Journal
CALIFORNIA MANAGEMENT REVIEW
Volume 58, Issue 1, Pages 20-40Publisher
SAGE PUBLICATIONS INC
DOI: 10.1525/cmr.2015.58.1.20
Keywords
Entrepreneurship; Family Firms; Innovation
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Family business socio-emotional preferences are often Janus-faced. Some strive to create a strong business they can pass on to offspring by building innovation-promoting resources such as human, relational, and financial capital. Other family firms cater to family desires for unqualified nepotism, altruism towards undeserving kin, and appropriation of firm assets to fulfill parochial desires that erode these resources. This article explores how such preferences, together with their impact on resources and the innovation demands of their markets, shape the approach to innovation.
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