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Socioemotional Wealth and Innovativeness in Small‐ and Medium‐Sized Family Enterprises: A Configuration Approach

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  • Johanna Gast
  • Matthias Filser
  • J. P. Coen Rigtering
  • Rainer Harms
  • Sascha Kraus
  • Man‐ling Chang

Abstract

What makes small‐ and medium‐sized family firms (family SMEs) innovative? Some family firm dynamics promote, yet others hinder innovation. It remains unclear whether combinations of family firm dynamics increase innovativeness. Our configurational perspective of socioemotional wealth (SEW) unravels determinants of family SMEs' innovativeness. We conduct a fuzzy set qualitative comparative analysis with 452 Swiss family SMEs. We categorize SEW dimensions into configurations of necessary and sufficient conditions. We contribute to theory on family SMEs' innovativeness because we reveal that the interplay of SEW dimensions leads to innovativeness. This offers practitioners a better framework to choose between SEW configurations.

Suggested Citation

  • Johanna Gast & Matthias Filser & J. P. Coen Rigtering & Rainer Harms & Sascha Kraus & Man‐ling Chang, 2018. "Socioemotional Wealth and Innovativeness in Small‐ and Medium‐Sized Family Enterprises: A Configuration Approach," Journal of Small Business Management, Taylor & Francis Journals, vol. 56(S1), pages 53-67, March.
    • Handle: RePEc:taf:ujbmxx:v:56:y:2018:i:s1:p:53-67
    DOI: 10.1111/jsbm.12389
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    Cited by:

    1. Szewczyk, Justin & Kurzhals, Christopher & Graf-Vlachy, Lorenz & Kammerlander, Nadine & König, Andreas, 2022. "The family innovator’s dilemma revisited: Examining the association between family influence and incumbents’ adoption of discontinuous technologies," Journal of Family Business Strategy, Elsevier, vol. 13(4).

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