Journal ArticleDOI
Research on Technological Innovation in Family Firms: Present Debates and Future Directions
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In this paper, the authors present a review and systematize prior work on technological innovation in family firms and to open up an agenda to guide future research into this promising area.Abstract:
The purpose of this article is to review and systematize prior work on technological innovation in family firms and to open up an agenda to guide future research into this promising area. The study shows that family involvement has direct effects on innovation inputs (e.g., R&D expenditures), activities (e.g., leadership in new product development projects), and outputs (e.g., number of new products), as well as moderating effects on the relationships between these steps of technological innovation. The article uses theories applied in family business research (e.g., agency theory) to discuss opportunities for extending technological innovation frameworks by considering family involvement.read more
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Journal ArticleDOI
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.
Journal ArticleDOI
The case study method in family business research: Guidelines for qualitative scholarship
TL;DR: In this article, the authors provide guidelines for choosing the case study design, defining the unit of analysis, selecting cases (sampling), collecting information, analysing information, presenting results and ensuring validity and reliability in research findings.
Journal ArticleDOI
The Ability and Willingness Paradox in Family Firm Innovation
TL;DR: In this article, the authors present a framework of how family involvement influences innovation management based on ability (discretion to act) and willingness (disposition to act), two drivers that distinguish family firms from nonfamily firms and lead to heterogeneity among family firms.
Journal ArticleDOI
Socioemotional Wealth as a Mixed Gamble: Revisiting Family Firm R&D Investments with the Behavioral Agency Model
Luis R. Gomez-Mejia,Joanna Tochman Campbell,Geoffrey P. Martin,Robert E. Hoskisson,Marianna Makri,David G. Sirmon +5 more
TL;DR: In this paper, the behavioral agency model (BAM) is used to examine the socioemotional trade-offs that R&D represents for the family firm and how this differentiates their investment decision from non-family firms.
Journal ArticleDOI
Ability and willingness as sufficiency conditions for family-oriented particularistic behavior: implications for theory and empirical studies
TL;DR: In this paper, the sufficiency condition for family involvement to produce family-oriented particularistic behavior in a firm requires the presence of both ability and willingness, and they demonstrate how the omission of this sufficient condition in commonly used theoretical models employed to explain how family involvement affects firm behavior can result in theoretical limitations and empirical indeterminacy.
References
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