Michael Gusenbauer, Nina Schweiger, Kurt Matzler, Julia Hautz
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Innovation Through Tradition: The Role of Past Knowledge for Successful Innovations in Family and Non-family Firms
Innovation literature increasingly considers the importance of the temporal dimension of knowledge search. In particular, several qualitative studies demonstrate how family firms successfully search for and recombine mature knowledge into innovations. This paper extends this line of research by quantitatively examining knowledge search in family versus non-family firms in a unique dataset in global wine technology between 1956 and 2013. Our data show that family firms use mature knowledge in their innovation processes to a greater extent than non-family firms. Furthermore, family firms seem to draw higher value from mature knowledge than non-family firms.
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.