Tracing the Roots of Innovativeness in Family SMEs: The Effect of Family Functionality and Socioemotional Wealth

Filser, M.; De Massis, A.; Gast, J.; Kraus, S.; Niemand, T.

doi:10.1111/jpim.12433

Tracing the Roots of Innovativeness in Family SMEs: The Effect of Family Functionality and Socioemotional Wealth

Filser, M.; De Massis, A.; Gast, J.; Kraus, S.; Niemand, T.

Authors

M. Filser

A. De Massis

J. Gast

S. Kraus

T. Niemand

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.

Citation

Filser, M., De Massis, A., Gast, J., Kraus, S., & Niemand, T. (2017). Tracing the Roots of Innovativeness in Family SMEs: The Effect of Family Functionality and Socioemotional Wealth. Journal of Product Innovation Management, 35(4), 609-628. https://doi.org/10.1111/jpim.12433

Journal Article Type	Article
Acceptance Date	Nov 8, 2017
Online Publication Date	Nov 29, 2017
Publication Date	Jul 31, 2017
Deposit Date	Sep 6, 2019
Publicly Available Date	Nov 29, 2019
Journal	Journal of Product Innovation Management
Print ISSN	0737-6782
Electronic ISSN	1540-5885
Publisher	Wiley
Peer Reviewed	Peer Reviewed
Volume	35
Issue	4
Pages	609-628
DOI	https://doi.org/10.1111/jpim.12433
Public URL	https://durham-repository.worktribe.com/output/1293151

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Copyright Statement
This is the accepted version of the following article: Filser, M., De Massis, A., Gast, J., Kraus, S. & Niemand, T. (2018). Tracing the Roots of Innovativeness in Family SMEs: The Effect of Family Functionality and Socioemotional Wealth. Journal of Product Innovation Management 35(4): 609-628, which has been published in final form at https://doi.org/10.1111/jpim.12433. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for self-archiving.