The Impact of Family Ownership, Management, and Governance on Innovation

被引：190

作者：

Matzler, Kurt ^{[1
,2
,3
]}

Veider, Viktoria ^{[4
]}

Hautz, Julia ^{[4
]}

Stadler, Christian ^{[5
]}

机构：

[1] Univ Innsbruck, Strateg Management, Sch Management, A-6020 Innsbruck, Austria

[2] Management Ctr Innsbruck, Execut MBA Program, Innsbruck, Austria

[3] Innovat Management Partners Inter Natl Consulting, Innsbruck, Austria

[4] Univ Innsbruck, Sch Management, A-6020 Innsbruck, Austria

[5] Warwick Business Sch, Strateg Management, Warwick, England

来源：

JOURNAL OF PRODUCT INNOVATION MANAGEMENT | 2015年 / 32卷 / 03期

关键词：

DEVELOPMENT INVESTMENTS; FIRM PERFORMANCE; CORPORATE-OWNERSHIP; AGENCY COSTS; RISK-TAKING; BOARD; DIVERSIFICATION; STEWARDSHIP; BUSINESSES; SPECIFICATION;

D O I：

10.1111/jpim.12202

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Previous research suggests that the distinctive nature of family firms, including both specific advantages and disadvantages related to their particular agency situation, influences innovation activities. Most studies, however, view family firms as homogeneous entities and thus neglect the heterogeneity of family firms when comparing them with nonfamily firms. One important factor of this firm heterogeneity is family influence in terms of ownership, management, and governance. A data set of large German publicly traded firms between 2000 and 2009 is used to test how these three dimensions of family influence predict innovation input and output. The results show that family participation in management and governance has a negative impact on innovation input and a positive influence on innovation output. This suggests that family members are risk averse and reluctant to invest in innovation, but at the same time do so more effectively.

引用

页码：319 / 333

页数：15

共 50 条

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