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Socioemotional Wealth and Financial Performance and Their Impact on Innovation Initiatives in Mexican Family Businesses: A Case Study

In: Intrapreneurship and Sustainable Human Capital

Author

Listed:
  • Jorge A. Duran-Encalada

    (Universidad de las Americas Puebla (UDLAP))

  • Jose A. Vazquez-Villalpando

    (University of Monterrey)

Abstract

This work contributes to understanding the connection between family firms’ goals and interests with the resources and competences they use to carry out entrepreneurial actions connected mainly with innovation. To examine this issue, the authors conducted an explorative-descriptive case study that included two Mexican family firms. The results show that it is possible to find an alignment between financial performance and socioemotional wealth (SEW) and the different types of resources and competences that a family firm displays to reach them. Also, the firm’s entrepreneurial orientation (EO) may serve to moderate this alignment.

Suggested Citation

  • Jorge A. Duran-Encalada & Jose A. Vazquez-Villalpando, 2020. "Socioemotional Wealth and Financial Performance and Their Impact on Innovation Initiatives in Mexican Family Businesses: A Case Study," Studies on Entrepreneurship, Structural Change and Industrial Dynamics, in: João Leitão & António Nunes & Dina Pereira & Veland Ramadani (ed.), Intrapreneurship and Sustainable Human Capital, edition 1, pages 293-310, Springer.
    • Handle: RePEc:spr:seschp:978-3-030-49410-0_16
    DOI: 10.1007/978-3-030-49410-0_16
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