Family involvement, family member composition and firm innovation

Tan, Qingmei; Liu, Zixuan; Geng, Peixuan

doi:10.1016/j.cjar.2020.12.003

Cited by 14 publications

(22 citation statements)

References 36 publications

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“…Previous research suggested that family involvement would jeopardise innovation because external partnerships in R&D processes (e.g. external expert appointments and money loans) would reduce family control authority and hence limit SEW (Becerra et al, 2020; Calabrò et al, 2019; Tan et al, 2021). For example, families could manage external engagements in reducing the emission of production waste.…”

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

“…On the one hand, with non-economic priorities, families tend to care more about non-market strategies to preserve SEW (Cennamo et al, 2012). On the other hand, mainstream innovation scholars suggest that family involvement prohibits engagement in innovation because of the uncertain nature of those activities (Bendig et al, 2020;Calabrò et al, 2019;Tan et al, 2021).…”

Section: Theoretical Implicationsmentioning

confidence: 99%

“…Finally, external social capital also provides more information on pollution prevention eco-innovation, which further reduces concerns on family involvement. Innovation may be hindered by family involvement as the failure of projects may compromise SEW (Becerra et al, 2020;Bendig et al, 2020;Ceipek et al, 2021;Tan et al, 2021). with their partners' connections (Zona et al, 2018).…”

Section: The Moderating Role Of Board External Social Capitalmentioning

confidence: 99%

“…With the non‐economic preference of socio‐emotional wealth (SEW), some studies found that family involvement embraces eco‐innovation (Bammens & Hünermund, 2020). Others believe that the conservative nature of SEW constrained risky engagement and, thus, constrained eco‐innovation (Tan et al, 2021). To shed further light and solve this issue, we deconstruct eco‐innovation into pollution prevention and cleaner production and further investigate the relationship between family involvement and different types of eco‐innovation.…”

Section: Introductionmentioning

confidence: 99%

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What to green: Family involvement and different types of eco‐innovation

2022

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Research on the relationship between family involvement and eco-innovation presents conflicting results. To address this issue, this study explores the role of family involvement in eco-innovation by dividing it into pollution prevention and cleaner production types. We propose that family involvement positively relates to pollution prevention eco-innovation, but negatively relates to cleaner production eco-innovation. Moreover, we explore the boundary conditions of the proposed relationships.We also contend that internal social capital positively moderates the relationship between family involvement and eco-innovation in both types of eco-innovation, while external social capital exhibits positive and negative moderating impacts on pollution prevention and cleaner production, respectively. Data from Chinese listed firms from 2007 to 2019 support these arguments. This study adds to the family business research and eco-innovation literature by providing a more comprehensive view of the role of family engagement in eco-innovation.

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Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

Section: Theoretical Implicationsmentioning

confidence: 99%

Section: The Moderating Role Of Board External Social Capitalmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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What to green: Family involvement and different types of eco‐innovation

2022

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“…Family ownership and innovative capability. Most family owners are often reluctant to transfer their equity in exchange for financial support from external investors (Ahmad et al, 2020;Gomez-Mejia et al, 2010;Tan et al, 2021). The reasons can be attributed to the possibility that: (a) external financing will potentially reduce a family's control over the family firm, (b) the selling of family owners' holdings may hurt their firms' reputation as trustworthy business partners, and (c) the selling would also reduce the shares that their offspring could inherit in the future (Ahmad et al, 2020;Casson, 1999).…”

Section: Hypotheses Developmentmentioning

confidence: 99%

Exploring the Relationship Between Family Involvement and Innovative Capability in Chinese Family SMEs: The Role of HR Redundancy

2022

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The aim of this research is to investigate the relationship between family involvement and innovative capability in Chinese family small-medium sized enterprises (SMEs). Although previous studies based on the behavior agency model have investigated how financial factors could influence the relationship between family involvement and innovative capability, there is a dearth of studies with an emphasis on the impact of non-financial factors. Notably, the moderating role played by family firms’ human resource (HR) redundancy in this relationship has not been sufficiently explored in the literature. Our research analyzed secondary data of Chinese family SMEs listed in the China Stock Market and Accounting Research (CSMAR) database. Standard multiple regression and moderated multiple regressions were conducted to test the main and moderating effects, respectively. According to the results of our study, the three dimensions of family involvement (ownership, management, and governance) have a negative influence on Chinese SMEs innovative capability, but this influence can be partially moderated by HR redundancy. Based on the socio-emotional wealth (SEW) perspective, this research contributes to family business literature by addressing previously noted research gaps in related studies.

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