Innovation in Family Firms: The Relative Effects of Wealth Concentration Versus Family-Centered Goals

IF 9.9 1区管理学 Q1 BUSINESS

Family Business Review Pub Date : 2020-09-09 DOI:10.1177/0894486520953700

M. Becerra, C. Cruz, Chris Graves

引用次数: 28

Abstract

Drawing on agency and behavioral perspectives, we disentangle two critical determinants of innovation strategies among family firms, namely, the family’s wealth concentration (WC) in its business and the family’s emphasis on family-centered goals (FCGs). Our results from a survey of Australian family firms show opposite and completely independent effects of WC and family-centered noneconomic goals on family firms’ innovation strategies. While higher WC is negatively associated with firm innovation, a greater emphasis placed on family-centered noneconomic goals has a positive impact, which seems to be the key determinant of innovation strategies in family firms.

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家族企业创新：财富集中与以家族为中心目标的相对效应

利用代理和行为视角，我们梳理了家族企业创新战略的两个关键决定因素，即家族在企业中的财富集中度(WC)和家族对以家族为中心的目标(FCGs)的重视程度。我们对澳大利亚家族企业的调查结果表明，WC和以家族为中心的非经济目标对家族企业创新战略的影响是相反的、完全独立的。虽然较高的WC与企业创新负相关，但更加强调以家庭为中心的非经济目标具有积极影响，这似乎是家族企业创新战略的关键决定因素。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Family Business Review BUSINESS-

CiteScore

12.40

自引率

13.60%

发文量

期刊介绍： Family Business Review (FBR) has been a refereed journal since 1988, serving as the premier scholarly publication dedicated to the study of family-controlled enterprises. It delves into the dynamics of these businesses, encompassing a range of sizes from small to very large. FBR concentrates not only on the entrepreneurial founding generation but also on family enterprises in subsequent generations, including some of the world's oldest companies. The journal also publishes interdisciplinary research covering families of wealth, family foundations, and offices.