Publication: Unity or commitment: A generational view of innovation in family firms.
Authors
Meroño-Cerdán, Angel Luís
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Facultades, Departamentos, Servicios y Escuelas::Departamentos de la UMU::Organización de Empresas y Finanzas
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Publisher
Wiley
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DOI
https://doi.org/10.1111/emre.12571
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info:eu-repo/semantics/article
Description
© 2023 The Author
This document is the published version of a published work that appeared in final form in
European Management Review
This document is made available under the CC-BY-NC 4.0 license http://creativecommons.org/licenses/by-nc/4.0
To access the final edited and published work see:
https://doi.org/10.1111/emre.12571
Abstract
Taking a qualitative approach, this study aims to identify the effects of family involvement on firms' innovation decisions and examine how this relationship is affected by the presence or absence of firm founders. Content analysis facilitates building a map to identify two modes of family influence on business and innovation: the business-first and family-first modes. In the former, commitment and long-term orientation encourage innovation as the principal means of survival, especially when the founder is no longer present. In the latter, unity constrains innovation, most commonly in firms led by a present founder. In contrast to the tenets of the socioemotional wealth approach, a first-generation family firm may suffer from myopia when family interests prevail over the firm's interests, even when business continuity is at stake.
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Citation
European Management Review, 21(1), 166-185
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