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Cited by 160Family Business Performance and SuccessionInnovation and Knowledge ManagementEntrepreneurship Studies and Influences

Resources and Innovation in Family Businesses: The Janus-Face of Socioemotional Preferences

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Miller, Danny, Wright, Mike, Breton-Miller, Isabelle Le, Scholes, Louise·2015·California Management Review
DOI 10.1525/cmr.2015.58.1.20
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Abstract

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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Crossref · 10.1525/cmr.2015.58.1.20

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  • Family-owned MNEs' international strategy may be driven by non-economic objectives of the controlling family, such as keeping the firm in the family, providing jobs for future generations, cultivating connections with chosen stakeholders, and building a reputation in the community.

    “Similarly, family-owned MNEs' international strategy may be driven by non-economic objectives of the controlling family, such as keeping the firm in the family, providing jobs for future generations, cultivating connections with ''chosen'' stakeholders, and building a reputation in the community (Miller, Wright, Le Breton-Miller & Scholes, 2015).”

    From Global value chains: A review of the multi-disciplinary literature (2020) · cites this paper as Miller, Wright, Le Breton-Miller & Scholes, 2015

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Related

Authors
Miller, D., Wright, M., Breton-Miller, I. L., & Scholes, L.
Affiliations
  • Ghent University (BE)
  • Durham University (GB)
ORCID
Venue
California Management Review
Publisher
SAGE Publications
Published
2015-11
Volume
58
Issue
1
Pages
20-40
ISSN
  • 0008-1256 (ISSN-L)
  • 2162-8564
DOI
10.1525/cmr.2015.58.1.20
OpenAlex
W2292043296
Cited by
160
References
33
Citations by year
2026: 9 · 2025: 12 · 2024: 13 · 2023: 14 · 2022: 22 · 2021: 21 · 2020: 20 · 2019: 21 · 2018: 10 · 2017: 12 · 2016: 5 · 2015: 1
FWCI
20.59
Type
journal article
Language
en
Open access
Licence
Locations
  • California Management Review (publishedVersion)
  • Durham Research Online (Durham University) (acceptedVersion)
  • Durham Research Online (Durham University) (acceptedVersion, other-oa)
  • Durham Research Online (Durham University) (submittedVersion, cc-by)
  • Loughborough University Institutional Repository (Loughborough University) (submittedVersion, cc-by-nc-nd)
  • Loughborough University Research Repository (Loughborough University) (submittedVersion, cc-by-nc-nd)
  • Spiral (Imperial College London) (submittedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Organizational Behavior and Human Resource Management › Family Business Performance and Succession
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Innovation and Knowledge Management
  • Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Entrepreneurship Studies and Influences
Keywords
family business, innovation, human capital, relational capital, financial capital, nepotism, altruism, kinship, resource-based view, generational succession, family business governance

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