Demystifying sustainable innovation and governance in family firms: A critical review
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27360%2F25%3A10257578" target="_blank" >RIV/61989100:27360/25:10257578 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S0040162525000253" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0040162525000253</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.techfore.2025.123994" target="_blank" >10.1016/j.techfore.2025.123994</a>
Alternative languages
Result language
angličtina
Original language name
Demystifying sustainable innovation and governance in family firms: A critical review
Original language description
Family firms' governance, which is inherently risk-averse, frequently inhibits sustainable innovation. However, the same governance structure, driven by a strong desire for oversight, can enhance innovation outcomes by ensuring diligent monitoring and execution. This paper aims to conceptualise how governance bodies within family firms contribute to fostering sustainable innovation. To this end, we conducted a critical review to identify the state of the art of sustainable innovation and governance structure of family firms. Then, drawing on the dynamic capability theory, we developed a new theory combining literature with insights from an illustrative case study. The findings unveil that some family firm governance bodies champion sustainable innovation, yet their efforts are frequently confined to the same. Given the absence of a dedicated board to manage the innovation process end-to-end, we propose an emerging solution in managerial practice, known as a shadow board, to fill this gap. That is, a selected group of younger employees or external experts tasked with advising the executive team. The results shall guide scholars towards a better understanding of the underlying mechanisms that can drive sustainable innovation in family firms from a governance perspective. Moreover, by leveraging these insights, organisations can enhance their ability to overcome potential challenges and optimise sustainable innovation processes.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - 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
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Technological Forecasting and Social Change
ISSN
0040-1625
e-ISSN
1873-5509
Volume of the periodical
212
Issue of the periodical within the volume
Neuveden
Country of publishing house
US - UNITED STATES
Number of pages
14
Pages from-to
nestránkováno
UT code for WoS article
001403328600001
EID of the result in the Scopus database
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