Abstract
Socioemotional wealth (SEW) has been introduced as an important concept to account for the particularities of family firms and as an antecedent to innovation activities. However, little research attention has so far been given to the potentially distinctive effects of its underlying di-mensions and on how it fosters broader forms of innovation (e.g., of an entire business model). We address these research opportunities through a deductive study of 414 central European Companies and find that the five dimensions of SEW not only have very different effects but that their impact on business model innovation is also substantially different from what has been previously found for other forms of innovation. This allows us to contribute to family firm and business model innovation research and provide interesting insights for practitioners.
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