Innovation in Family Firms: A Review of Prior Studies and a Framework for Future Research

Urbinati, Andrea; Franzò, Simone; Massis, Alfredo Vittorio De; Frattini, Federico

doi:10.1057/978-1-349-95123-9_8

Cited by 40 publications

(27 citation statements)

References 137 publications

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“…Theoretical and empirical research on innovation in FFs has grown in recent years in response to the significant gap in the prevailing theories and frameworks regarding the effect of different corporate governance systems on innovation (Urbinati et al, 2017). To fill this gap, many scholars have aimed to analyse the differences between the innovation processes of family versus non-family firms, with the result that this topic has become an important area of research in economics and in the literature on family business innovation.…”

Section: Literature Review and Hypothesismentioning

confidence: 99%

“…To fill this gap, many scholars have aimed to analyse the differences between the innovation processes of family versus non-family firms, with the result that this topic has become an important area of research in economics and in the literature on family business innovation. The revived interest has translated into a number of papers explaining why family and non-family firms differ in terms of innovation (recent reviews are Carney et al, 2015;Duran et al, 2016;Urbinati et al, 2017).…”

Section: Literature Review and Hypothesismentioning

confidence: 99%

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Does external R&D matter for family firm innovation? Evidence from the Italian manufacturing industry

et al. 2020

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This article focuses on the relationship between external research and development (R&D) and firm innovation output. Using a sample of Italian manufacturing firms in the period of 2007-2009, the role played by external R&D is evaluated, investigating differences between family and non-family firms. Results show that the R&D acquired from external sources has a positive impact, especially on family firms, suggesting that family companies have a greater capacity to translate external R&D into tangible economic benefits. This result is consistent with those obtained when we consider the combination of internal and external R&D, as well as the family involvement in governance and management.

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Section: Literature Review and Hypothesismentioning

confidence: 99%

Section: Literature Review and Hypothesismentioning

confidence: 99%

Does external R&D matter for family firm innovation? Evidence from the Italian manufacturing industry

et al. 2020

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“…) is limited, with a plethora of contradictory and inconsistent findings, especially in relation to innovation outputs (Urbinati et al . ). In addition, most research has been conducted by family business scholars, while mainstream innovation researchers have largely overlooked family variables in their studies (Chrisman et al .…”

Section: Introductionmentioning

confidence: 97%

Innovation in Family Firms: A Systematic Literature Review and Guidance for Future Research

Calabrò

Vecchiarini

Gast³

et al. 2018

Int J Management Reviews

382

372

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Through a systematic review of 118 peer-reviewed journal articles published between 1961 and 2017, this article provides an integrative picture of the state of the art of the family firm innovation literature. Our aim is to widen existing understanding of innovation in family firms by building a theoretical bridge with studies in the mainstream innovation literature. Specifically, in identifying the main gaps in the literature and providing future research directions, our critical and dynamic picture of family-specific determinants of innovation is intended to advance the debate on innovation in general, and family firms in particular.

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“…Moreover, a growing body of research emphasizes the importance of innovation for the long-term sustainability of family firms (e.g. De Massis, Frattini, & Lichtenthaler, 2013;Röd, 2016;Urbinati, Franzò, De Massis, & Frattini, 2017). These studies collectively show remarkable differences in innovation between family and non-family business.…”

Section: Introductionmentioning

confidence: 99%

Unlocking innovation potential: A typology of family business innovation postures and the critical role of the family system

Rondi

Massis

Kotlar

2019

Journal of Family Business Strategy

Self Cite

169

131

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How can family firms unlock their innovation potential? Despite the recent growth in research on family business innovation, existing literature has yielded controversial findings. Family firms are recognized as more conservative and steadfast to their tradition, however many of the most innovative firms worldwide are family businesses. This points to an apparent willingnessability paradox in family business innovation. Drawing on family business innovation and family systems literature, we argue that family characteristics are an important yet overlooked driver of this paradoxical tension. We develop the construct of family business innovation posture, and identify a typology of four ideal types: Seasoner, Re-enactor, Digger, and Adventurer. Furthermore, we explore and illustrate with empirical data the necessary fit between family business innovation posture and family-related dimensions to resolve the willingness-ability paradox. The article examines the implications of the typology for family business innovation research by exploring the effects of intra-family succession, outlining important directions for future research aimed at advancing current understanding of the role of the family in family business innovation, and providing practical insights for family business owners, managers, and consultants.

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Innovation in Family Firms: A Review of Prior Studies and a Framework for Future Research

Cited by 40 publications

References 137 publications

Does external R&D matter for family firm innovation? Evidence from the Italian manufacturing industry

Does external R&D matter for family firm innovation? Evidence from the Italian manufacturing industry

Innovation in Family Firms: A Systematic Literature Review and Guidance for Future Research

Unlocking innovation potential: A typology of family business innovation postures and the critical role of the family system

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