How negative aspiration performance gaps affect innovation efficiency

Lizano, Montserrat Manzaneque; Ramirez, Alfonso A. Rojo; Diéguez‐Soto, Julio; Martínez‐Romero, María J.

doi:10.1007/s11187-018-0091-8

Cited by 51 publications

(45 citation statements)

References 147 publications

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“…We thus adopt an objective measure of family influence on decision-making, focusing on the family status of the top management team. This FF definition is consistent with prior family business studies (e.g., Cruz, Gómez-Mejia, & Becerra, 2010; Kotlar et al, 2013; Kotlar, De Massis, Fang, & Frattini, 2014a; Manzaneque, Rojo-Ramírez, Diéguez-Soto, & Martínez-Romero, 2018).…”

Section: Methodssupporting

confidence: 84%

Combining Internal and External R&D: The Effects on Innovation Performance in Family and Nonfamily Firms

Muñoz‐Bullón

Sánchez-Bueno

Massis

2019

Entrepreneurship Theory and Practice

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We examine the effect of combining internal and external R&D loci on innovation performance in family firms (FF) and nonfamily firms (non-FFs). Our longitudinal analysis of 27,438 firm-year observations of Spanish manufacturing firms from 1990 to 2016 shows that FFs can better exploit the benefits of simultaneously engaging in internal and external R&D activities, leading to a positive effect on innovation performance. Moreover, the relationship between combined internal and external R&D and innovation performance in FFs is contingent upon firm economic performance. By pointing to the importance of taking into account the combination of internal and external R&D loci to foster innovation in FFs, we challenge current family business innovation research.

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Section: Methodssupporting

confidence: 84%

Combining Internal and External R&D: The Effects on Innovation Performance in Family and Nonfamily Firms

Muñoz‐Bullón

Sánchez-Bueno

Massis

2019

Entrepreneurship Theory and Practice

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“…Twelve different models (six in each table) were estimated to check the hypotheses, in order to explore various alternatives in which the innovation activities were entered either separately or together simultaneously. In all specifications, the innovation variables were lagged because both innovation inputs and innovation outputs influence future firm realization in subsequent years [94,104]. Table 3 allows checking the first four hypotheses.…”

Section: Methodsmentioning

confidence: 99%

“…Various control variables that are similar to those utilized in prior performance studies [83,94] were adopted to ensure adequate model specification. First, the authors controlled for firm size, measured by total sales, due to larger firms may possess certain advantages such as greater capabilities, better skills, or market power, which may positively influence the obtaining of performance outcomes [92,95].…”

Section: Control Variablesmentioning

confidence: 99%

Examining the Impact of Innovation Forms on Sustainable Economic Performance: The Influence of Family Management

2019

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The aim of this research is to explore the effect that innovation, as a potential source of sustained competitive advantage and firm growth, has on the achievement of sustainable economic performance. In particular, this paper empirically examines the influence of four innovation forms (intramural R&D, extramural R&D, product innovation, and process innovation) on firms’ sustainable economic performance, considering the moderating effect of family involvement in management. To test the hypotheses, random-effects regression analyses are applied to a longitudinal sample of 598 Spanish private manufacturing firms throughout the 2006–2015 period. The results show a negative effect of intramural and extramural R&D on sustainable economic performance and a positive effect of process innovation on sustainable economic performance. Moreover, a reinforced relationship between process innovation and sustainable economic performance is also revealed when family involvement in management acts as a moderator. The findings make several contributions to research and practice.

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“…TI efficiency can be settled as the relative capability of a firm to achieve TI outputs given a certain quantity of TI inputs (Cruz-Cázares et al , 2013; Manzaneque, Rojo-Ramírez, Diéguez-Soto and Martínez-Romero, 2018). Whereas prior studies have mostly focused on analysing the antecedents of TI efficiency (e.g.…”

Section: Introductionmentioning

confidence: 99%

The impact of technological innovation efficiency on firm growth

Martínez-Alonso

Martínez‐Romero

Ramirez

2019

EJIM

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Purpose The purpose of this paper is to offer new insights regarding an issue that has attracted the interest of multitude academics and practitioners in business management and family firm literature: technological innovation (TI). Specifically, this study brings new knowledge regarding both the impact of TI efficiency on firm growth and the moderating role of family involvement in management on such relationship. Design/methodology/approach The authors use a matched-pairs design and an ordinary least squares regression analysis to examine a sample of 152 Spanish manufacturing firms. Findings First, the authors show that firms obtaining higher TI efficiency are also those that achieve superior growth. Second, the authors reveal that as family involvement in management increases, the positive effect that TI efficiency exerts on firm growth is strengthened. Practical implications This study suggests that family managers should essentially consider various aspects such as tacit knowledge, social capital and long-standing collaborations with stakeholders to reinforce the relationship between TI efficiency and firm growth. Originality/value To the best of the authors’ knowledge, this is the first study that analyses the effect of TI efficiency on firm growth, as well as, when and to what extent family involvement in management influences the TI efficiency–growth relationship. Thus, this paper provides a deeper understanding of the importance that family managers could have on firm growth deriving from TI efficiency.

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How negative aspiration performance gaps affect innovation efficiency

Cited by 51 publications

References 147 publications

Combining Internal and External R&D: The Effects on Innovation Performance in Family and Nonfamily Firms

Combining Internal and External R&D: The Effects on Innovation Performance in Family and Nonfamily Firms

Examining the Impact of Innovation Forms on Sustainable Economic Performance: The Influence of Family Management

The impact of technological innovation efficiency on firm growth

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