This study examines the influence of external sources of knowledge on innovation in a sample of Spanish manufacturing firms during the period 2002-2015. By differentiating firms according to their family status, our results reveal that the probability of engaging in product and process innovations is higher for family-managed firms involved in R&D cooperation with a varied group of partners. Additionally, our findings provide support for the role of R&D-oriented family-managed firms in easing the flow of knowledge and information for innovation at regional level (i.e. family firm-led knowledge spillovers). Because of their unique social capital and embeddedness in the local setting, family-managed firms contribute to creating a favourable regional environment for innovation for all co-located firms. However, this result holds only when the geographical concentration of R&D-oriented family-managed firms is coupled with technological proximity. Theoretical, policy and managerial implications are discussed.

Family-managed firms, external sources of knowledge and innovation / Amato, Stefano; Ricotta, Fernanda; Basco, Rodrigo. - In: INDUSTRY AND INNOVATION. - ISSN 1366-2716. - 29:6(2022), pp. 701-733. [10.1080/13662716.2021.1976623]

Family-managed firms, external sources of knowledge and innovation

Amato, Stefano
Primo
;
2022-01-01

Abstract

This study examines the influence of external sources of knowledge on innovation in a sample of Spanish manufacturing firms during the period 2002-2015. By differentiating firms according to their family status, our results reveal that the probability of engaging in product and process innovations is higher for family-managed firms involved in R&D cooperation with a varied group of partners. Additionally, our findings provide support for the role of R&D-oriented family-managed firms in easing the flow of knowledge and information for innovation at regional level (i.e. family firm-led knowledge spillovers). Because of their unique social capital and embeddedness in the local setting, family-managed firms contribute to creating a favourable regional environment for innovation for all co-located firms. However, this result holds only when the geographical concentration of R&D-oriented family-managed firms is coupled with technological proximity. Theoretical, policy and managerial implications are discussed.
2022
6
Amato, Stefano; Ricotta, Fernanda; Basco, Rodrigo
Family-managed firms, external sources of knowledge and innovation / Amato, Stefano; Ricotta, Fernanda; Basco, Rodrigo. - In: INDUSTRY AND INNOVATION. - ISSN 1366-2716. - 29:6(2022), pp. 701-733. [10.1080/13662716.2021.1976623]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11572/378832
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