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Socio-emotional wealth and innovativeness in Italian family firms: what happens when the leader is a latest-generation member?

Author

Listed:
  • Valentina Lazzarotti
  • Rafaela Gjergji
  • Federico Visconti

Abstract

In this study, we attempt a further step in understanding the effect of different socio-emotional (SEW) dimensions on family firm innovativeness by focusing on a particular player, i.e., the young leader who belongs to the last generation of family managers and who is increasingly engaged in the firm management. After surveying young leaders' non-economic goals with respect to those of senior members in a sample of Italian family firms, such goals are analysed in relation to the level of firm innovativeness. Obtained through a hierarchical regression, results show that two SEW dimensions above all characterise young leaders when they foster innovation: a low emotional attachment on one hand, a high attention to nurture binding social ties on the other.

Suggested Citation

  • Valentina Lazzarotti & Rafaela Gjergji & Federico Visconti, 2020. "Socio-emotional wealth and innovativeness in Italian family firms: what happens when the leader is a latest-generation member?," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 40(1), pages 54-82.
    • Handle: RePEc:ids:ijesbu:v:40:y:2020:i:1:p:54-82
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    Cited by:

    1. Gerken, Maike & Hülsbeck, Marcel & Ostermann, Thomas & Hack, Andreas, 2022. "Validating the FIBER scale to measure family firm heterogeneity – A replication study with extensions," Journal of Family Business Strategy, Elsevier, vol. 13(4).
    2. Sherlock, Chelsea & Dibrell, Clay & Memili, Esra, 2023. "The impact of family commitment on firm innovativeness: The mediating role of resource stocks," Journal of Family Business Strategy, Elsevier, vol. 14(3).
    3. María del Pilar Casado-Belmonte & María de las Mercedes Capobianco-Uriarte & Rubén Martínez-Alonso & María J. Martínez-Romero, 2021. "Delineating the Path of Family Firm Innovation: Mapping the Scientific Structure," Review of Managerial Science, Springer, vol. 15(8), pages 2455-2499, November.

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