Examining the Impact of Innovation Forms on Sustainable Economic Performance: The Influence of Family Management
The aim of this research is to explore the effect that innovation, as a potential source of sustained competitive advantage and firm growth, has on the achievement of sustainable economic performance. In particular, this paper empirically examines the influence of four innovation forms (intramural R...
| Main Authors: | , , |
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| Format: | info:eu-repo/semantics/article |
| Language: | English |
| Published: |
MDPI
2020
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10835/7478 |
| _version_ | 1789406561181892608 |
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| author | Martínez Alonso, Rubén Martínez Romero, María José Rojo Ramírez, Alfonso Andrés |
| author_facet | Martínez Alonso, Rubén Martínez Romero, María José Rojo Ramírez, Alfonso Andrés |
| author_sort | Martínez Alonso, Rubén |
| collection | DSpace |
| description | The aim of this research is to explore the effect that innovation, as a potential source of sustained competitive advantage and firm growth, has on the achievement of sustainable economic performance. In particular, this paper empirically examines the influence of four innovation forms (intramural R&D, extramural R&D, product innovation, and process innovation) on firms’ sustainable economic performance, considering the moderating effect of family involvement in management. To test the hypotheses, random-effects regression analyses are applied to a longitudinal sample of 598 Spanish private manufacturing firms throughout the 2006–2015 period. The results show a negative effect of intramural and extramural R&D on sustainable economic performance and a positive effect of process innovation on sustainable economic performance. Moreover, a reinforced relationship between process innovation and sustainable economic performance is also revealed when family involvement in management acts as a moderator. The findings make several contributions to research and practice. |
| format | info:eu-repo/semantics/article |
| id | oai:repositorio.ual.es:10835-7478 |
| institution | Universidad de Cuenca |
| language | English |
| publishDate | 2020 |
| publisher | MDPI |
| record_format | dspace |
| spelling | oai:repositorio.ual.es:10835-74782023-04-12T19:08:14Z Examining the Impact of Innovation Forms on Sustainable Economic Performance: The Influence of Family Management Martínez Alonso, Rubén Martínez Romero, María José Rojo Ramírez, Alfonso Andrés sustainable economic performance innovation intramural R&D extramural R&D product innovation process innovation family involvement in management The aim of this research is to explore the effect that innovation, as a potential source of sustained competitive advantage and firm growth, has on the achievement of sustainable economic performance. In particular, this paper empirically examines the influence of four innovation forms (intramural R&D, extramural R&D, product innovation, and process innovation) on firms’ sustainable economic performance, considering the moderating effect of family involvement in management. To test the hypotheses, random-effects regression analyses are applied to a longitudinal sample of 598 Spanish private manufacturing firms throughout the 2006–2015 period. The results show a negative effect of intramural and extramural R&D on sustainable economic performance and a positive effect of process innovation on sustainable economic performance. Moreover, a reinforced relationship between process innovation and sustainable economic performance is also revealed when family involvement in management acts as a moderator. The findings make several contributions to research and practice. 2020-01-17T07:30:03Z 2020-01-17T07:30:03Z 2019-11-03 info:eu-repo/semantics/article 2071-1050 http://hdl.handle.net/10835/7478 en https://www.mdpi.com/2071-1050/11/21/6132 Attribution-NonCommercial-NoDerivatives 4.0 Internacional http://creativecommons.org/licenses/by-nc-nd/4.0/ info:eu-repo/semantics/openAccess MDPI |
| spellingShingle | sustainable economic performance innovation intramural R&D extramural R&D product innovation process innovation family involvement in management Martínez Alonso, Rubén Martínez Romero, María José Rojo Ramírez, Alfonso Andrés Examining the Impact of Innovation Forms on Sustainable Economic Performance: The Influence of Family Management |
| title | Examining the Impact of Innovation Forms on Sustainable Economic Performance: The Influence of Family Management |
| title_full | Examining the Impact of Innovation Forms on Sustainable Economic Performance: The Influence of Family Management |
| title_fullStr | Examining the Impact of Innovation Forms on Sustainable Economic Performance: The Influence of Family Management |
| title_full_unstemmed | Examining the Impact of Innovation Forms on Sustainable Economic Performance: The Influence of Family Management |
| title_short | Examining the Impact of Innovation Forms on Sustainable Economic Performance: The Influence of Family Management |
| title_sort | examining the impact of innovation forms on sustainable economic performance: the influence of family management |
| topic | sustainable economic performance innovation intramural R&D extramural R&D product innovation process innovation family involvement in management |
| url | http://hdl.handle.net/10835/7478 |
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