Family business innovativeness: a quantitative analysis of the individual and combined effect of size, age/generation and family ownership

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F23%3A00011691" target="_blank" >RIV/46747885:24310/23:00011691 - isvavai.cz</a>

Result on the web

<a href="https://journals.vilniustech.lt/index.php/JBEM/article/view/20642/12071" target="_blank" >https://journals.vilniustech.lt/index.php/JBEM/article/view/20642/12071</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3846/jbem.2023.20642" target="_blank" >10.3846/jbem.2023.20642</a>

Result language

angličtina

Original language name

Family business innovativeness: a quantitative analysis of the individual and combined effect of size, age/generation and family ownership

Original language description

No large-scale quantitative studies exist on how the complex characteristics of the firm affect the innovativeness of family businesses. Our study is the first to quantitatively examine how size, age/generation and family ownership individually and in combination affect the innovativeness of family businesses, using data from 56 countries. Firstly, we found that medium and large family businesses are perceived by potential successors as more innovative than small businesses; secondly, that the trend of family business innovativeness changes over time and generations according to the U-shape line; and thirdly, that the most effective family ownership in terms of innovativeness seems to be that with exactly 50%. These results were subsequently confirmed by testing the combined effect of the above mentioned three characteristics. In contrast, small family businesses in which the second or any subsequent generation is involved and which are minority or majority family-owned are perceived as the least innovative family businesses. Our findings can help public authorities in deciding how to allocate public funds, investors in deciding how to co-finance projects, and family businesses in defining development and innovation strategies for their growth

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Business Economics and Management

ISSN

1611-1699

e-ISSN

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Volume of the periodical

24

Issue of the periodical within the volume

6

Country of publishing house

LT - LITHUANIA

Number of pages

21

Pages from-to

1059–1079

UT code for WoS article

001147842700001

EID of the result in the Scopus database

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