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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

Journal of Business Economics and Management

ISSN

1611-1699

e-ISSN

—

Svazek periodika

24

Číslo periodika v rámci svazku

6

Stát vydavatele periodika

LT - Litevská republika

Počet stran výsledku

21

Strana od-do

1059–1079

Kód UT WoS článku

001147842700001

EID výsledku v databázi Scopus

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