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

Author

Listed:
  • Johanna Gast

    (MRM - Montpellier Research in Management - UPVM - Université Paul-Valéry - Montpellier 3 - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School - UM - Université de Montpellier)

  • Matthias Filser

    (Liechtenstein University = Universität Liechtenstein)

  • J. Rigtering
  • Rainer Harms
  • Sascha Kraus

    (Liechtenstein University = Universität Liechtenstein)

  • 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. Rigtering & Rainer Harms & Sascha Kraus & Man-Ling Chang, 2018. "Socioemotional Wealth and Innovativeness in Small- and Medium-Sized Family Enterprises: A Configuration Approach," Post-Print hal-02057176, HAL.
    • Handle: RePEc:hal:journl:hal-02057176
    DOI: 10.1111/jsbm.12389
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