Unity or commitment: A generational view of innovation in family firms
采用定性方法,研究家族参与如何影响企业创新决策,并考察创始人是否在位对这一关系的影响。发现两种模式:创始人不在位时,承诺和长期导向促进创新;创始人在位时,团结约束创新,甚至危及企业存续。
Abstract Taking a qualitative approach, this study aims to identify the effects of family involvement on firms' innovation decisions and examine how this relationship is affected by the presence or absence of firm founders. Content analysis facilitates building a map to identify two modes of family influence on business and innovation: the business‐first and family‐first modes. In the former, commitment and long‐term orientation encourage innovation as the principal means of survival, especially when the founder is no longer present. In the latter, unity constrains innovation, most commonly in firms led by a present founder. In contrast to the tenets of the socioemotional wealth approach, a first‐generation family firm may suffer from myopia when family interests prevail over the firm's interests, even when business continuity is at stake.