Family Firm Innovativeness-A Meta-Analysis
Journal
Academy of Management Proceedings
ISSN
0065-0668
Type
conference paper
Date Issued
2014-08-05
Author(s)
Abstract
An increasing stream of research has started to investigate innovation behavior in family firms, which is expected to be distinct from that of other types of firms; however results have been mixed so far. Conducting a meta-analysis of 110 studies covering 42 countries we synthesize prior work and extend prior knowledge on the precise linkages of family control and innovation behavior. We find that innovation input is lower in family as compared to non-family firms, yet innovation output is enhanced. We argue that lower input can be explained by the investment and decision making preferences of family owners. Higher output can be explained by family-firms' capabilities to efficaciously manage R&D resources. We further discuss and test the effect of important family-, firm-, and institutional-level contingencies. Based on the results from our meta-analytical analysis we develop new insights into the sources of competitive advantage of family firms and propose new directions for further research.
Language
English
Keywords
family business
innovation
meta-analysis
HSG Classification
contribution to scientific community
Refereed
Yes
Book title
Academy of Management Annual Meeting Proceedings. 2014
Publisher
Academy of Management
Start page
1
End page
40
Pages
40
Event Title
74th Academy of Management Annual Meeting (AOM) 2014 "The Power of Words"
Event Location
Philadelphia, PA
Event Date
01.-05.08.2014
Subject(s)
Eprints ID
230344