Demystifying sustainable innovation and governance in family firms: A critical review

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Demystifying sustainable innovation and governance in family firms: A critical review

Popis výsledku v původním jazyce

Family firms&apos; 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.

Název v anglickém jazyce

Demystifying sustainable innovation and governance in family firms: A critical review

Popis výsledku anglicky

Family firms&apos; 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.

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

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2025

Kód důvěrnosti údajů

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

Název periodika

Technological Forecasting and Social Change

ISSN

0040-1625

e-ISSN

1873-5509

Svazek periodika

212

Číslo periodika v rámci svazku

Neuveden

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

14

Strana od-do

nestránkováno

Kód UT WoS článku

001403328600001

EID výsledku v databázi Scopus

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