Innovation in family firms: The relative effects of wealth concentration versus family-centered goals

Drawing on agency and behavioral perspectives, we disentangle two critical determinants of innovation strategies among family firms, namely, the family's wealth concentration in its business (WC) and the family's emphasis on family-centered goals. Our results from a survey of Australian fa...

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Detalles Bibliográficos
Autores: Becerra, Manuel, Graves, Chris, Cruz, Cristina
Tipo de recurso: artículo
Fecha de publicación:2020
País:España
Institución:IE
Repositorio:Repositorio IE
OAI Identifier:oai:repositorio.ie.edu:20.500.14417/2891
Acceso en línea:https://doi.org/10.1177/0894486520953700
https://hdl.handle.net/20.500.14417/2891
Access Level:acceso abierto
Palabra clave:Family firm
Innovation
Socioemotional wealth
Family-centered goals
Wealth concentration
53 Ciencias Económicas::5311 Organización y dirección de empresas
ODS 9 - Industria, innovación e infraestructura
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oai_identifier_str oai:repositorio.ie.edu:20.500.14417/2891
network_acronym_str ES
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repository_id_str
spelling Innovation in family firms: The relative effects of wealth concentration versus family-centered goalsBecerra, ManuelGraves, ChrisCruz, CristinaFamily firmInnovationSocioemotional wealthFamily-centered goalsWealth concentrationFamily firmInnovationSocioemotional wealthFamily-centered goalsWealth concentration53 Ciencias Económicas::5311 Organización y dirección de empresasODS 9 - Industria, innovación e infraestructuraDrawing on agency and behavioral perspectives, we disentangle two critical determinants of innovation strategies among family firms, namely, the family's wealth concentration in its business (WC) and the family's emphasis on family-centered goals. Our results from a survey of Australian family firms show opposite and completely independent effects of WC and family-centered non-economic goals (FCG-NE) on family firms' innovation strategies. While higher WC is negatively associated with firm innovation, a greater emphasis placed on FCG-NE has a positive impact, which seems to be the key determinant of innovation strategies in family firms.yesPublishedSAGEhttps://ror.org/02jjdwm75202420242020info:eu-repo/semantics/articleapplication/pdfapplication/pdfhttps://doi.org/10.1177/0894486520953700https://hdl.handle.net/20.500.14417/2891reponame:Repositorio IEinstname:IEInglésIE Business SchoolIE UniversityEntrepreneurshipAttribution-NoDerivs-NonCommercial 1.0 Generichttps://creativecommons.org/licenses/by-nd-nc/1.0/legalcodeinfo:eu-repo/semantics/openAccessoai:repositorio.ie.edu:20.500.14417/28912026-06-15T12:40:57Z
dc.title.none.fl_str_mv Innovation in family firms: The relative effects of wealth concentration versus family-centered goals
title Innovation in family firms: The relative effects of wealth concentration versus family-centered goals
spellingShingle Innovation in family firms: The relative effects of wealth concentration versus family-centered goals
Becerra, Manuel
Family firm
Innovation
Socioemotional wealth
Family-centered goals
Wealth concentration
Family firm
Innovation
Socioemotional wealth
Family-centered goals
Wealth concentration
53 Ciencias Económicas::5311 Organización y dirección de empresas
ODS 9 - Industria, innovación e infraestructura
title_short Innovation in family firms: The relative effects of wealth concentration versus family-centered goals
title_full Innovation in family firms: The relative effects of wealth concentration versus family-centered goals
title_fullStr Innovation in family firms: The relative effects of wealth concentration versus family-centered goals
title_full_unstemmed Innovation in family firms: The relative effects of wealth concentration versus family-centered goals
title_sort Innovation in family firms: The relative effects of wealth concentration versus family-centered goals
dc.creator.none.fl_str_mv Becerra, Manuel
Graves, Chris
Cruz, Cristina
author Becerra, Manuel
author_facet Becerra, Manuel
Graves, Chris
Cruz, Cristina
author_role author
author2 Graves, Chris
Cruz, Cristina
author2_role author
author
dc.contributor.none.fl_str_mv https://ror.org/02jjdwm75
dc.subject.none.fl_str_mv Family firm
Innovation
Socioemotional wealth
Family-centered goals
Wealth concentration
Family firm
Innovation
Socioemotional wealth
Family-centered goals
Wealth concentration
53 Ciencias Económicas::5311 Organización y dirección de empresas
ODS 9 - Industria, innovación e infraestructura
topic Family firm
Innovation
Socioemotional wealth
Family-centered goals
Wealth concentration
Family firm
Innovation
Socioemotional wealth
Family-centered goals
Wealth concentration
53 Ciencias Económicas::5311 Organización y dirección de empresas
ODS 9 - Industria, innovación e infraestructura
description Drawing on agency and behavioral perspectives, we disentangle two critical determinants of innovation strategies among family firms, namely, the family's wealth concentration in its business (WC) and the family's emphasis on family-centered goals. Our results from a survey of Australian family firms show opposite and completely independent effects of WC and family-centered non-economic goals (FCG-NE) on family firms' innovation strategies. While higher WC is negatively associated with firm innovation, a greater emphasis placed on FCG-NE has a positive impact, which seems to be the key determinant of innovation strategies in family firms.
publishDate 2020
dc.date.none.fl_str_mv 2020
2024
2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://doi.org/10.1177/0894486520953700
https://hdl.handle.net/20.500.14417/2891
url https://doi.org/10.1177/0894486520953700
https://hdl.handle.net/20.500.14417/2891
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv IE Business School
IE University
Entrepreneurship
dc.rights.none.fl_str_mv Attribution-NoDerivs-NonCommercial 1.0 Generic
https://creativecommons.org/licenses/by-nd-nc/1.0/legalcode
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Attribution-NoDerivs-NonCommercial 1.0 Generic
https://creativecommons.org/licenses/by-nd-nc/1.0/legalcode
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv SAGE
publisher.none.fl_str_mv SAGE
dc.source.none.fl_str_mv reponame:Repositorio IE
instname:IE
instname_str IE
reponame_str Repositorio IE
collection Repositorio IE
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,812455

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