CEO satisfaction and SME innovation: unveiling the role of family involvement

Family involvement in SMEs can affect strategic decisions about innovation. The differences in the innovative behaviours between family and nonfamily SMEs are mostly attributed to socioemotional wealth, which emphasizes the noneconomic goals of family firms. The literature on how family involvement...

Full description

Saved in:
Bibliographic Details
Published in:Applied economics 2022-11, Vol.54 (53), p.6160-6178
Main Authors: El Shoubaki, Aliaa, Laguir, Issam, Stekelorum, Rébecca, Hnilica, Jiří
Format: Article
Language:English
Subjects:
CEO satisfaction
Economic analysis
Economic theory
family business
family involvement
Humanities and Social Sciences
Innovations
Parent participation
SME innovation
socioemotional wealth
Wealth
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Family involvement in SMEs can affect strategic decisions about innovation. The differences in the innovative behaviours between family and nonfamily SMEs are mostly attributed to socioemotional wealth, which emphasizes the noneconomic goals of family firms. The literature on how family involvement affects firm innovation remains inconclusive. In this study, we distinguish the different steps of innovation and use CEO satisfaction with business performance to show that greater family involvement is ultimately good for innovation performance. We examine how CEO satisfaction with business performance affects firm innovation and, in particular, how family involvement affects this relationship. Using a sample of 308 Czech SMEs and multiple mediation and moderated mediation analyses, we find that high levels of family involvement enhanced SMEs innovation performance by strengthening the influence of CEO satisfaction on product innovation.
ISSN:0003-6846
1466-4283
DOI:10.1080/00036846.2022.2059437