IDEAS home Printed from https://ideas.repec.org/a/ris/tecemp/2414.html
   My bibliography  Save this article

Nurturing seeds of innovation: the relationship between entrepreneurial orientation and socio-emotional wealth and its implications for family business innovation

Author

Listed:
  • Caicedo-Leitón, Ana Lucia

    (Public University of Navarra, Spain)

  • Villanueva, Nuria

    (Public University of Navarra, Spain)

  • Garcés-Galdeano, Lucía

    (Public University of Navarra, Spain)

Abstract

This research examines the relationship between the transmission of entrepreneurial orientation (EO) and socio-emotional wealth (SEW), and their implications for family firms' innovation. To achieve this, a single case study was conducted on a Spanish family business through interviews and document review. Data were analyzed using thematic and critical incident analysis. The findings of the case study underscore that the relationship between entrepreneurial orientation and socio-emotional wealth is intricate and has significant implications for innovation. The dynamic relationship between entrepreneurial orientation and socio-emotional wealth is characterized by a mutually reinforcing symbiosis, which contributes to ensure the long-term survival of the analyzed family business.

Suggested Citation

  • Caicedo-Leitón, Ana Lucia & Villanueva, Nuria & Garcés-Galdeano, Lucía, 2024. "Nurturing seeds of innovation: the relationship between entrepreneurial orientation and socio-emotional wealth and its implications for family business innovation," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 18(3), pages 12-34.
    • Handle: RePEc:ris:tecemp:2414
    as

    Download full text from publisher

    File URL: https://revistas.tec.ac.cr/index.php/tec_empresarial/article/view/7283
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. David G. Sirmon & Michael A. Hitt, 2003. "Managing Resources: Linking Unique Resources, Management, and Wealth Creation in Family Firms," Entrepreneurship Theory and Practice, , vol. 27(4), pages 339-358, October.
    2. Hernández-Perlines, Felipe & Covin, Jeffrey G. & Ribeiro-Soriano, Domingo E., 2021. "Entrepreneurial orientation, concern for socioemotional wealth preservation, and family firm performance," Journal of Business Research, Elsevier, vol. 126(C), pages 197-208.
    3. Felipe Hernández-Perlines & Antonio Ariza-Montes & Luis Araya-Castillo, 2020. "Socioemotional wealth, entrepreneurial orientation and international performance of family firms," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 33(1), pages 3125-3145, January.
    4. Debellis, Francesco & Rondi, Emanuela & Plakoyiannaki, Emmanuella & De Massis, Alfredo, 2021. "Riding the waves of family firm internationalization: A systematic literature review, integrative framework, and research agenda," Journal of World Business, Elsevier, vol. 56(1).
    5. Franz W. Kellermanns & Kimberly A. Eddleston, 2006. "Corporate Entrepreneurship in Family Firms: A Family Perspective," Entrepreneurship Theory and Practice, , vol. 30(6), pages 809-830, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chen, Shihui & Wu, Bingde & Liao, Zhongju & Chen, Ling, 2022. "Does familial decision control affect the entrepreneurial orientation of family firms? The moderating role of family relationships," Journal of Business Research, Elsevier, vol. 152(C), pages 60-69.
    2. Mondal, Arindam & Ray, Sougata & Lahiri, Somnath, 2022. "Family ownership, family management, and multinationality: Evidence from India," Journal of Business Research, Elsevier, vol. 138(C), pages 347-359.
    3. Jaskiewicz, Peter & Combs, James G. & Rau, Sabine B., 2015. "Entrepreneurial legacy: Toward a theory of how some family firms nurture transgenerational entrepreneurship," Journal of Business Venturing, Elsevier, vol. 30(1), pages 29-49.
    4. Salvatore Sciascia & Pietro Mazzola & Joseph Astrachan & Torsten Pieper, 2012. "The role of family ownership in international entrepreneurship: exploring nonlinear effects," Small Business Economics, Springer, vol. 38(1), pages 15-31, January.
    5. Chris Carr & Suzanne Bateman, 2009. "International Strategy Configurations of the World’s Top Family Firms," Management International Review, Springer, vol. 49(6), pages 733-758, December.
    6. Arregle, Jean-Luc & Calabrò, Andrea & Hitt, Michael A. & Kano, Liena & Schwens, Christian, 2024. "Family business and international business: Breaking silos and establishing a rigorous way forward," Journal of World Business, Elsevier, vol. 59(3).
    7. Noni Symeonidou & Dawn R. DeTienne & Francesco Chirico, 2022. "The persistence of family firms: How does performance threshold affect family firm exit?," Small Business Economics, Springer, vol. 59(2), pages 477-489, August.
    8. Randerson, Kathleen & Bettinelli, Cristina & Fayolle, Alain & Anderson, Alistair, 2015. "Family entrepreneurship as a field of research: Exploring its contours and contents," Journal of Family Business Strategy, Elsevier, vol. 6(3), pages 143-154.
    9. Kosmidou, Vasiliki & Holt, Daniel T., 2022. "The relationship between family management and performance: A configurational approach in exploring the role of socioemotional wealth and generational stage," Journal of Family Business Strategy, Elsevier, vol. 13(4).
    10. Alexandra Bertschi-Michel & Philipp Sieger & Thomas Wittig & Andreas Hack, 2023. "Sacrifice, Protect, and Hope for the Best: Family Ownership, Turnaround Moves, and Crisis Survival," Entrepreneurship Theory and Practice, , vol. 47(4), pages 1132-1168, July.
    11. Sami Basly & Amira Hammouda, 2020. "Family Businesses and Digital Entrepreneurship Adoption: A Conceptual Model," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 29(2), pages 326-364, September.
    12. Wu, Sihong & Chirico, Francesco & Fan, Di & Ding, Jiayan & Su, Yiyi, 2024. "Foreign market exit in family firms: Do historical military and cultural frictions matter?," Journal of World Business, Elsevier, vol. 59(1).
    13. Herrera-Echeverri, Hernán & Geleilate, Jose Galli & Gaitan-Riaño, Sandra & Haar, Jerry & Soto-Echeverry, Nidia, 2016. "Export behavior and board independence in Colombian family firms: The reverse causality relationship," Journal of Business Research, Elsevier, vol. 69(6), pages 2018-2029.
    14. Jelle Schepers & Wim Voordeckers & Tensie Steijvers & Eddy Laveren, 2020. "Long-Term Orientation as a Resource for Entrepreneurial Orientation in Private Family Firms: The Need for Participative Decision Making," Sustainability, MDPI, vol. 12(13), pages 1-22, July.
    15. Ismael Barros-Contreras & Jesús Manuel Palma-Ruiz & Angel Torres-Toukoumidis, 2021. "Organizational Capabilities for Family Firm Sustainability: The Role of Knowledge Accumulation and Family Essence," Sustainability, MDPI, vol. 13(10), pages 1-17, May.
    16. César Camisón-Zornoza & Beatriz Forés-Julián & Alba Puig-Denia & Sergio Camisón-Haba, 0. "Effects of ownership structure and corporate and family governance on dynamic capabilities in family firms," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-34.
    17. Ismael Barros-Contreras & Héctor Pérez-Fernández & Natalia Martín-Cruz & Juan Hernangómez B., 2023. "Can we make family social capital flourish? The moderating role of generational involvement," Journal of Family and Economic Issues, Springer, vol. 44(3), pages 655-673, September.
    18. D’Allura, Giorgia Maria, 2019. "The leading role of the top management team in understanding family firms: Past research and future directions," Journal of Family Business Strategy, Elsevier, vol. 10(2), pages 87-104.
    19. Dan Wang & Zhongyuan Zhang, 2022. "Disassembling the influences of perceived family relational conflict on business family offspring’s intrapreneurial intentions," International Entrepreneurship and Management Journal, Springer, vol. 18(1), pages 153-189, March.
    20. Jorge A. Durán-Encalada & Juan M. San Martin-Reyna & Héctor Montiel-Campos, 2012. "A Research Proposal to Examine Entrepreneurship in Family Business," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 8(3), pages 58-77.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:tecemp:2414. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Esteban Lafuente (email available below). General contact details of provider: https://edirc.repec.org/data/eaitccr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.