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Innovation in family firms: The relative effects of wealth concentration versus family-centered goals

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dc.contributor.authorBecerra, Manuel
dc.contributor.authorGraves, Chris
dc.contributor.authorCruz, Cristina
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2024-07-02T16:11:29Z
dc.date.available2024-07-02T16:11:29Z
dc.date.issued2020-12-01
dc.description.abstractDrawing on agency and behavioral perspectives, we disentangle two critical determinants of innovation strategies among family firms, namely, the family's wealth concentration in its business (WC) and the family's emphasis on family-centered goals. Our results from a survey of Australian family firms show opposite and completely independent effects of WC and family-centered non-economic goals (FCG-NE) on family firms' innovation strategies. While higher WC is negatively associated with firm innovation, a greater emphasis placed on FCG-NE has a positive impact, which seems to be the key determinant of innovation strategies in family firms.
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dc.identifier.citationBecerra, M., Cruz, C., & Graves, C. (2020). Innovation in family firms: The relative effects of wealth concentration versus family-centered goals. Family Business Review, 33(4), 372-392.
dc.identifier.doihttps://doi.org/10.1177/0894486520953700
dc.identifier.issn0894-4865
dc.identifier.urihttps://hdl.handle.net/20.500.14417/2891
dc.issue.number4
dc.journal.titleFamily Business Review
dc.language.isoeng
dc.licensehttps://creativecommons.org/licenses/by-nd-nc/1.0/legalcode
dc.page.total372–392
dc.publisherSAGE
dc.relation.departmentEntrepreneurship
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution Non Commercial No Derivatives 1.0 Generic
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nd-nc/1.0/legalcode
dc.subject.keywordFamily firm
dc.subject.keywordInnovation
dc.subject.keywordSocioemotional wealth
dc.subject.keywordFamily-centered goals
dc.subject.keywordWealth concentration
dc.subject.otherFamily firm;Innovation;Socioemotional wealth;Family-centered goals;Wealth concentration
dc.titleInnovation in family firms: The relative effects of wealth concentration versus family-centered goals
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/acceptedVersion
dc.volume.number33
dspace.entity.typePublication
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