R D collaboration breadth and family-firm innovation efficiency: the role of family management and generational stage

This paper examines the relationship between R&D collaboration breadth and innovation efficiency within family firms. Based on the socioemotional wealth approach and recognising that family firms constitute a rather heterogeneous group, we study family firms’ differences in the way of addressing...

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Bibliographic Details
Published inTechnological and economic development of economy
Main Authors Rubén Martínez-Alonso, María J. Martínez-Romero, Alfonso A. Rojo-Ramírez
Format Journal Article
LanguageEnglish
Published Vilnius Gediminas Technical University 01.02.2023
Subjects
family management
generational stage
innovation efficiency
R&D collaboration breadth
socioemotional wealth
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Summary:This paper examines the relationship between R&D collaboration breadth and innovation efficiency within family firms. Based on the socioemotional wealth approach and recognising that family firms constitute a rather heterogeneous group, we study family firms’ differences in the way of addressing the R&D collaboration breadth-innovation efficiency link, taking into account family management and the generational stage. Using a panel dataset of 424 manufacturing family firms during the 2007–2016 period, we find significant differences across family firms in the translation of gains from R&D collaboration breadth into innovation efficiency. Specifically, our findings reveal that family firms with higher levels of family management and in first generational stage weaken the R&D collaboration breadth – innovation efficiency link. First published online 13 February 2023
ISSN:2029-4913
2029-4921
DOI:10.3846/tede.2023.18526