The Moderating Effect of Family Management on R&D Productivity in Privately Held Firms
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The aim of this chapter is to analyze the moderating effect of family management on the relationship between R&D inputs and R&D outcomes, that is, R&D productivity. Using a longitudinal sample of 337 Spanish privately held manufacturing firms, the results show that in general terms, although family managed firms invest less in R&D than their non-family managed counterparts, they reinforce the conversion of R&D inputs into R&D outcomes. Moreover, the findings reveal that the strengthening effect of family management on R&D productivity is contingent upon the level of R&D expenditures. Thus, this chapter contributes to shedding some light into the debate regarding innovation management in privately held family firms.
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2021 ◽
Vol ahead-of-print
(ahead-of-print)
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2019 ◽
Keyword(s):
2019 ◽
Vol 44
(5)
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pp. 996-1031
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2017 ◽
Vol 30
(1)
◽
pp. 23-39
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2020 ◽
Vol 18
(2)
◽
pp. 343-361
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