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The Reciprocal Relationship of Innovation Capabilities and Socioemotional Wealth in a Family Firm

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  • Sarah Fitz‐koch
  • Mattias Nordqvist

Abstract

This paper deals with entrepreneurship in family firms by researching how technology‐based innovation capabilities influence the socioemotional dimensions of the owning family and vice versa. In combination with dynamic capabilities, the socioemotional wealth (SEW) perspective offers a framework that enables an investigation of the nature of innovation capabilities in family firms. Studying a single firm, we identify a positive reciprocal relationship between innovation capabilities and SEW. We find that this reciprocal relationship within the family business presents itself in a synergistic fashion, yielding synergies between financial wealth and SEW. The findings contribute to the literature on entrepreneurship and innovation in family businesses.

Suggested Citation

  • Sarah Fitz‐koch & Mattias Nordqvist, 2017. "The Reciprocal Relationship of Innovation Capabilities and Socioemotional Wealth in a Family Firm," Journal of Small Business Management, Taylor & Francis Journals, vol. 55(4), pages 547-570, October.
    • Handle: RePEc:taf:ujbmxx:v:55:y:2017:i:4:p:547-570
    DOI: 10.1111/jsbm.12343
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    Citations

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    Cited by:

    1. Xie, Peijun & Wang, Jian & Tang, Shiyi & Shahzadi, Irum & Bilan, Yuriy, 2025. "How does intergenerational transmission affect green innovation? Evidence from Chinese family businesses," Structural Change and Economic Dynamics, Elsevier, vol. 73(C), pages 158-169.
    2. Gjergji, Rafaela & Brunelli, Sofia & Sciascia, Salvatore, 2025. "A systematic literature review on family business capabilities," Journal of Business Research, Elsevier, vol. 201(C).
    3. Angela Dettori & Michela Floris, 2023. "Improving continuity by simplifying the structure of family firms: a replication study," Management Review Quarterly, Springer, vol. 73(2), pages 635-660, June.
    4. Samuel Appleton & Marco Mismetti & Dominik Matt & Alfredo De Massis, 2025. "Unpacking willingness in family firms facing the digital transformation," Small Business Economics, Springer, vol. 65(4), pages 2301-2330, December.
    5. Aklilu Tukela Bekata & Chalchissa Amentie Kero, 2025. "The effects of customer orientation and entrepreneurial orientation on SMEs performance: the mediating role of innovation capabilities. The methodological moderators’ comparative study," Journal of Innovation and Entrepreneurship, Springer, vol. 14(1), pages 1-32, December.
    6. Gundula Glowka & Richard Hule & Anita Zehrer, 2024. "Risk perception of SMEs: strategic risks, family-related risks, external risks," Risk Management, Palgrave Macmillan, vol. 26(4), pages 1-27, December.
    7. Sun, Lan & Liu, Shaobo & Ouyang, Ruolan & Zhao, Yang, 2024. "Innovation at the helm: Decoding founder-manager influence in Chinese family firms," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
    8. Reina, Walter & Pla-Barber, José & Villar, Cristina, 2023. "Socioemotional wealth in family business research: A systematic literature review on its definition, roles and dimensions," European Management Journal, Elsevier, vol. 41(6), pages 1000-1020.
    9. Leonidou, Leonidas C. & Eteokleous, Pantelitsa P. & Christodoulides, Paul & Strømfeldt Eduardsen, Jonas, 2023. "A dynamic capabilities perspective to socially responsible family business: Implications on social-based advantage and market performance," Journal of Business Research, Elsevier, vol. 155(PA).
    10. Giorgia Maria D’Allura & Fabio Quarato & Giovanni Battista Dagnino & Elisabetta Merlo, 2025. "Detecting the key role of the family in explaining corporate heritage use in family firms," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 29(3), pages 635-667, September.

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