R&D COLLABORATION BREADTH AND FAMILY-FIRM INNOVATION EFFICIENCY: THE ROLE OF FAMILY MANAGEMENT AND GENERATIONAL STAGE

Abstract

This paper examines the relationship between R&D collaboration breadth and innovation efficiency within family firms. Based on the socioemotional wealth approach and recognising that family firms constitute a rather heterogeneous group, we study family firms’ differences in the way of addressing the R&D collaboration breadth-innovation efficiency link, taking into account family management and the generational stage. Using a panel dataset of 424 manufacturing family firms during the 2007–2016 period, we find significant differences across family firms in the translation of gains from R&D collaboration breadth into innovation efficiency. Specifically, our findings reveal that family firms with higher levels of family management and in first generational stage weaken the R&D collaboration breadth – innovation efficiency link.

Bilateral Effects of ESG Responsibility Fulfillment of Industrial Companies on Green Innovation

“…A final valid sample of 615 firms was obtained, and 11 years of balanced panel data were used for parameter estimation. Drawing on the method of Martínez et al (2023) [50], the total amount of current R&D capital investment and the total number of current R&D personnel were used as the measures of R&D capital (lnCapital) and R&D personnel (lnLabor), respectively, and they were processed by adding 1 to take the natural logarithm. Since the quality of patent applications varies significantly among enterprises, Song and Han (2022) [51] used the number of green patents granted to enterprises to measure their R&D output level (lnGrPat), and considering that R&D activities need a certain amount of time, this paper takes the number of green patents granted to enterprises in the latter period as a measure of green innovation output and performs a natural logarithm processing by adding 1.…”