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

Johanna Gast, Matthias Filser, J. Rigtering, Rainer Harms, Sascha Kraus and Man-Ling Chang
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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
Sascha Kraus: Liechtenstein University = Universität Liechtenstein

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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.

Date: 2018-03
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Published in Journal of Small Business Management, 2018, 56 (51), pp.53-67. ⟨10.1111/jsbm.12389⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02057176

DOI: 10.1111/jsbm.12389

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