R&D collaboration breadth and family-firm innovation efficiency: the role of family management and generational stage
Abstract
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.
First published online 13 February 2023
Keyword : innovation efficiency, R&D collaboration breadth, family management, generational stage, socioemotional wealth
How to Cite
Martínez-Alonso, R., Martínez-Romero, M. J., & Rojo-Ramírez, A. A. (2023). R&D collaboration breadth and family-firm innovation efficiency: the role of family management and generational stage. Technological and Economic Development of Economy, 29(2), 677–695. https://doi.org/10.3846/tede.2023.18526
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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