Family Involvement in Management and Product Innovation: The Mediating Role of R&D Strategies
Following calls to capture family firms’ innovative behavior and to specifically clarify how family firms manage product innovations to achieve sustainable economic development, this study empirically investigates the mediating role of Research & Development (R&D) strategies (i.e., intramura...
| Main Authors: | , |
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| Format: | info:eu-repo/semantics/article |
| Language: | English |
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MDPI
2023
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10835/14850 |
| _version_ | 1789406317768605696 |
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| author | Diéguez Soto, Julio Martínez Romero, María José |
| author_facet | Diéguez Soto, Julio Martínez Romero, María José |
| author_sort | Diéguez Soto, Julio |
| collection | DSpace |
| description | Following calls to capture family firms’ innovative behavior and to specifically clarify how family firms manage product innovations to achieve sustainable economic development, this study empirically investigates the mediating role of Research & Development (R&D) strategies (i.e., intramural R&D investments, extramural R&D investments, and the combination of both intramural and extramural R&D investments) in the relationship between family involvement in the management and likelihood of obtaining product innovations. Carrying out a panel data analysis that is based on 7264 observations of Spanish manufacturing firms throughout the 2000–2015 period, our results suggest a negative effect of the level of family management on the likelihood of introducing product innovations. Moreover, we found that intramural R&D investments and the investment strategy consisting of both intramural and extramural R&D mediated the family involvement in management-likelihood of obtaining product innovations relationship. Our findings contribute important insights to the comprehension of which determinants instigate product innovation in family managed firms. |
| format | info:eu-repo/semantics/article |
| id | oai:repositorio.ual.es:10835-14850 |
| institution | Universidad de Cuenca |
| language | English |
| publishDate | 2023 |
| publisher | MDPI |
| record_format | dspace |
| spelling | oai:repositorio.ual.es:10835-148502023-12-19T09:48:19Z Family Involvement in Management and Product Innovation: The Mediating Role of R&D Strategies Diéguez Soto, Julio Martínez Romero, María José product innovation family management R&D investment intramural R&D extramural R&D Following calls to capture family firms’ innovative behavior and to specifically clarify how family firms manage product innovations to achieve sustainable economic development, this study empirically investigates the mediating role of Research & Development (R&D) strategies (i.e., intramural R&D investments, extramural R&D investments, and the combination of both intramural and extramural R&D investments) in the relationship between family involvement in the management and likelihood of obtaining product innovations. Carrying out a panel data analysis that is based on 7264 observations of Spanish manufacturing firms throughout the 2000–2015 period, our results suggest a negative effect of the level of family management on the likelihood of introducing product innovations. Moreover, we found that intramural R&D investments and the investment strategy consisting of both intramural and extramural R&D mediated the family involvement in management-likelihood of obtaining product innovations relationship. Our findings contribute important insights to the comprehension of which determinants instigate product innovation in family managed firms. 2023-12-19T09:48:19Z 2023-12-19T09:48:19Z 2019 info:eu-repo/semantics/article Diéguez‐Soto, J., & Martínez-Romero, M. J. (2019). Family Involvement in Management and Product Innovation : The Mediating Role of R&D Strategies. Sustainability, 11(11), 2162–2186. http://hdl.handle.net/10835/14850 10.3390/su11072162 en https://www.mdpi.com/2071-1050/11/7/2162 Attribution-NonCommercial-NoDerivatives 4.0 Internacional http://creativecommons.org/licenses/by-nc-nd/4.0/ info:eu-repo/semantics/openAccess MDPI |
| spellingShingle | product innovation family management R&D investment intramural R&D extramural R&D Diéguez Soto, Julio Martínez Romero, María José Family Involvement in Management and Product Innovation: The Mediating Role of R&D Strategies |
| title | Family Involvement in Management and Product Innovation: The Mediating Role of R&D Strategies |
| title_full | Family Involvement in Management and Product Innovation: The Mediating Role of R&D Strategies |
| title_fullStr | Family Involvement in Management and Product Innovation: The Mediating Role of R&D Strategies |
| title_full_unstemmed | Family Involvement in Management and Product Innovation: The Mediating Role of R&D Strategies |
| title_short | Family Involvement in Management and Product Innovation: The Mediating Role of R&D Strategies |
| title_sort | family involvement in management and product innovation: the mediating role of r&d strategies |
| topic | product innovation family management R&D investment intramural R&D extramural R&D |
| url | http://hdl.handle.net/10835/14850 |
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