Open AccessJournal Article
Innovation in founder and firms: entrepreneurial versus nurturer identities of owners
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In this article, the authors argue that the identities of owners and owner-managers of public companies can influence innovation and thus performance, and distinguish between innovation input, innovation output and innovation quality.Abstract:
We argue that the identities of owners and owner-managers of public companies can influence innovation and thus performance. We distinguish between innovation input, innovation output and innovation quality. We show that lone founder owners and owner-managers, who we argue embrace entrepreneurial identities, achieve superior innovation output and quality when compared to other firms, even controlling for innovation input. By contrast family owners and managers, who we argue adopt family nurturer identities, spend less on innovation input and also obtain less output and quality, again, controlling for innovation input.read more
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Doing More with Less: Innovation Input and Output in Family Firms
TL;DR: In this article, the authors argue that family firms invest less in innovation but have an increased conversion rate of innovation input into output and, ultimately, a higher innovation output than non-family firms.
The Achieving Society
TL;DR: The authors argued that cultural customs and motivations, especially the motivation for achievement, are the major catalysts of economic growth and proposed a plan to accelerate economic growth in developing countries by encouraging and supplementing their achievement motives through mobilizing the greater achievement resources of developed countries.
Posted Content
Doing More with Less : Innovation Input and Output in Family Firms
TL;DR: In this paper, the authors argue that family firms invest less in innovation but have an increased conversion rate of innovation input into output and, ultimately, a higher innovation output than non-family firms.
Posted Content
Family Firms and Regional Innovation Activity: Evidence from the German Mittelstand
Joern Block,Frank Spiegel +1 more
TL;DR: In this paper, the authors analyzed the effect of family firms on regional innovation using a dataset of 326 German regions and found that regions with a higher share of families also show higher levels of innovation activity, as measured by the number of successful patent applications.
References
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Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
Journal ArticleDOI
Estimating the Dimension of a Model
TL;DR: In this paper, the problem of selecting one of a number of models of different dimensions is treated by finding its Bayes solution, and evaluating the leading terms of its asymptotic expansion.
Estimating the dimension of a model
TL;DR: In this paper, the problem of selecting one of a number of models of different dimensions is treated by finding its Bayes solution, and evaluating the leading terms of its asymptotic expansion.
Journal ArticleDOI
Absorptive capacity: a new perspective on learning and innovation
TL;DR: In this paper, the authors argue that the ability of a firm to recognize the value of new, external information, assimilate it, and apply it to commercial ends is critical to its innovative capabilities.
Book
Capitalism, Socialism and Democracy
TL;DR: In this paper, the authors present a history of the first half of the 20th century, from 1875 to 1914, of the First World War and the Second World War.