International Journal of Business, Economics and Management
June 2019, Volume 6, 5, pp 289-302
Family leadership, SMEs, Innovation, R&D intensity.
Anderson, R.C., A. Duru and D.M. Reeb, 2012. Investment policy in family controlled firms. Journal of Banking & Finance, 36(6): 1744-1758.Available at: https://doi.org/10.1016/j.jbankfin.2012.01.018.
Ashwin, A., R.T. Krishnan and R. George, 2015. Family firms in India: Family involvement, innovation and agency and stewardship behaviors. Asia Pacific Journal of Management, 32(4): 869-900.Available at: https://doi.org/10.1007/s10490-015-9440-1.
Basco, R. and A. Calabrò, 2016. Open innovation search strategies in family and non-family SMEs: Evidence from a natural resource-based cluster in Chile. Latin American Academy of Administration Academy, 29(3): 279-302.Available at: https://doi.org/10.1108/arla-07-2015-0188.
Bennedsen, M., F.P. Gonzalez and D. Wolfenzon, 2010. The governance of family firms. Corporate Governance: A Synthesis of Theory, Research, and Practice: 371-389.
Block, J.H., 2012. R&D investments in family and founder firms: An agency perspective. Journal of Business Venturing, 27(2): 248-265.Available at: https://doi.org/10.1016/j.jbusvent.2010.09.003.
Bottazzi, G. and A. Secchi, 2003. Common properties and sectoral specificities in the dynamics of US manufacturing companies. Review of Industrial Organization, 23(3-4): 217-232.Available at: https://doi.org/10.1023/b:reio.0000031366.28559.c1.
Broekaert, W., P. Andries and K. Debackere, 2016. Innovation processes in family firms: The relevance of organizational flexibility. Small Business Economics, 47(3): 771-785.Available at: https://doi.org/10.1007/s11187-016-9760-7.
Chang, S.C., W.Y. Wu and Y.J. Wong, 2010. Family control and stock market reactions to innovation announcements. British Journal of Management, 21(1): 152-170.Available at: https://doi.org/10.1111/j.1467-8551.2008.00618.x.
Chen, H.-L. and W.-T. Hsu, 2009. Family ownership, board independence, and R&D investment. Family Business Review, 22(4): 347-362.Available at: https://doi.org/10.1177/0894486509341062.
Choi, Y.R., S.A. Zahra, T. Yoshikawa and B.H. Han, 2015. Family ownership and R&D investment: The role of growth opportunities and business group membership. Journal of Business Research, 68(5): 1053-1061.Available at: https://doi.org/10.1016/j.jbusres.2014.10.007.
Chrisman, J.J. and P.C. Patel, 2012. Variations in R&D investments of family and nonfamily firms: Behavioral agency and myopic loss aversion perspectives. Academy of Management Journal, 55(4): 976-997.Available at: https://doi.org/10.5465/amj.2011.0211.
Chu, W., 2009. The influence of family ownership on SME performance: Evidence from public firms in Taiwan. Small Business Economics, 33(3): 353-373.Available at: https://doi.org/10.1007/s11187-009-9178-6.
Craig, J. and C. Dibrell, 2006. The natural environment, innovation, and firm performance: A comparative study. Family Business Review, 19(4): 275-288.Available at: https://doi.org/10.1111/j.1741-6248.2006.00075.x.
Cruz, C.C., L.R. Gómez-Mejia and M. Becerra, 2010. Perceptions of benevolence and the design of agency contracts: CEO-TMT relationships in family firms. Academy of Management Journal, 53(1): 69-89.Available at: https://doi.org/10.5465/amj.2010.48036975.
Cucculelli, M., I. Le Breton-Miller and D. Miller, 2016. Product innovation, firm renewal and family governance. Journal of Family Business Strategy, 7(2): 90-104.Available at: https://doi.org/10.1016/j.jfbs.2016.02.001.
De Massis, A., F. Frattini and U. Lichtenthaler, 2013. Research on technological innovation in family firms: Present debates and future directions. Family Business Review, 26(1): 10-31.Available at: https://doi.org/10.1177/0894486512466258.
De Massis, A., J. Kotlar, J.H. Chua and J.J. Chrisman, 2014. Ability and willingness as sufficiency conditions for family-oriented particularistic behavior: Implications for theory and empirical studies. Journal of Small Business Management, 52(2): 344-364.Available at: https://doi.org/10.1111/jsbm.12102.
Gallo, M.Á., J. Tàpies and K. Cappuyns, 2004. Comparison of family and nonfamily business: Financial logic and personal preferences. Family Business Review, 17(4): 303-318.Available at: https://doi.org/10.1111/j.1741-6248.2004.00020.x.
Gomez-Mejia, L.R., C. Cruz, P. Berrone and J. De Castro, 2011. The bind that ties: Socioemotional wealth preservation in family firms. Academy of Management Annals, 5(1): 653-707.Available at: https://doi.org/10.5465/19416520.2011.593320.
Gómez-Mejía, L.R., K.T. Haynes, M. Núñez-Nickel, K.J. Jacobson and J. Moyano-Fuentes, 2007. Socioemotional wealth and business risks in family-controlled firms: Evidence from Spanish olive oil mills. Administrative Science Quarterly, 52(1): 106-137.Available at: https://doi.org/10.2189/asqu.52.1.106.
Gomez-Mejia, L.R., M. Larraza-Kintana and M. Makri, 2003. The determinants of executive compensation in family-controlled public corporations. Academy of Management Journal, 46(2): 226-237.Available at: https://doi.org/10.5465/30040616.
Gomez-Mejia, L.R., M. Marianna and L.K. Martin, 2010. Diversification decisions in family-controlled firms. Journal of Management Studies, 47(2): 223-252.Available at: https://doi.org/10.1111/j.1467-6486.2009.00889.x.
Habbershon, T.G. and M.L. Williams, 1999. A resource-based framework for assessing the strategic advantages of family firms. Family Business Review, 12(1): 1-25.Available at: https://doi.org/10.1111/j.1741-6248.1999.00001.x.
Hambrick, D.C. and S. Finkelstein, 1987. Managerial discretion: A bridge between polar views of organizational outcomes. Research in Organizational Behavior.
Kim, H., K. Heechun and M.L. Peggy, 2008. Ownership structure and the relationship between financial slack and R&D investments: Evidence from Korean firms. Organization Science, 19(3): 404-418.Available at: https://doi.org/10.1287/orsc.1080.0360.
Lazzarotti, V. and L. Pellegrini, 2015. An explorative study on family firms and open innovation breadth: Do non–family managers make the difference? European Journal of International Management, 9(2): 179-200.Available at: https://doi.org/10.1504/ejim.2015.067854.
Lim, E.N., M.H. Lubatkin and R.M. Wiseman, 2010. A family firm variant of the behavioral agency theory. Strategic Entrepreneurship Journal, 4(3): 197-211.Available at: https://doi.org/10.1002/sej.91.
Llach, J. and M. Nordqvist, 2010. Innovation in family and non-family businesses: A resource perspective. International Journal of Entrepreneurial Venturing, 2(3-4): 381-399.Available at: https://doi.org/10.1504/ijev.2010.037119.
Lodh, S., M. Nandy and J. Chen, 2014. Innovation and family ownership: Empirical evidence from India. Corporate Governance: An International Review, 22(1): 4-23.Available at: https://doi.org/10.1111/corg.12034.
Matzler, K., V. Veider, J. Hautz and C. Stadler, 2015. The impact of family ownership, management, and governance on innovation. Journal of Product Innovation Management, 32(3): 319-333.Available at: https://doi.org/10.1111/jpim.12202.
Miller, D., I. Le Breton-Miller and B. Scholnick, 2008. Stewardship vs. Stagnation: An empirical comparison of small family and non-family businesses. Journal of Management Studies, 45(1): 51-78.
Miller, D., J. Lee, S. Chang and I. Le Breton-Miller, 2009. Filling the institutional void: The social behavior and performance of family vs non-family technology firms in emerging markets. Journal of International Business Studies, 40(5): 802-817.Available at: https://doi.org/10.1057/jibs.2009.11.
Miller, D., S. Lloyd and L.B.-M. Isabelle, 2003. Lost in time: Intergenerational succession, change, and failure in family business. Journal of Business Venturing, 18.(4): 513-531.Available at: https://doi.org/10.1016/s0883-9026(03)00058-2.
Morck, R., A. Shleifer and R.W. Vishny, 1998. Management ownership and market valuation: An empirical analysis. Journal of Financial Economics, 20: 293-315.Available at: https://doi.org/10.1016/0304-405x(88)90048-7.
Morck, R., D.A. Stangeland and B. Yeung, 2002. Inherited wealth, corporation control and economic growth: The Canadian disease?. Concentrated corporate ownership. Chicago, IL: University of Chicago Press.
Morck, R., D. Wolfenzon and B. Yeung, 2005. Corporate governance, economic entrenchment, and growth. Journal of Economic Literature, 43(3): 655-720.Available at: https://doi.org/10.1257/002205105774431252.
Munari, F., O. Raffaele and S. Maurizio, 2010. The effects of owner identity and external governance systems on R&D investments: A study of Western European firms. Research Policy, 39(8): 1093-1104.Available at: https://doi.org/10.1016/j.respol.2010.05.004.
Naldi, L., M. Nordqvist, K. Sjöberg and J. Wiklund, 2007. Entrepreneurial orientation, risk taking, and performance in family firms. Family Business Review, 20(1): 33-47.Available at: https://doi.org/10.1111/j.1741-6248.2007.00082.x.
Salvato, C. and K. Moores, 2010. Research on accounting in family firms: Past accomplishments and future challenges. Family Business Review, 23(3): 193-215.Available at: https://doi.org/10.1177/0894486510375069.
Sanchez, R. and J.T. Mahoney, 1996. Modularity, flexibility, and knowledge management in product and organization design. Strategic Management Journal, 17(S2): 63-76.Available at: https://doi.org/10.1002/smj.4250171107.
Schulze, W.S., M.H. Lubatkin and R.N. Dino, 2003. Toward a theory of agency and altruism in family firms. Journal of Business Venturing, 18(4): 473-490.Available at: https://doi.org/10.1016/s0883-9026(03)00054-5.
Schulze, W.S., M.H. Lubatkin, R.N. Dino and A.K. Buchholtz, 2001. Agency relationships in family firms: Theory and evidence. Organization Science, 12(2): 99-116.Available at: https://doi.org/10.1287/orsc.12.2.99.10114.
Sciascia, S., M. Nordqvist, P. Mazzola and A. De Massis, 2015. Family ownership and R&D intensity in small-and medium-sized firms. Journal of Product Innovation Management, 32(3): 349-360.Available at: https://doi.org/10.1111/jpim.12204.
Shi, C., 2003. On the trade-off between the future benefits and riskiness of R&D: A bondholders’ perspective. Journal of Accounting and Economics, 35(2): 227-254.Available at: https://doi.org/10.1016/s0165-4101(03)00020-x.
Sirmon, D.G. and M.A. Hitt, 2003. Managing resources: Linking unique resources, management, and wealth creation in family firms. Entrepreneurship Theory and Practice, 27(4): 339-358.Available at: https://doi.org/10.1111/1540-8520.t01-1-00013.
Steeger, J.H. and M. Hoffmann, 2016. Innovation and family firms: Ability and willingness and German SMEs. Journal of Family Business Management, 6(3): 251-269.Available at: https://doi.org/10.1108/jfbm-09-2015-0036.
Steijvers, T. and W. Voordeckers, 2009. Private family ownership and the agency costs of debt. Family Business Review, 22(4): 333-346.Available at: https://doi.org/10.1177/0894486509338291.
Tsao, S.-M. and W.-H. Lien, 2013. Family management and internationalization: The impact on firm performance and innovation. Management International Review, 53(2): 189-213.Available at: https://doi.org/10.1007/s11575-011-0125-9.