R&D COLLABORATION BREADTH AND FAMILY-FIRM INNOVATION EFFICIENCY: THE ROLE OF FAMILY MANAGEMENT AND GENERATIONAL STAGE

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 in:Technological and economic development of economy Vol. 29; no. 2; pp. 677 - 695
Main Authors: Martínez-Alonso, Rubén, Martínez-Romero, María J., Rojo-Ramírez, Alfonso A.
Format: Journal Article
Language:English
Published: Vilnius Vilnius Gediminas Technical University 01-03-2023
Subjects:
Collaboration
Competition
Cooperation
Economic development
Efficiency
Family owned businesses
Innovations
R&D
Research & development
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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.
ISSN:2029-4913
2029-4921
DOI:10.3846/tede.2023.18526