotional wealth

Filser, Matthias and De Massis, Alfredo and Gast, Johanna and Kraus, Sascha and Niemand, Thomas (2017) Tracing the roots of innovativeness in family SMEs:The effect of family functionality and socioemotional wealth. The Journal of Product Innovation Management. ISSN 0737-6782

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Abstract

By integrating literature on family functionality, family firms, and socioemotional wealth (SEW), we develop a theoretical model explaining how family functionality and SEW dimensions influence firm innovativeness. Our multigroup structural equation model on two samples of family small and medium-sized enterprises (SMEs) shows that family functionality is positively linked to SEW, whereas divergences emerge on the effect of different SEW dimensions on innovativeness. Binding social ties, the emotional attachment of family members to the firm, and the renewal of family bonds through intrafamily succession positively affect family SME innovativeness, while identification of family members with the firm has a negative effect. By deepening current understanding of the role and functionality of controlling families as determinants of their propensity to preserve SEW and achieve innovativeness, our findings offer important implications for theory and practice, paving the way for future research on SEW and family firm innovation.

Item Type: Journal Article
Journal or Publication Title: The Journal of Product Innovation Management
Uncontrolled Keywords: /dk/atira/pure/subjectarea/asjc/1400/1405
Subjects:
ID Code: 90061
Deposited By: ep_importer_pure
Deposited On: 31 Jan 2018 10:22
Refereed?: Yes
Published?: Published
Last Modified: 19 Feb 2020 04:20
URI: https://eprints.lancs.ac.uk/id/eprint/90061

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