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Socioemotional wealth : an obstacle or a springboard to creativity, innovation, and entrepreneurship in family firms?
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Cruz, Cristina, Firfiray, Shainaz, Makri, Marianna and Gómez-Mejía, Luis R. (2015) Socioemotional wealth : an obstacle or a springboard to creativity, innovation, and entrepreneurship in family firms? In: Shalley, Christina E. (Christina Ellen) and Hitt, Michael A. and Zhou, Jing , (eds.) The Oxford Handbook of Creativity, Innovation, and Entrepreneurship : Multilevel Linkages. Oxford: Oxford University Press. ISBN 9780199927678
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Official URL: http://www.oxfordhandbooks.com/view/10.1093/oxford...
Abstract
This chapter takes a socioemotional wealth (SEW) perspective to explain how families influence the sensing and seizing of entrepreneurial opportunities in family firms. Specifically, this model proposes that some aspects of the family's SEW are conducive to opportunity recognition, while others impair it. Moreover, the presence of SEW goals leads family owners to favor certain entrepreneurial outcomes because there is a socioemotional reward for the family, even if there are no clear economic advantages. It is also suggested that family ownership negatively affects firms' transforming capacity in innovation. The end goal of this presentation is to enhance understanding of the positive and negative aspects of the family dimension on entrepreneurship and to guide future research in this area.
| Item Type: | Book Item | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||
| Divisions: | Faculty of Social Sciences > Warwick Business School | ||||
| Library of Congress Subject Headings (LCSH): | Family-owned business enterprises, Entrepreneurship, Technological innovations | ||||
| Publisher: | Oxford University Press | ||||
| Place of Publication: | Oxford | ||||
| ISBN: | 9780199927678 | ||||
| Book Title: | The Oxford Handbook of Creativity, Innovation, and Entrepreneurship : Multilevel Linkages | ||||
| Editor: | Shalley, Christina E. (Christina Ellen) and Hitt, Michael A. and Zhou, Jing | ||||
| Official Date: | June 2015 | ||||
| Dates: |
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| Number: | DOI: 10.1093/oxfordhb/9780199927678.013.0034 | ||||
| Number of Pages: | 560 | ||||
| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access | ||||
| Date of first compliant deposit: | 8 March 2016 | ||||
| Date of first compliant Open Access: | 1 July 2017 | ||||
| Related URLs: |
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