1,550
Views
2
CrossRef citations to date
0
Altmetric
Articles

Socioemotional wealth and the innovativeness of family SMEs in the United Arab Emirates

ORCID Icon & ORCID Icon
Pages 158-181 | Received 04 May 2020, Accepted 04 May 2021, Published online: 04 Jun 2021

References

  • Agyapong, A., F. Ellis, and D. Domeher. 2016. “Competitive Strategy and Performance of Family Businesses: moderating Effect of Managerial andInnovative Capabilities.” Journal of Small Business & Entrepreneurship 28 (6): 449–477.
  • Alberti, F. G., and E. Pizzurno. 2013. “Technology, Innovation and Performance in Family Firms.” International Journal of Entrepreneurship and Innovation Management 17 (1/2/3): 142–161.
  • Anderson, B. S., P. M. Kreiser, D. F. Kuratko, J. S. Hornsby, and Y. Eshima. 2015. “Reconceptualizing Entrepreneurial Orientation.” Strategic Management Journal 36 (10): 1579–1596.
  • Anderson, R. C., and D. M. Reeb. 2004. “Board Composition: Balancing Family Influence in S&P 500 Firms.” Administrative Science Quarterly 49 (2): 209–237.
  • Attride-Stirling, J. 2001. “Thematic Networks: An Analytic Tool for Qualitative Research.” Qualitative Research 1 (3): 385–405.
  • Basco, R. 2017. “Where Do You Want to Take Your Family Firm? A Theoretical and Empirical Exploratory Study of Family Business Goals.” BRQ Business Research Quarterly 20 (1): 28–44.
  • Bergfeld, M. M. H., and F. M. Weber. 2011. “Dynasties of Innovation: Highly Performing German Family Firms and the Owners’ Role for Innovation.” International Journal of Entrepreneurship and Innovation Management 13 (1): 80–94.
  • Berrone, P., C. Cruz, and L. R. Gómez-Mejía. 2012. “Socio-Emotional Wealth in Family Firms: Theoretical Dimensions, Assessment Approaches, and Agenda for Future Research.” Family Business Review 25 (3): 258–279.
  • Berrone, P., C. Cruz, and L. R. Gómez-Mejía. 2014. “Family-Controlled Firms and Stakeholder Management: A Socioemotional Wealth Preservation Perspective.” Chapter 10 in the Sage Handbook of Family Business, edited by L. Melin, M. Nordqvist, and P. Sharma, 179–195. Hershey, PA, USA: IGI Global.
  • Block, J. 2012. “R&D Investments in Family and Founder Firms: An Agency Perspective.” Journal of Business Venturing 27 (2): 248–265.
  • Block, J., D. Miller, P. Jaskiewicz, and F. Spiegel. 2013. “Economic and Technological Importance of Innovations in Large Family and Founder Firms: An Analysis of Patent Data.” Family Business Review 26 (2): 180–199.
  • Blomback, A., and C. Wigren. 2009. “Challenging the Importance of Size as a Determinant of CSR Activities.” Management of Environmental Quality: An International Journal 20 (3): 255–270.
  • Brem, A., and K. I. Voigt. 2009. “Integration of Market Pull and Technology Push in the Corporate Front End and Innovation Management—Insights from the German Software Industry.” Technovation 29 (5): 351–367.
  • Brigham, K. H., and G. T. Payne. 2019. “Socioemotional Wealth (SEW): Questions on Construct Validity.” Family Business Review 32 (4): 326–329.
  • Calabrò, Andrea, Mariangela Vecchiarini, Johanna Gast, Giovanna Campopiano, Alfredo Massis, and Sascha Kraus. 2019. “Innovation in Family Firms: A Systematic Literature Review and Guidance for Future Research.” International Journal of Management Reviews 21 (3): 317–355.
  • Camisón, C., and A. Villar-López. 2014. “Organizational Innovation as an Enabler of Technological Innovation Capabilities and Firm Performance.” Journal of Business Research 67 (1): 2891–2902.
  • Cavana, R. Y., B. L. Delahaye, and U. Sekaran. 2001. Applied Business Research – Qualitative and Quantitative Methods, Milton, Australia: Wiley.
  • Chirico, F. 2008. “Knowledge Accumulation in Family Firms – Evidence from Four Case Studies.” International Small Business Journal: Researching Entrepreneurship 26 (4): 433–462.
  • Chirico, F., and C. Salvato. 2016. “Knowledge Internalization and Product Development in Family Firms: When Relational and Affective Factors Matter.” Entrepreneurship Theory and Practice 40 (1): 201–229.
  • Chrisman, J. J., J. H. Chua, A. De Massis, F. Frattini, and M. Wright. 2015. “The Ability and Willingness Paradox in Family Firm Innovation.” Journal of Product Innovation Management 32 (3): 310–318.
  • Chrisman, J. J., and P. C. Patel. 2012. “Variations in R&D Investments of Family and Nonfamily Firms: Behavioral Agency and Myopic Loss Aversion Perspectives.” Academy of Management Journal 55 (4): 976–997.
  • Chu, W. 2011. “Family Ownership and Firm Performance: Influence of Family Management, Family Control, and Firm Size.” Asia Pacific Journal of Management 28 (4): 833–851.
  • Classen, N., A. Van Gils, Y. Bammens, and M. Carree. 2012. “Accessing Resources from Innovation Partners: The Search Breadth of Family SMEs.” Journal of Small Business Management 50 (2): 191–215.
  • Clifford, M., V. Nilakant, and R. T. Hamilton. 1991. “Management Succession and the Stages of Small Business Development.” International Small Business Journal: Researching Entrepreneurship 9 (4): 43–55.
  • Cohen, W. M., and S. Klepper. 1996. “Firm Size and the Nature of Innovation within Industries: The Case of Process and Product R&D.” The Review of Economics and Statistics 78 (2): 232–243.
  • Covin, J., F. Eggers, S. Kraus, C. Cheng, and M. Cheng. 2016. “Marketing-Related Resources and Radical Innovativeness in Family and Non-Family Firms: A Configurational Approach.” Journal of Business Research 69 (12): 5620–5627.
  • Craig, J. B., and S. L. Newbert. 2020. “Reconsidering Socioemotional Wealth: A Smithian-Inspired Socio-Economic Theory of Decision-Making in the Family Firm.” Journal of Family Business Strategy 11 (4): 100353.
  • Cruz, C., and M. Nordqvist. 2012. “Entrepreneurial Orientation in Family Firms: A Generational Perspective.” Small Business Economics 38 (1): 33–49.
  • De Massis, A., F. Frattini, E. Pizzurno, and L. Cassia. 2015. “Product Innovation in Family versus Nonfamily Firms: An Exploratory Analysis.” Journal of Small Business Management 53 (1): 1–36.
  • De Massis, A., and J. Kotlar. 2014. “The Case Study Method in Family Business Research: Guidelines for Qualitative Scholarship.” Journal of Family Business Strategy 5 (1): 15–29.
  • Debicki, B. J., Graaff Van de, R. Randolph, and M. Sobczak. 2017. “Socioemotional Wealth and Family Firm Performance: A Stakeholder Approach.” Journal of Managerial Issues 29 (1): 82–111.
  • Di Stefano, G., A. Gambardella, and G. Verona. 2012. “Technology Push and Demand Pull Perspectives in Innovation Studies: Current Findings and Future Research Directions.” Research Policy 41 (8): 1283–1295.
  • Dibrell, C., and E. Memili. 2019. “A Brief History and a Look to the Future of Family Business Heterogeneity: An Introduction.” In The Palgrave Handbook of Heterogeneity among Family Firms, edited by C. Dibrell and E. Memili, 1–15. New York: Palgrave Macmillan.
  • Duran, P., N. Kammerlander, M. Van Essen, and T. Zellweger. 2016. “Doing More with Less: Innovation Input and Output in Family Firms.” Academy of Management Journal 59 (4): 1224–1264.
  • Eggers, F., M. Kraus, M. Hughes, S. Laraway, and S. Snycerski. 2013. “Implications of Customer and Entrepreneurial Orientations for SME Growth.” Management Decision 51 (3): 524–546.
  • Fahed-Sreih, J., and A. N. El-Kassar. 2017. “Strategic Planning, Performance and Innovative Capabilities of Non-Family Members in Family Businesses.” International Journal of Innovation Management 21 (07): 1750052.
  • Fang, H. C., R. V. Randolph, E. Memili, and J. J. Chrisman. 2016. “Does Size Matter? The Moderating Effects of Firm Size on the Employment of Nonfamily Managers in Privately Held Family SMEs.” Entrepreneurship Theory and Practice 40 (5): 1017–1039.
  • Fernández, Z., and M. J. Nieto. 2005. “Internationalization Strategy of Small and Medium-Sized Family Businesses: Some Influential Factors.” Family Business Review 18 (1): 77–89.
  • Filser, M., A. De Massis, J. Gast, S. Kraus, and T. Niemand. 2018. “Tracing the Roots on Innovativeness in Family SMEs: The Effect of Family Functionality and Socioemotional Wealth.” Journal of Product Innovation Management 35 (4): 609–628.
  • Fox, M., V. Nilakant, and R. Hamilton. 1996. “Managing Succession in the Family-Owned Business.” International Small Business Journal: Researching Entrepreneurship 15 (1): 15–25.
  • Gast, J., M. Filser, J. P. Coen Rigtering, R. Harms, S. Kraus, and M.-L. Chang. 2018. “Socioemotional Wealth and Innovativeness in Small- and Medium-Sized Family Enterprises: A Configuration Approach.” Journal of Small Business Management 56 (Sup 1): 53–67.
  • Gibbert, M., W. Ruigrok, and B. Wicki. 2008. “What Passes as a Rigorous Case Study?” Strategic Management Journal 29 (13): 1465–1474.
  • Gilding, M., S. Gregory, and B. Cosson. 2015. “Motives and Outcomes in Family Business Succession Planning.” Entrepreneurship Theory and Practice 39 (2): 299–312.
  • Gioia, D., K. Corley, and A. Hamilton. 2013. “Seeking Qualitative Rigor in Inductive Research: Notes on the Gioia Methodology.” Organizational Research Methods 16 (1): 15–31.
  • Gómez-Mejía, L. R., C. Cruz, P. Berrone, and J. De Castro. 2011a. “The Bind That Ties: Socio-Emotional Wealth Preservation in Family Firms.” Academy of Management Annals 5 (1): 653–707.
  • Gómez-Mejía, L. R., K. T. Haynes, M. Núñez-Nickel, K. J. Jacobson, and J. Moyano-Fuentes. 2007. “Socio-Emotional Wealth and Business Risks in Family-Controlled Firms: Evidence from Spanish Olive Oil Mills.” Administrative Science Quarterly 52 (1): 106–137.
  • Gómez-Mejía, L. R., R. E. Hoskisson, M. Makri, D. G. Sirmon, and J. T. Campbell. 2011b. “Innovation and the Preservation of Socio-Emotional Wealth: The Paradox of R&D Investment in Family Controlled High Technology Firms.” Unpublished manuscript. Mays Business School, Texas A&M University.
  • Gómez-Mejía, L. R., I. Neacsu, and G. Martin. 2019. “CEO Risk-Taking and Socioemotional Wealth: The Behavioral Agency Model, Family Control, and CEO Option Wealth.” Journal of Management 45 (4): 1713–1738.
  • Graebner, M., and K. Eisenhardt. 2004. “The Seller’s Side of the Story: acquisition as Courtship and Governance as Syndicate in Entrepreneurial Firms.” Administrative Science Quarterly 49 (3): 336–403.
  • Grundström, C., C. Öberg, and A. Ö. Rönnbäck. 2012. “Family-Owned Manufacturing SMEs and Innovativeness: A Comparison between within-Family Successions and External Takeovers.” Journal of Family Business Strategy 3 (3): 162–173.
  • Gu, Q., J. W. Lu, and C. N. Chung. 2019. “Incentive or Disincentive? A Socioemotional Wealth Explanation of New Industry Entry in Family Business Groups.” Journal of Management 45 (2): 645–672.
  • Gupta, V., N. Levenburg, L. Moore, J. Motwani, and T. V. Schwarz. 2010. “Family Business in Sub-Saharan Africa versus the Middle East.” Journal of African Business 11 (2): 146–162.
  • Habbershon, T. 2006. “Commentary: A Framework for Managing the Familiness and Agency Advantage in Family Firms.” Entrepreneurship Theory and Practice 30 (6): 879–886.
  • Hall, A., and M. Nordqvist. 2008. “Professional Management in Family Businesses: Toward and Extended Understanding.” Family Business Review 21 (1): 51–69.
  • Hauck, J., and R. Prügl. 2015. “Innovation Activities during Intra-Family Leadership Succession in Family Firms: An Empirical Study from a Socio-Emotional Wealth Perspective.” Journal of Family Business Strategy 6 (2): 104–118.
  • Herrera, L., and G. Sánchez-González. 2013. “Firm Size and Innovation Policy.” International Small Business Journal: Researching Entrepreneurship 31 (2): 137–155.
  • Howorth, C., and E. Hamilton. 2012. “Family Businesses.” In Enterprise and Small Business, edited by S. Carter and D. Jones-Evans, 3rd ed., 232–251. Harlow, UK: Pearson Educational.
  • Howorth, C., M. Rose, E. Hamilton, and P. Westhead. 2010. “Family Firm Diversity and Development: An Introduction.” International Small Business Journal: Researching Entrepreneurship 28 (5): 437–451.
  • Hsu, L. C., and H. C. Chang. 2011. “The Role of Behavioural Strategic Controls in Family Firm Innovation.” Industry & Innovation 18 (7): 709–727.
  • Hu, Q., and M. Hughes. 2020. “Radical Innovation in Family Firms: A Systematic Analysis and Research Agenda.” International Journal of Entrepreneurial Behaviour & Research 26 (6): 199–1234.
  • Jennings, J., T. Reay, and L. Steier. 2015. “Book Review: The Sage Handbook of Family Business (2014). London: Sage.” Academy of Management Learning & Education 14 (3): 430–436.
  • Kach, A., C. Busse, A. Azadegan, and S. M. Wagner. 2016. “Manoeuvring through Hostile Environments: How Firms Leverage Product and Process Innovativeness.” Decision Sciences 47 (5): 907–956.
  • Kellermanns, F. W., K. A. Eddleston, R. Sarathy, and F. Murphy. 2012. “Innovativeness in Family Firms: A Family Influence Perspective.” Small Business Economics 38 (1): 85–101.
  • Krasnicka, T., and I. Steinerowska-Streb. 2019. “Family Involvement and Innovation in Family Enterprises.” Scientific Papers of Silesian University of Technology, Organization and Management Series No. 136. Katowice, Poland: Silesian University of Technology Publishing House.
  • Kushnir, K. 2010. How Do Economies Define Micro, Small and Medium Enterprises (MSMEs)? Companion Note for the MSME Country Indicators 66. Washington DC: IFC World Bank.
  • Lalonde, J. F. 2013. “Cultural Determinants of Arab Entrepreneurship: An Ethnographic Perspective.” Journal of Enterprising Communities: People and Places in the Global Economy 7 (3): 213–232.
  • Le Breton–Miller, I., and D. Miller. 2013. “Socioemotional Wealth across the Family Firm Life Cycle: A Commentary on “Family Business Survival and the Role of Boards.” Entrepreneurship Theory and Practice 37 (6): 1391–1397.
  • Leppäaho, T., E. Plakoyiannaki, and P. Dimitratos. 2016. “The Case Study in Family Business: An Analysis of Current Research Practices and Recommendations.” Family Business Review 29 (2): 159–173.
  • Li, Z., and J. J. Daspit. 2016. “Understanding Family Firm Innovation Heterogeneity: A Typology of Family Governance and Socio-Emotional Wealth Intentions.” Journal of Family Business Management 6 (2): 103–121.
  • Marshall, C., and G. B. Rossman. 2011. Designing Qualitative Research. Thousand Oaks, CA: Sage.
  • Martínez-Alonso, R., M. J. Martínez-Romero, J. Diéguez-Soto, and A. A. Rojo-Ramírez. 2020. “How Family Involvement in Management Affects the Innovative Behavior of Private Firms: The Moderating Role of Technological Collaboration with External Partners.” In Handbook of Research on the Strategic Management of Family Businesses, edited by L. Gnan, I. Barros-Contreras, and J.M. Palma-Ruiz, 128–152. Hershey, PA: IGI Global.
  • Matroushi, H., F. Jabeen, and S. All. 2018. “Prioritising the Factors Promoting Innovation on Emirati Female-Owned SMEs: AHP Approach.” International Journal of Entrepreneurship and Innovation Management 22 (3): 220–250.
  • McKelvie, A., A. McKenny, G. Lumpkin, and J. Short. 2014. “Corporate Entrepreneurship in Family Businesses: Past Contributions and Future Opportunities.” Chapter 17 in the Sage Handbook of Family Business, edited by L. Melin, M. Nordqvist, and P. Sharma, 340–363. Hershey, PA, USA: IGI Global.
  • Memili, E., and C. Dibrell, eds. 2019. The Palgrave Handbook of Heterogeneity Among Family Firms. Cham: Palgrave Macmillan.
  • Miller, D., and I. Le Breton-Miller. 2014. “Deconstructing Socioemotional Wealth.” Entrepreneurship Theory and Practice 38 (4): 713–720.
  • Miller, D., L. Steier, and I. Le Breton-Miller. 2003. “Lost in Time: Intergenerational Succession, Change, and Failure in Family Business.” Journal of Business Venturing 18 (4): 513–531.
  • Miller, D., L. Steier, and I. Le Breton-Miller. 2016. “What Can Scholars Learn from Sound Family Businesses?” Entrepreneurship Theory and Practice 40 (3): 445–455.
  • Miller, D., M. Wright, I. Le Breton-Miller, and L. Scholes. 2015. “Resources and Innovation in Family Businesses: The Janus-Face of Socio-Emotional Preferences.” California Management Review 58 (1): 20–40.
  • Ministry of Economy 2017. “The impact of SMEs on the UAE's economy.” Retrieved October 25, 2018, from UAE Government website: https://www.government.ae/en/information-and-services/business/crowdfunding/the-impact-of-smes-on-the-uae-economy
  • Morck, R., and B. Yeung. 2003. “Agency Problems in Large Family Business Groups.” Entrepreneurship Theory and Practice 27 (4): 367–382.
  • Munari, F., R. Oriani, and M. Sobrero. 2010. “The Effects of Owner Identity and External Governance Systems on R&D Investments: A Study of Western European Firms.” Research Policy 39 (8): 1093–1104.
  • Newbert, S., and J. Craig. 2017. “Moving beyond Socioemotional Wealth: Toward a Normative Theory of Decision Making in Family Business.” Family Business Review 30 (4): 339–346.
  • Ng, P. Y., M. Dayan, and A. Di Benedetto. 2019. “Performance in Family Firm: Influences of Socioemotional Wealth and Managerial Capabilities.” Journal of Business Research 102: 178–190.
  • OECD 2005. OECD SME and Entrepreneurship Outlook: 2005. Paris: OECD.
  • Patton, M. Q. 2001. Qualitative Research and Evaluation Methods. Thousand Oaks, CA: Sage.
  • Pearson, A., D. Holt, and J. Carr. 2014. “Scales in Family Business Studies.” Chapter 28 in the Sage Handbook of Family Business, edited by L. Melin, M. Nordqvist, and P. Sharma, 551–572. Hershey, PA, USA: IGI Global.
  • PWC 2016. Family Business Survey. Retrieved 2017, from PWC Middle East Region: https://www.pwc.com/m1/en/publications/family-business-survey/middle-east-family-business-survey-2016.pdf
  • Revilla, A. J., and Z. Fernandez. 2012. “The Relation between Firm Size and R&D Productivity in Different Technological Regimes.” Technovation 32 (11): 609–623.
  • Rosenbusch, N., J. Brinckmann, and A. Bausch. 2011. “Is Innovation Always Beneficial? A Meta-Analysis of the Relationship between Innovation and Performance in SMEs.” Journal of Business Venturing 26 (4): 441–457.
  • Schulze, W. S., M. H. Lubatkin, and R. N. Dino. 2003. “Exploring the Agency Consequences of Ownership Dispersion among the Directors of Private Family Firms.” Academy of Management Journal 46 (2): 179–194.
  • Shefer, D., and A. Frenkel. 2005. “R&D, Firm Size and Innovation: An Empirical Analysis.” Technovation 25 (1): 25–32.
  • Stewart, A., and M. A. Hitt. 2012. “Why Can’t a Family Business Be More like a Nonfamily Business? Modes of Professionalization in Family Firms.” Family Business Review 25 (1): 58–86.
  • Swab, R. G., C. Sherlock, E. Markin, and C. Dibrell. 2020. “SEW” What Do We Know and Where Do We Go? A Review of Socioemotional Wealth and a Way Forward.” Family Business Review 33 (4): 424–445.
  • The World Bank 2018. Doing Business 2018: Reforming to Create Jobs. Washington: World Bank.
  • Tidd, J., and B. Thuriaux‐Alemán. 2016. “Innovation Management Practices: cross‐Sectorial Adoption, Variation, and Effectiveness.” R&D Management 46 (S3): 1024–1043.
  • UAE National Innovation Strategy. 2015. Dubai: UAE Ministry of Cabinet Affairs. Last accessed January 15, 2018. https://government.ae/en/about-the-uae/strategies-initiatives-and-awards/federal-governments-strategies-and-plans/national-innovation-strategy
  • Werner, A., C. Schröder, and S. Chlosta. 2018. “Driving Factors of Innovation in Family and Non-Family SMEs.” Small Business Economics 50 (1): 201–218.
  • Woodfield, P. J., and K. Husted. 2019. “How Does Knowledge Sharing across Generations Impact Innovation?” International Journal of Innovation Management 23 (08): 1940004.
  • Yin, R. K. 2014. Case Study Research: Design and Method (5th edition). Thousand Oaks. California: Sage.
  • Zahra, S. A. 2011. “Doing Research in the (New) Middle East: Sailing with the Wind.” Academy of Management Perspectives 25 (4): 6–21.
  • Zahra, S. A., R. Labaki, S. Gawad, and S. Sciascia. 2014. “Family Firms and Social Innovation: Cultivating Organizational Embeddedness.” Chapter 22 in the Sage Handbook of Family Business, edited by L. Melin, M. Nordqvist, and P. Sharma, 442–459. Hershey, PA, USA: IGI Global.
  • Zellweger, T. M., R. S. Nason, and M. Nordqvist. 2012. “From Longevity of Firms to Transgenerational Entrepreneurship of Families: Introducing Family Entrepreneurial Orientation.” Family Business Review 25 (2): 136–155.