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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Detalhes bibliográficos
Principais autores: Martínez Alonso, Rubén, Martínez Romero, María José, Rojo Ramírez, Alfonso Andrés
Formato: info:eu-repo/semantics/article
Idioma:English
Publicado em: Vilnius Tech 2023
Assuntos:
Acesso em linha:http://hdl.handle.net/10835/14677
Descrição
Resumo: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.