Innovation as a mixed gamble in family firms: the moderating effect of inter-organizational cooperation

Kim, Taewoo; Sexton, Jennifer C.; Marler, Laura E.

doi:10.1007/s11187-022-00668-9

Cited by 12 publications

(3 citation statements)

References 108 publications

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“…Several studies indicate that characteristics of family goals and governance moderate the relationship between family involvement and innovation in family SMEs. First, family ownership seems to have a U-shaped relationship with the propensity of family SMEs to patent (Chirico, Criaco, et al, 2020) and a negative relationship with the willingness of the firm to innovate (T. Kim et al, 2022).…”

Section: Strategic Change Research On Innovationmentioning

confidence: 99%

Strategic Change in Family Firms: A Review From an Institutional Environment and Firm Size Perspective

Skorodziyevskiy,

Sherlock,

et al. 2024

Family Business Review

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Using a framework that intersects strategic management and institutional economics, we show how differences in institutional environments and firm resources influence different types of strategic change (i.e., internationalization, innovation, and diversification) in family firms. We review 193 quantitative and qualitative articles to identify differences in strategic change and their performance consequences among family firms and between family and nonfamily firms. We conclude that institutional environments and firm resources impact not only the extent family firms engage in different types of strategic change but also their performance and long-term survival.

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Section: Strategic Change Research On Innovationmentioning

confidence: 99%

Strategic Change in Family Firms: A Review From an Institutional Environment and Firm Size Perspective

Skorodziyevskiy,

Sherlock,

et al. 2024

Family Business Review

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“…In the article, "How family firms use governance mechanisms to mitigate the risks of ecosystems: A case study from healthcare," Cobben et al, (2022) question how family firms use formal and informal governance mechanisms to mitigate relational and In the fourth article, "Innovation as a mixed gamble in family firms: The moderating effect of interorganizational cooperation," Kim et al, (2022) wonder how inter-organizational cooperation moderates the relationship between family ownership and firm innovation. Based on a sample of 2114 SMEs in South Korea, they show that inter-organizational cooperation by partnering with non-commercial organizations is associated with higher levels of innovation.…”

Section: Contemporary Research On the "Open Family Firm"mentioning

confidence: 99%

The “open family firm”: openness as boundary work in family enterprises

et al. 2022

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“Openness” has become an established norm in the contemporary business environment. However, despite the crucial importance of boundaries and boundary work in organization and management theory, openness—as opening up boundaries of family firms and entrepreneurial families in collaborating with external actors—has received only nascent attention in the family business domain. We introduce the notion of openness in the family business field. Drawing on the organizational boundary and family business literatures, we develop a conceptual framework of family firm openness as boundary work and examine and discuss the drivers, mechanisms, and consequences of openness in family enterprises. Then, drawing on this framework, we set out an agenda for future research that will contribute to a better understanding of openness, boundaries, and boundary work in family firms and entrepreneurial families. We conclude by discussing some contemporary examples of research on the “open family firm.”

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“…2.2 Networks moderate the relationship between family ownership and performance Several papers have demonstrated that both firms' internal capacity and collaboration with other firms affect productivity through several channels, such as new market opportunities, exploitation of scale economies, access to finance and innovation outcomes (Aiello et al 2023a, b;Cisi et al, 2020;Kim et al, 2022;Li et al, 2015).…”

Section: Introductionmentioning

confidence: 99%

Networks, ownership and productivity does firm age play a moderating role?

Aiello,

Cardamone,

Mannarino

et al. 2024

JES

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Purpose The purpose of this study is to investigate whether and how inter-firm cooperation and firm age moderate the relationship between family ownership and productivity.Design/methodology/approachWe first estimate the total factor productivity (TFP) of a large sample of Italian firms observed over the period 2010–2018 and then apply a Poisson random effects model.FindingsTFP is, on average, higher for non-family firms (non-FFs) than for FF. Furthermore, inter-organizational cooperation and firm age mitigate the negative effect of family ownership. In detail, it is found that belonging to a network acts as a moderator in different ways according to firm age. Indeed, young FFs underperform non-FF peers, although the TFP gap decreases with age. In contrast, the benefits of a formal network are high for older FFs, suggesting that an age-related learning process is at work.Practical implicationsThe study provides evidence that FFs can outperform non-FFs when they move away from Socio-Emotional Wealth-centered reference points and exploit knowledge flows arising from high levels of social capital. In the case of mature FFs, networking is a driver of TFP, allowing them to acquire external resources. Since FFs often do not have sufficient in-house knowledge and resources, they must be aware of the value of business cooperation. While preserving the familiar identity of small companies, networks grant FFs the competitive and scale advantages of being large.Originality/valueDespite the wide but ambiguous body of research on the performance gap between FFs and non-FFs, little is known about the role of FFs’ heterogeneity. This study has proven successful in detecting age as a factor in heterogeneity, specifically to explain the network effect on the link between ownership and TFP. Based on a representative sample, the study provides a solid framework for FFs, policymakers and academic research on family-owned companies.

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Innovation as a mixed gamble in family firms: the moderating effect of inter-organizational cooperation

Cited by 12 publications

References 108 publications

Strategic Change in Family Firms: A Review From an Institutional Environment and Firm Size Perspective

Strategic Change in Family Firms: A Review From an Institutional Environment and Firm Size Perspective

The “open family firm”: openness as boundary work in family enterprises

Networks, ownership and productivity does firm age play a moderating role?

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