Technological innovation and Socioemotional wealth in family firm research: literature review and proposal of a conceptual framework

Purpose - There are currently two issues that generate growing interest among specialized scholars within the family business field: technological innovation and socioemotional wealth. While it is true that both topics are highly popular among researchers, the joint study of both perspectives is sca...

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Main Authors: Martínez Alonso, Rubén, Martínez Romero, María José, Rojo Ramírez, Alfonso Andrés
Format: info:eu-repo/semantics/article
Language:English
Published: Emerald 2023
Subjects:
Online Access:http://hdl.handle.net/10835/14812
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author Martínez Alonso, Rubén
Martínez Romero, María José
Rojo Ramírez, Alfonso Andrés
author_facet Martínez Alonso, Rubén
Martínez Romero, María José
Rojo Ramírez, Alfonso Andrés
author_sort Martínez Alonso, Rubén
collection DSpace
description Purpose - There are currently two issues that generate growing interest among specialized scholars within the family business field: technological innovation and socioemotional wealth. While it is true that both topics are highly popular among researchers, the joint study of both perspectives is scarce. Thus, the aim of this paper is to analyse the interrelationships between technological innovation (TI) and socioemotional wealth (SEW) in the context of family firms. Design/methodology/approach - This literature review systematically analyses the findings of 25 journal articles focusing on TI and SEW, published between 2012 and 2018. Findings - The findings reveal an integrative approach, identifying different variables that relate TI and SEW. A conceptual framework is built in which these variables are incorporated into four categories (SEW, TI, moderating effects and performance). New lines of research emerge with the development of a conceptual model and the formulation of 6 propositions. Practical implications – The conceptual framework can be useful as integrative summary of the factors that family business managers and directors should take into account to be successful in implementing innovative projects and strategies. Originality/value – The study of TI from the SEW approach has emerged as a fruitful field of research in recent years, but the current knowledge of the role that SEW plays in family firms’ TI is still scarce. This paper contributes to the family business literature by offering a conceptual framework of the SEW-TI relationship and new research avenues that will provide a better comprehension for scholars and specialists for future investigations in the field.
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spelling oai:repositorio.ual.es:10835-148122023-12-15T11:59:46Z Technological innovation and Socioemotional wealth in family firm research: literature review and proposal of a conceptual framework Martínez Alonso, Rubén Martínez Romero, María José Rojo Ramírez, Alfonso Andrés Technological innovation Socioemotional wealth Family firms Literature review Purpose - There are currently two issues that generate growing interest among specialized scholars within the family business field: technological innovation and socioemotional wealth. While it is true that both topics are highly popular among researchers, the joint study of both perspectives is scarce. Thus, the aim of this paper is to analyse the interrelationships between technological innovation (TI) and socioemotional wealth (SEW) in the context of family firms. Design/methodology/approach - This literature review systematically analyses the findings of 25 journal articles focusing on TI and SEW, published between 2012 and 2018. Findings - The findings reveal an integrative approach, identifying different variables that relate TI and SEW. A conceptual framework is built in which these variables are incorporated into four categories (SEW, TI, moderating effects and performance). New lines of research emerge with the development of a conceptual model and the formulation of 6 propositions. Practical implications – The conceptual framework can be useful as integrative summary of the factors that family business managers and directors should take into account to be successful in implementing innovative projects and strategies. Originality/value – The study of TI from the SEW approach has emerged as a fruitful field of research in recent years, but the current knowledge of the role that SEW plays in family firms’ TI is still scarce. This paper contributes to the family business literature by offering a conceptual framework of the SEW-TI relationship and new research avenues that will provide a better comprehension for scholars and specialists for future investigations in the field. 2023-12-15T11:59:46Z 2023-12-15T11:59:46Z 2018 info:eu-repo/semantics/article Martínez-Alonso, R., Martínez-Romero, M. J., & Rojo-Ramírez, A. A. (2018). Technological innovation and Socioemotional wealth in family firm research: literature review and proposal of a conceptual framework. Management Research: The Journal of the Iberoamerican Academy of Management, 16(3), 270–301 http://hdl.handle.net/10835/14812 10.1108/MRJIAM-01-2018-0803 en https://www.emerald.com/insight/content/doi/10.1108/MRJIAM-01-2018-0803/full/html Attribution-NonCommercial-NoDerivatives 4.0 Internacional http://creativecommons.org/licenses/by-nc-nd/4.0/ info:eu-repo/semantics/openAccess Emerald
spellingShingle Technological innovation
Socioemotional wealth
Family firms
Literature review
Martínez Alonso, Rubén
Martínez Romero, María José
Rojo Ramírez, Alfonso Andrés
Technological innovation and Socioemotional wealth in family firm research: literature review and proposal of a conceptual framework
title Technological innovation and Socioemotional wealth in family firm research: literature review and proposal of a conceptual framework
title_full Technological innovation and Socioemotional wealth in family firm research: literature review and proposal of a conceptual framework
title_fullStr Technological innovation and Socioemotional wealth in family firm research: literature review and proposal of a conceptual framework
title_full_unstemmed Technological innovation and Socioemotional wealth in family firm research: literature review and proposal of a conceptual framework
title_short Technological innovation and Socioemotional wealth in family firm research: literature review and proposal of a conceptual framework
title_sort technological innovation and socioemotional wealth in family firm research: literature review and proposal of a conceptual framework
topic Technological innovation
Socioemotional wealth
Family firms
Literature review
url http://hdl.handle.net/10835/14812
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