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

Valentina Lazzarotti, Rafaela Gjergji and Federico Visconti

International Journal of Entrepreneurship and Small Business, 2020, vol. 40, issue 1, 54-82

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.

Keywords: family firms; socio-emotional wealth; SEW; young generations; intra-family succession; innovativeness. (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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