Skip to main content

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

  • Chapter
  • First Online:
Revolution of Innovation Management

Abstract

The aim of this chapter is to provide an overview of the most recent and relevant studies in the growing body of research on innovation in family firms, constituting a ubiquitous form of governance around the world. Moreover, we develop a framework grounded in the search and recombination view of the innovation process with the aim of providing a possible direction to orient future research in this interesting field.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 89.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 119.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Adler, P.S., and S.W. Kwon. 2002. Social Capital: Prospects for a New Concept. Academy of Management Review 27(1): 17–40.

    Google Scholar 

  • Agrawal, A. 2006. Engaging the Inventor: Exploring Licensing Strategies for University Inventions and the Role of Latent Knowledge. Strategic Management Journal 27(1): 63–79.

    Article  Google Scholar 

  • Almirall, E., and R. Casadesus-Masanell. 2010. Open versus Closed Innovation: A Model of Discovery and Divergence. Academy of Management Review 35(1): 27–47.

    Article  Google Scholar 

  • Amabile, T.M. 1988. A Model of Creativity and Innovation in Organizations. Research in Organizational Behavior 10: 123–167.

    Google Scholar 

  • Anderson, R.C., and D.M. Reeb. 2003. Founding-family Ownership and Firm Performance: Evidence from the S&P 500. The Journal of Finance 58(3): 1301–1328.

    Article  Google Scholar 

  • Arregle, J.L., M.A. Hitt, D.G. Sirmon, and P. Very. 2007. The Development of Organizational Social Capital: Attributes of Family Firms. Journal of Management Studies 44(1): 73–95.

    Article  Google Scholar 

  • Asaba, S. 2013. Patient Investment of Family Firms in the Japanese Electric Machinery Industry. Asia Pacific Journal of Management 30(3): 697–715.

    Article  Google Scholar 

  • Astrachan, J.H., and M.C. Shanker. 2003. ‘Family Businesses’ Contribution to the US Economy: A Closer Look. Family Business Review 16(3): 211–219.

    Article  Google Scholar 

  • Baysinger, B.D., R.D. Kosnik, and T.A. Turk. 1991. Effects of Board and Ownership Structure on Corporate R&D Strategy. The Academy of Management Journal 34: 205–214.

    Article  Google Scholar 

  • Block, J.H. 2012. R&D Investments in Family and Founder Firms: An Agency Perspective. Journal of Business Venturing 27(2): 248–265.

    Article  Google Scholar 

  • Blundell, R., R. Griffiths, and J. Van Reenen. 1999. Market Share, Market Value and Innovation in a Panel of British Manufacturing Firms. Review of Economic Studies 66: 529–554.

    Article  Google Scholar 

  • Burt, R.S. 1987. Social Contagion and Innovation: Cohesion Versus Structural Equivalence. American Journal of Sociology 92(6): 1287–1335.

    Article  Google Scholar 

  • Carney, M. 2005. Corporate Governance and Competitive Advantage in Family-Controlled Firms. Entrepreneurship Theory and Practice 29(3): 249–265.

    Article  Google Scholar 

  • Carney, M., and E. Gedajlovic. 2002. The Coupling of Ownership and Control and the Allocation of Financial Resources: Evidence from Hong Kong. Journal of Management Studies 39(1): 123–146.

    Article  Google Scholar 

  • Cavusgil, E., M.B. Talay, and S.H. Seggie. 2007. Dynamic Capabilities View: Foundations and Research Agenda. Journal of Marketing Theory and Practice 15(2): 159–166.

    Article  Google Scholar 

  • Chen, H.L., and W.T. Hsu. 2009. Family Ownership, Board Independence, and R&D Investment. Family Business Review 22(4): 347–362.

    Article  Google Scholar 

  • Chiesa, V. 2001. R&D Strategy and Organisation: Managing Technological Change in Dynamic Contexts. London: Imperial College Press.

    Google Scholar 

  • Chin, C.L., Y.J. Chen, G. Kleinman, and P. Lee. 2009. Corporate Ownership Structure and Innovation: Evidence from Taiwan’s Electronics Industry. Journal of Accounting Auditing Finance 24(1): 145–175.

    Article  Google Scholar 

  • Cho, S. 1992. Agency Costs, Management Stockholding, and Research and Development Expenditures. Seoul Journal of Economics 5(2): 127–152.

    Google Scholar 

  • Chrisman, J.J., J.H. Chua, A. De Massis, F. Frattini, and M. Wright. 2014a. The Ability and Willingness Paradox in Family Firm Innovation. Journal of Product Innovation Management 32(3): 310–318.

    Article  Google Scholar 

  • Chrisman, J.J., J.H. Chua, A.W. Pearson, and T. Barnett. 2012. Family Involvement, Family Influence, and Family-centered Non-economic Goals in Small Firms. Entrepreneurship Theory and Practice 36(2): 267–293.

    Article  Google Scholar 

  • Chrisman, J.J., H. Fang, J. Kotlar, and A. De Massis. 2014b. A Note on Family Influence and the Adoption of Discontinuous Technologies in Family Firms. Journal of Product Innovation Management 32(3): 384–388.

    Article  Google Scholar 

  • Chrisman, J.J., and P.C. Patel. 2012. Variations in R&D Investments of Family and Nonfamily Firms: Behavioral Agency and Myopic Loss Aversion Perspectives. Academy of Management Journal 55(4): 976–997.

    Article  Google Scholar 

  • Christensen, C.M. 1997. The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail. Boston, MA: Harvard Business School Press.

    Google Scholar 

  • Chua, J.H., J.J. Chrisman, and P. Sharma. 1999. Defining the Family Business by Behavior. Entrepreneurship Theory and Practice 23(4): 19–39.

    Google Scholar 

  • Cirillo, B., S. Brusoni, and G. Valentini. 2013. The Rejuvenation of Inventors Through Corporate Spinouts. Organization Science 25(6): 1764–1784.

    Article  Google Scholar 

  • Classen, N., A. van Gils, Y. Bammens, and M. Carree. 2012. Accessing Resources from Innovation Partners: The Search Breadth of Family SMEs. Journal of Small Business Management 50(2): 191–215.

    Article  Google Scholar 

  • Czarnitzki, D., and K. Kraft. 2004. Management Control and Innovative Activity. Review of Industrial Organization 24(1): 1–24.

    Article  Google Scholar 

  • ———. 2009. Capital Control, Debt Financing and Innovative Activity. Journal of Economic Behavior & Organization 71(2): 372–383.

    Article  Google Scholar 

  • Dahlander, L., and D.M. Gann. 2010. How Open is Innovation? Research Policy 39(6): 699–709.

    Article  Google Scholar 

  • Damanpour, F., and S. Gopalakrishnan. 2001. The Dynamics of the Adoption of Product and Process Innovations in Organizations. Journal of Management Studies 38(1): 45–65.

    Article  Google Scholar 

  • David, P., M.A. Hitt, and J. Gimeno. 2001. The Influence of Activism by Institutional Investors on R&D. Academy of Management Journal 44(1): 144–157.

    Article  Google Scholar 

  • De Massis, A., A. Di Minin, and F. Frattini. 2015. Family-Driven Innovation: Resolving the Paradox in Family Firms. California Management Review 58(1): 5–19.

    Article  Google Scholar 

  • De Massis, A., F. Frattini, J. Kotlar, A. Messeni Petruzzelli, and M. Wright. 2016a. Innovation Through Tradition: Lessons From Innovative Family Businesses and Directions For Future Research. Academy of Management Perspectives, in press. doi: 10.5465/amp.2015.0017.

  • De Massis, A., F. Frattini, and U. Lichtenthaler. 2012. Research on Technological Innovation in Family Firms: Present Debates and Future Directions. Family Business Review 26(1): 10–31.

    Article  Google Scholar 

  • De Massis, A., F. Frattini, E. Pizzurno, and L. Cassia. 2013. Product Innovation in Family vs Non-Family Firms: An Exploratory Analysis. Journal of Small Business Management 51(1): 1–39.

    Article  Google Scholar 

  • De Massis, A., J. Kotlar, J. Chua, and J.J. Chrisman. 2014. Ability and Willingness as Sufficiency Conditions for Family-oriented Particularistic Behavior: Implications for Theory and Empirical Studies. Journal of Small Business Management 52(2): 344–364.

    Article  Google Scholar 

  • De Massis, A., J. Kotlar, F. Frattini, J.J. Chrisman and M. Nordqvist. (2016b). Family Governance at Work: Organizing for New Product Development in Family SMEs. Family Business Review, in press. doi: 10.1177/0894486515622722.

  • Donaldson, L. 1990. The Ethereal Hand: Organizational Economics and Management Theory. Academy of Management Review 15(3): 369–381.

    Google Scholar 

  • Dunn, B. 1996. Family Enterprises in the UK: A Special Sector? Family Business Review 9(2): 139–155.

    Article  Google Scholar 

  • Duran, P., N. Kammerlander, M. van Essen, and T. Zellweger. 2015. Doing More with Less: Innovation Input and Output in Family Firms. Academy of Management Journal, forthcoming.

    Google Scholar 

  • Durand, R., and V. Vargas. 2003. Ownership, Organization, and Private Firms Efficient Use of Resources. Strategic Management Journal 24(7): 667–675.

    Article  Google Scholar 

  • Dyer, W.G. 2003. The Family: The Missing Variable in Organizational Research. Entrepreneurship Theory and Practice 27(4): 401–416.

    Article  Google Scholar 

  • Eisenhardt, K.M., and J.A. Martin. 2000. Dynamic capabilities: What are they? Strategic Management Journal 21(10/11): 1105–1121.

    Article  Google Scholar 

  • Eisenhardt, K.M., and C.B. Schoonhoven. 1990. Organizational growth: Linking Founding Team, Strategy, Environment, and Growth among US Semiconductor Ventures 1978–1988. Administrative Science Quarterly 35(3): 504–529.

    Article  Google Scholar 

  • Ernst, H. 2002. Success Factors of New Product Development: A Review of the Empirical Literature. International Journal of Management Reviews 4(1): 1–40.

    Article  Google Scholar 

  • Faems, D., M. Janssens, A. Madhok, and B. Van Looy. 2008. Toward an Integrative Perspective on Alliance Governance: Connecting Contract Design, Trust Dynamics, and Contract Application. Academy of Management Journal 51(6): 1053–1078.

    Article  Google Scholar 

  • Fama, E.F., and M.C. Jensen. 1983. Separation of Ownership and Control. Journal of law and Economics 26(2): 301–325.

    Article  Google Scholar 

  • Ferreras-Méndez, J.L., S. Newell, A. Fernández-Mesa, and J. Alegre. 2015. Depth and Breadth of External Knowledge Search and Performance: The Mediating Role of Absorptive Capacity. Industrial Marketing Management 47: 86–97.

    Article  Google Scholar 

  • Fini, R., N. Lacetera, and S. Shane. 2010. Inside or Outside the IP System? Business Creation in Academia. Research Policy 39(8): 1060–1069.

    Article  Google Scholar 

  • Gagné, M., and E.L. Deci. 2005. Self Determination Theory and Work Motivation. Journal of Organizational Behavior 26(4): 331–362.

    Article  Google Scholar 

  • Gagné, M., P. Sharma, and A. De Massis. 2014. The Study of Organizational Behavior in Family Business. European Journal of Work and Organizational Psychology 23(5): 643–656.

    Article  Google Scholar 

  • García-Álvarez, E., and J. López-Sintas. 2001. A Taxonomy of Founders Based on Values: The Root of Family Business Heterogeneity. Family Business Review 14(3): 209–230.

    Article  Google Scholar 

  • Gedajlovic, E., and M. Carney. 2010. Markets, Hierarchies, and Families: Toward a Transaction Cost Theory of the Family Firm. Entrepreneurship Theory and Practice 34(6): 1145–1172.

    Article  Google Scholar 

  • Gedajlovic, E., Q. Cao, and H. Zhang. 2011. Corporate Shareholdings and Organizational Ambidexterity in High-tech SMEs: Evidence from a Transitional Economy. Journal of Business Venturing 27(6): 652–665.

    Article  Google Scholar 

  • Gedajlovic, E., M.H. Lubatkin, and W.S. Schulze. 2004. Crossing the Threshold from Founder Management to Professional Management: A Governance Perspective. Journal of Management Studies 41(5): 899–912.

    Article  Google Scholar 

  • Gesing, J., D. Antons, E.P. Piening, M. Rese, and T.O. Salge. 2015. Joining Forces or Going It Alone? On the Interplay among External Collaboration Partner Types, Interfirm Governance Modes, and Internal R&D. Journal of Product Innovation Management 32(3): 424–440.

    Article  Google Scholar 

  • Gomez-Mejia, L.R., C. Cruz, P. Berrone, and J. De Castro. 2011. The Bind That Ties: Socioemotional Wealth Preservation in Family Firms. The Academy of Management Annals 5(1): 653–707.

    Article  Google Scholar 

  • Gómez-Mejía, L.R., K.T. Haynes, M. Núñez-Nickel, K.J.L. Jacobson, and J. Moyano-Fuentes. 2007. Socioemotional Wealth and Business Risks in Family-controlled Firms: Evidence from Spanish Olive Oil Mills. Administrative Science Quarterly 52(1): 106–137.

    Google Scholar 

  • Gómez-Mejía, L.R., M. Nunez-Nickel, and I. Gutierrez. 2001. The Role of Family Ties in Agency Contracts. Academy of Management Journal 44(1): 81–95.

    Article  Google Scholar 

  • Greer, C.R., and D. Lei. 2012. Collaborative Innovation with Customers: A Review of the Literature and Suggestions for Future Research. International Journal of Management Reviews 14(1): 63–84.

    Article  Google Scholar 

  • Grimpe, C., and U. Kaiser. 2010. Balancing Internal and External Knowledge Acquisition: The Gains and Pains from R&D Outsourcing. Journal of Management Studies 47(8): 1483–1509.

    Article  Google Scholar 

  • Gudmundson, D., C.B. Tower, and E.A. Hartman. 2003. Innovation and Small Business: Culture and Ownership Structure Do Matter. Journal of Developmental Entrepreneuship 8(1): 1–17.

    Google Scholar 

  • Habbershon, T.G., M. Williams, and I.C. MacMillan. 2003. A Unified Systems Perspective of Family Firm Performance. Journal of Business Venturing 18: 451–465.

    Article  Google Scholar 

  • Hall, B.H., and R. Oriani. 2006. Does the Market Value R&D Investment by European Firms? Evidence from a Panel of Manufacturing firms in France, Germany, and Italy. International Journal of Industrial Organization 24(5): 971–993.

    Article  Google Scholar 

  • Hargadon, A.B., and Y. Douglas. 2001. When Innovations Meet Institutions: Edison and the Design of Electric Light. Administrative Science Quarterly 46(3): 476–501.

    Article  Google Scholar 

  • Hatch, N.W., and J.H. Dyer. 2004. Human Capital and Learning as a Source of sustainable competitive advantage. Strategic Management Journal 25(12): 1155–1178.

    Article  Google Scholar 

  • Helfat, C.E. 2007. Dynamic Capabilities: Understanding Strategic Change in Organizations. Malden, MA: Wiley-Blackwell.

    Google Scholar 

  • Henderson, R., and K.B. Clark. 1990. Architectural Innovation: The Reconfiguration of Existing Product Technologies and the Failure of Established Firms. Administrative Science Quarterly 35(1): 9–30.

    Article  Google Scholar 

  • Hill, C.W., and S.A. Snell. 1989. Effects of Ownership Structure and Control on Corporate Productivity. Academy of Management Journal 32(1): 25–46.

    Article  Google Scholar 

  • Hitt, M.A., R.D. Ireland, S.M. Camp, and D.L. Sexton. 2002. Strategic Entrepreneurship: Integrating Entrepreneurial and Strategic Management Perspectives. In Strategic Entrepreneurship: Creating a New Mindset, ed. M.A. Hitt, R.D. Ireland, S.M. Camp, and D.L. Sexton, 1–16. Oxford, UK: Wiley-Blackwell.

    Chapter  Google Scholar 

  • Hoegl, M., M. Gibbert, and D. Mazursky. 2008. Financial Constraints in Innovation Projects: When is Less More? Research Policy 37: 1382–1391.

    Article  Google Scholar 

  • Hoskisson, R.E., M.A. Hitt, R.A. Johnson, and W. Grossman. 2002. Conflicting Voices, the Effects of Institutional Ownership Heterogeneity and Internal Governance on Corporate Innovation Strategies. Academy of Management Journal 45(4): 697–716.

    Article  Google Scholar 

  • Hosono, K., M. Tomiyama, and T. Miyagawa. 2004. Corporate Governance and Research and Development: Evidence from Japan. Economics of Innovation and New Technology 13(2): 141–164.

    Article  Google Scholar 

  • Jansen, J.J.P., Z. Simsek, and Q. Cao. 2012. Ambidexterity and Performance in Multi-unit Contexts: Cross-level Moderating Effects of Structural and Resource Attributes. Strategic Management Journal 33(11): 1286–1303.

    Article  Google Scholar 

  • Jenkins, M. 2010. Technological Discontinuities and Competitive Advantage: A Historical Perspective on Formula 1 Motor Racing 1950–2006. Journal of Management Studies 47(5): 884–910.

    Article  Google Scholar 

  • Jensen, M.C., and W.H. Meckling. 1976. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics 3(4): 305–360.

    Article  Google Scholar 

  • Katila, R. 2002. New Product Search Over Time, Past Ideas in Their Prime? Academy of Management Journal 45(5): 995–1010.

    Article  Google Scholar 

  • König, A., N. Kammerlander, and A. Enders. 2013. The Family Innovator’s Dilemma: How Family Influence Affects the Adoption of Discontinuous Technologies by Incumbent Firms. Academy of Management Review 38(3): 418–441.

    Article  Google Scholar 

  • Kotlar, J., and A. De Massis. 2013. Goal Setting in Family Firms: Goal Diversity, Social Interactions, and Collective Commitment to Family-Centered Goals. Entrepreneurship Theory & Practice 37(6): 1263–1288.

    Article  Google Scholar 

  • Kotlar, J., A. De Massis, H. Fang, and F. Frattini. 2014b. Strategic Reference Points in Family Firms. Small Business Economics 43(3): 597–619.

    Article  Google Scholar 

  • Kotlar, J., A. De Massis, F. Frattini, M. Bianchi, and H. Fang. 2013. Technology Acquisition in Family and Nonfamily Firms: A Longitudinal Analysis of Spanish Manufacturing Firms. Journal of Product Innovation Management 30(6): 1073–1088.

    Article  Google Scholar 

  • Kotlar, J., H. Fang, A. De Massis, and F. Frattini. 2014a. Profitability Goals, Control Goals, and the R&D Investment Decisions of Family and Non-family Firms. Journal of Product Innovation Management 31(6): 1128–1145.

    Article  Google Scholar 

  • La Porta, R., F. Lopez-de-Silanes, A. Shleifer, and R. Vishny. 1999. Corporate Ownership Around the World. Journal of Finance 54(2): 471–517.

    Article  Google Scholar 

  • Laursen, K., and A. Salter. 2006. Open for Innovation: The Role of Openness in Explaining Innovation Performance among U.K. Manufacturing Firms. Strategic Management Journal 27(2): 131–150.

    Article  Google Scholar 

  • Lavie, D., and I. Drori. 2012. Collaborating for Knowledge Creation and Application: The Case of Nanotechnology Research Programs. Organization Science 23(3): 704–724.

    Article  Google Scholar 

  • Le Breton Miller, I., and D. Miller. 2006. Why Do Some Family Businesses Out Compete? Governance, Long Term Orientations, and Sustainable Capability. Entrepreneurship Theory and Practice 30(6): 731–746.

    Article  Google Scholar 

  • Lee, P.M., and H.M. O’Neil. 2003. Ownership Structures and R&D Investments of U.S. and Japanese Firms: Agency and Stewardship Perspectives. Academy of Management Journal 46: 212–225.

    Article  Google Scholar 

  • Lichtenthaler, U., and E. Lichtenthaler. 2009. A Capability-based Framework for Open Innovation: Complementing Absorptive Capacity. Journal of Management Studies 46(8): 1315–1338.

    Article  Google Scholar 

  • Lin, N. 2001. Social Capital: A Theory of Social Structure and Action. Cambridge: Cambridge University Press.

    Book  Google Scholar 

  • Llach, J., and M. Nordqvist. 2010. Innovation in Family and Non-family Businesses: A Resource Perspective. International Journal of Entrepreneurial Venturing 2(3/4): 381–399.

    Article  Google Scholar 

  • Lumpkin, G.T., and K.H. Brigham. 2011. Long-term Orientation and Intertemporal Choice in Family Firms. Entrepreneurship Theory and Practice 35(6): 1149–1169.

    Article  Google Scholar 

  • Mayer, R.C., J.H. Davis, and F.D. Schoorman. 1995. An Integrative Model of Organizational Trust. Academy of Management Review 20(3): 709–734.

    Google Scholar 

  • Melin, L., and M. Nordqvist. 2007. The Reflexive Dynamics of Institutionalization: The Case of the Family Business. Strategic Organization 5(3): 321–333.

    Article  Google Scholar 

  • Messeni Petruzzelli, A., and V. Albino. 2012. When Tradition Turns into Innovation. How Firms Can Create and Appropriate Value Through Tradition. Oxford, UK: Chandos Publishing.

    Google Scholar 

  • Miller, D., I. Le Breton-Miller, and B. Scholnick. 2008. Stewardship vs. Stagnation: An Empirical Comparison of Small Family and Non-Family Businesses. Journal of Management Studies 45(1): 51–78.

    Google Scholar 

  • Mishra, C.S., and D.L. McConaughy. 1999. Founding Family Control and Capital Structure: The Risk of Loss of Control and the Aversion to Debt. Entrepreneurship Theory and Practice 23(4): 53–64.

    Google Scholar 

  • Munari, F., R. Oriani, and R. Sobrero. 2010. The Effects of Owner Identity and External Governance Systems on R&D Investments: A Study of Western European Firms. Research Policy 39(8): 1093–1104.

    Article  Google Scholar 

  • Nerkar, A. 2003. Old is Gold? The Value of Temporal Exploration in the Creation of New Knowledge. Management Science 49(2): 211–229.

    Article  Google Scholar 

  • Nieto, J., and L. Santamaría. 2010. Technological Collaboration: Bridging the Innovation Gap Between Small and Large Firms. Journal of Small Business Management 48(1): 44–69.

    Article  Google Scholar 

  • O’Reilly, C.A., and M.L. Tushman. 2004. The Ambidextrous Organization. Harvard Business Review 82(4): 74–81.

    Google Scholar 

  • Perkmann, M., V. Tartari, M. McKelvey, E. Autio, A. Broström, P. D’Este, and S. Krabel. 2013. Academic Engagement and Commercialisation: A Review of the Literature on University–Industry Relations. Research Policy 42(2): 423–442.

    Article  Google Scholar 

  • Pertuze, J.A., E.S. Calder, E.M. Greitzer, and W.A. Lucas. 2010. Best Practices for Industry-University Collaboration. MIT Sloan Management Review 51(4): 83–90.

    Google Scholar 

  • Pittaway, L., M. Robertson, K. Munir, and D. Denyer. 2004. Networking and Innovation: A Review of the Evidence Networking and Innovation: A Systematic Review of the Evidence. International Journal of Management Reviews 5(3): 137–168.

    Article  Google Scholar 

  • Ray, G., J. Barney, and W. Muhanna. 2004. Capabilities, Business Processes, and Competitive Advantage: Choosing the Dependent Variable in Empirical Tests of the Resource-Based View. Strategic Management Journal 25(1): 23–37.

    Article  Google Scholar 

  • Robertson, M., J. Swan, and S. Newell. 1996. The Role of Networks in the Diffusion of Technological Innovation. Journal of Management Studies 33(3): 333–359.

    Article  Google Scholar 

  • Romano, C.A. 1990. Identifying Factors Which Influence Product Innovation: A Case Study Approach. Journal of Management Studies 27(1): 75–95.

    Article  Google Scholar 

  • Rothaermel, F.T., and A.M. Hess. 2007. Building Dynamic Capabilities: Innovation Driven by Individual-, firm-, and Network-level Effects. Organization Science 18(6): 898–921.

    Article  Google Scholar 

  • Ryan, R.M., and E.L. Deci. 2000. Self-determination Theory and the Facilitation of Intrinsic Motivation, Social Development, and Well-being. American Psychologist 55(1): 68–78.

    Article  Google Scholar 

  • Santoro, M.D., and S.C. Betts. 2002. Making Industry-University Partnerships Work. Research-Technology Management 45(3): 42–46.

    Google Scholar 

  • Savino, T., A. Messeni Petruzzelli, and V. Albino. 2015. Search and Recombination Process to Innovate: A Review of the Empirical Evidence and a Research Agenda. International Journal of Management Reviews 00: 1–22.

    Google Scholar 

  • Schoorman, F.D., R.C. Mayer, and J.H. Davis. 2007. An Integrative Model of Organizational Trust: Past, Present, and Future. Academy of Management Review 32(2): 344–354.

    Article  Google Scholar 

  • Schulze, W.S., and E.R. Geidajlovic. 2010. Guest Editors’ Introduction. Whither Family Business? Journal of Management Studies 47(2): 191–204.

    Article  Google Scholar 

  • Sciascia, S., M. Nordqvist, P. Mazzola, and A. De Massis. 2014. Family Ownership and R&D Intensity in Small and Medium-Sized Firms. Journal of Product Innovation Management 32(3): 349–360.

    Article  Google Scholar 

  • Senyard, J.M., P. Davidsson, T. Baker, and P.R. Steffens. 2011. Resource Constraints in Innovation: The Role of Bricolage in New Venture Creation and Firm Development. In Proceedings of the 8th AGSE International Entrepreneurship Research Exchange, ed. A. Maritz, 609–622. Melbourne, VIC: Swinburne University of Technology.

    Google Scholar 

  • Sharma, P., and M. Nordqvist. 2008. A Classification Scheme for Family Firms: From Family Values to Effective Governance to Firm Performance. In Family Values and Value Creation: How Do Family-owned Businesses Foster Enduring Values, ed. J. Tapies and J.L. Ward, 71–101. New York, NY: Palgrave Macmillan.

    Google Scholar 

  • Sharma, P., C. Salvato, and T. Reay. 2014. Temporal Dimensions of Family Enterprise Research. Family Business Review 27(1): 10–19.

    Article  Google Scholar 

  • Shepherd, D.A., and J.A. Katz. 2004. Innovation and Corporate Entrepreneurship. In Advances in Entrepreneurship, Firm Emergence and Growth, ed. D.A. Shepherd and J.A. Katz, 1–6. Bingley: Emerald Group Publishing Limited.

    Google Scholar 

  • Simsek, Z., C. Heavey, J.F. Veiga, and D. Souder. 2009. A Typology for Aligning Organizational Ambidexterity Conceptualizations, Antecedents and Outcomes. Journal of Management Studies 46(5): 864–894.

    Article  Google Scholar 

  • Sirmon, D.G., and M.A. Hitt. 2003. Managing Resources: Linking Unique Resources, Management, and Wealth Creation in Family Firms. Entrepreneurship Theory and Practice 27(4): 339–358.

    Article  Google Scholar 

  • Steijvers, T., and W. Voordeckers. 2009. Private Family Ownership and the Agency Costs of Debt. Family Business Review 22(4): 333–346.

    Article  Google Scholar 

  • Tagiuri, R., and J. Davis. 1996. Bivalent Attributes of the Family Firm. Family Business Review 9(2): 199–208.

    Article  Google Scholar 

  • Teece, D.J. 2007. Explicating Dynamic Capabilities: The Nature and Microfoundations of (Sustainable) Enterprise Performance. Strategic Management Journal 28(13): 1319–1350.

    Article  Google Scholar 

  • Teece, D.J., G. Pisano, and A. Shuen. 1997. Dynamic Capabilities and Strategic Management. Strategic Management Journal 18(7): 509–533.

    Article  Google Scholar 

  • Toole, A.A., and D. Czarnitzki. 2010. Commercializing Science: Is There a University “Brain Drain” from Academic Entrepreneurship? Management Science 56(9): 1599–1614.

    Article  Google Scholar 

  • Tushman, M.A., and C.A. O’Reilly III. 1996. Ambidextrous Organizations: Managing Evolutionary and Revolutionary Change. California Management Review 38(4): 7–30.

    Article  Google Scholar 

  • Van Beers, C.A., R. Ortt Kleinknecht, and V. Verburg. 2008. Determinants of Innovative Behaviour: A Firm’s Internal Practices and Its External Environment. Houndmills, UK: Palgrave.

    Book  Google Scholar 

  • Van De Vrande, V., W. Vanhaverbeke, and G. Duysters. 2009. External Technology Sourcing: The Effect of Uncertainty on Governance Mode Choice. Journal of Business Venturing 24(1): 62–80.

    Article  Google Scholar 

  • Van den Bulte, C., and G.L. Lilien. 2001. Medical Innovation Revisited: Social Contagion Versus Marketing Effort. American Journal of Sociology 106(5): 1409–1435.

    Article  Google Scholar 

  • Verona, G., and D. Ravasi. 2004. Unbundling Dynamic Capabilities: An Exploratory Study of Continuous Product Innovation. Industrial and Corporate Change 12(3): 577–606.

    Article  Google Scholar 

  • Villalonga, B., and R. Amit. 2009. How are US Family Firms Controlled? Review of Financial Studies 22(8): 3047–3091.

    Article  Google Scholar 

  • Wernerfelt, B. 1984. A Resource-based View of the Firm. Strategic Management Journal 5(2): 171–180.

    Article  Google Scholar 

  • West, J., and M. Bogers. 2014. Leveraging External Sources of Innovation: A Review of Research on Open Innovation. Journal of Product Innovation Management 31(4): 814–831.

    Article  Google Scholar 

  • Westhead, P. 1997. Ambitions, External Environment and Strategic Factor Differences Between Family and Non-family Companies. Entrepreneurship & Regional Development 9: 127–158.

    Article  Google Scholar 

  • Westhead, P., and C. Howorth. 2007. Types of Private Family Firms: An Exploratory Conceptual and Empirical Analysis. Entrepreneurship and Regional Development 19(5): 405–431.

    Article  Google Scholar 

  • Wilson, K., and Y.L. Doz. 2011. Agile Innovation: A Footprint Balancing Distance and Immersion. California Management Review 53(2): 6–26.

    Article  Google Scholar 

  • Wright, M., and F. Kellermanns. 2012. Family Firms: A Research Agenda and Publication Guide. Journal of Family Business Strategy 2(4): 187–198.

    Article  Google Scholar 

  • Wu, Z., J.H. Chua, and J.J. Chrisman. 2007. Effects of Family Ownership and Management on Small Business Equity Financing. Journal of Business Venturing 22: 875–895.

    Article  Google Scholar 

  • Zahra, S.A. 1996. Governance, Ownership, and Corporate Entrepreneurship, the Moderating Impact of Industry Technological Opportunities. Academy of Management Journal 39: 1713–1735.

    Article  Google Scholar 

  • ———. 2005. Entrepreneurial Risk Taking in Family Firms. Family Business Review 18(1): 23–40.

    Article  Google Scholar 

  • Zahra, S.A., J.C. Hayton, D.O. Neubaum, C. Dibrell, and J. Craig. 2008. Culture of Family Commitment and Strategic Flexibility: The Moderating Effect of Stewardship. Entrepreneurship Theory and Practice 32(6): 1035–1054.

    Article  Google Scholar 

  • Zahra, S.A., J.C. Hayton, and C. Salvato. 2004. Entrepreneurship in Family vs. Non-family Firms: A Resource Based Analysis of the Effect of Organizational Culture. Entrepreneurship Theory and Practice 28(4): 363–381.

    Article  Google Scholar 

  • Zahra, S.A., A.P. Nielsen, and W.C. Bogner. 1999. Corporate Entrepreneurship, Knowledge, and Competence Development. Entrepreneurship Theory and Practice 23(3): 169–190.

    Google Scholar 

  • Zellweger, T. 2007. Time Horizon, Costs of Equity Capital, and Generic Investment Strategies of Firms. Family Business Review 20(1): 1–15.

    Article  Google Scholar 

  • Zellweger, T., R.S. Nason, M. Nordqvist, and C. Brush. 2010. Why Do Family Firms Strive for Nonfinancial Goals? An Organizational Identity Perspective. Entrepreneurship Theory and Practice 37(2): 229–248.

    Article  Google Scholar 

  • Zhang, J., and C. Baden-Fuller. 2010. The Influence of Technological Knowledge Base and Organizational Structure on Technological Collaboration. Journal of Management Studies 47(4): 679–704.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Copyright information

© 2017 The Author(s)

About this chapter

Cite this chapter

Urbinati, A., Franzò, S., De Massis, A., Frattini, F. (2017). Innovation in Family Firms: A Review of Prior Studies and a Framework for Future Research. In: Brem, A., Viardot, E. (eds) Revolution of Innovation Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95123-9_8

Download citation

Publish with us

Policies and ethics