Heterogeneous collaborative networks and firm performance: Do the contingent effects of family management and intellectual property rights matter?

Abstract

PurposeThe aim of this study is to investigate the relationship between heterogeneous collaborative networks and firm performance, using the resource-based view (RBV) and its extension through the knowledge-based view (KBV) as theoretical lens. Moreover, the authors examine family management and intellectual property rights (IPRs) as contingent factors that enhance the effectiveness of heterogeneous collaborative networks in achieving superior firm performance.Design/methodology/approachThe hypotheses are developed and checked by using a panel data sample of 10,985 firm-year observations from 1,766 Spanish manufacturing firms over the period 2007–2016.FindingsThe results indicate that heterogeneous collaborative networks positively influence firm performance. Furthermore, the positive impact of these innovation networks on firm performance is reinforced by high levels of family management, and such effect is even stronger when there exists high levels of IPRs.Originality/valueThis research is the first, to our knowledge, to provide important new insights into the manner in which the effect of both family management and IPRs have the potential to amplify the performance gains attained from heterogenous collaborative networks.

Household and entrepreneurial entry: an individual entrepreneurial capital perspective

“…First, the interactive relationship between family and entrepreneurship has not been sufficiently explored. This is reflected in the fact that literature on the relationship between family and entrepreneurship is concentrated in research on family businesses (Karaevli and Yurtoglu, 2018; Martínez-Alonso et al. , 2022) as well as research on family reasons for entrepreneurial exit (Jayawarna et al.…”

“…First, the interactive relationship between family and entrepreneurship has not been sufficiently explored. This is reflected in the fact that literature on the relationship between family and entrepreneurship is concentrated in research on family businesses (Karaevli and Yurtoglu, 2018;Mart ınez-Alonso et al, 2022) as well as research on family reasons for entrepreneurial exit (Jayawarna et al, 2021;Koładkiewicz et al, 2022), while in the more general field of entrepreneurship and management, the impact of family has not been fully discussed (Jaskiewicz et al, 2017). For instance, Belkhodja and Daghfous (2020) suggest a double-edged sword effect of familiness in family businesses, but for families and households in general, we still know little about the impact.…”

The effect of ownership composition on corporate financial performance in the European frontier markets

“…According to Anderson and Reeb (2003), family holdings and firm performance are nonlinear, suggesting that family ownership may effectively manage shareholders' conflicts and contribute to corporate monitoring, control and performance. Martinez-Alonso et al. (2022) also show that family management and networking contributes to firm performance, but from another viewpoint, family control may lead to overdominance in decision-making, financial control and earnings management, particularly in highly corrupt economies with a collectivist culture and weak legal enforcement.…”

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

“…R&D collaboration breadth, or the number of distinct external partners (i.e., competitors, universities, suppliers, customers) with which a firm collaborates simultaneously (Faems et al, 2010), is a powerful strategy that enables firms to build competitive advantages and increase value by exchanging and sharing their resources with those of other entities along the supply chain (Godlewska et al, 2022;Van Beers & Zand, 2014). The study of R&D collaboration breadth has gained considerable relevance in today's complex landscape, where family firms are increasingly looking to create interactive innovation networks with different types of partners to address issues related to shortening innovation cycles, decreasing R&D costs, enhancing firm outcomes, and ultimately creating value for all stakeholders (Ferreras-Méndez et al, 2015;Martínez-Alonso et al, 2022a;Martínez-Romero et al, 2020). Accordingly, R&D collaboration breadth is crucial for firms' long-term survival (Lyu et al, 2020;Stuart, 2000), and specifically, it is essential for family firms to survive across generations (Bigliardi & Galati, 2018;Feranita et al, 2017).…”

“…According to resource-based view and stewardship scholars, R&D collaboration breadth can be an important tool allowing family firms to achieve and maintain competitive advan-tages for innovation efficiency (Bigliardi & Galati, 2018;Martínez-Alonso et al, 2022a). In this regard, family firms seem to be able to manage promising R&D collaboration projects because of their long-term vision and higher level of social capital (De Massis et al, 2015;Llach & Nordqvist, 2010).…”