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Resources and innovation in family businesses: the Janus-Face of socioemotional preferences

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posted on 06.01.2016, 14:11 authored by Danny Miller, Mike Wright, Isabelle Le Breton-Miller, Louise ScholesLouise Scholes
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.

History

School

  • Loughborough University London

Published in

California Management Review

Volume

58

Issue

1

Pages

20 - 40

Citation

MILLER, D. ... et al., 2015. Resources and innovation in family businesses: the Janus-Face of socioemotional preferences. California Management Review, 58 (1), pp. 20 - 40.

Publisher

© the Regents of the University of California

Version

AM (Accepted Manuscript)

Publisher statement

This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/

Publication date

2015-11-01

Notes

This article was published in the California Management Review © 2015 by The Regents of the University of California. All rights reserved. Request permission to photocopy or reproduce article content at the University of California Press's Rights and Permissions web page, http://www.ucpress.edu/journals.php?p=reprints, or via email: jpermissions@ucpress.edu.

ISSN

0008-1256

eISSN

2162-8564

Language

en

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