Advanced search
1 file | 157.21 KB Add to list

Innovation processes in family firms : the relevance of organizational flexibility

(2016) SMALL BUSINESS ECONOMICS. 47(3). p.771-785
Author
Organization
Abstract
The current study attempts to broaden our understanding of the processes underlying successful innovation in family firms by studying not only research and development (R&D) but also organizational flexibility as drivers of innovation performance. Building on existing theoretical and empirical work, we formulate hypotheses on the relationship between family ownership and R&D and organizational flexibility, and on how this translates into successful innovation. Using a sample of 2,604 firms and 3,140 year-observations, we find that family firms engage less in R&D, but are more flexible in the way they organize, and that this organizational flexibility enables them to successfully develop new products and even outperform non-family owned businesses when it comes to process innovation. This research contributes to the family business field by disentangling R&D and organizational flexibility as processes underlying the relationship between family ownership and innovation performance. It illustrates how family firms’ organizational flexibility can result in an innovation advantage, and thereby has important implications for practitioners.
Keywords
Family firm, organizational flexibility, innovation, R&D

Downloads

  • (...).pdf
    • full text
    • |
    • UGent only
    • |
    • PDF
    • |
    • 157.21 KB

Citation

Please use this url to cite or link to this publication:

MLA
Broekaert, Wouter, et al. “Innovation Processes in Family Firms : The Relevance of Organizational Flexibility.” SMALL BUSINESS ECONOMICS, vol. 47, no. 3, 2016, pp. 771–85.
APA
Broekaert, W., Andries, P., & Debackere, K. (2016). Innovation processes in family firms : the relevance of organizational flexibility. SMALL BUSINESS ECONOMICS, 47(3), 771–785.
Chicago author-date
Broekaert, Wouter, Petra Andries, and Koenraad Debackere. 2016. “Innovation Processes in Family Firms : The Relevance of Organizational Flexibility.” SMALL BUSINESS ECONOMICS 47 (3): 771–85.
Chicago author-date (all authors)
Broekaert, Wouter, Petra Andries, and Koenraad Debackere. 2016. “Innovation Processes in Family Firms : The Relevance of Organizational Flexibility.” SMALL BUSINESS ECONOMICS 47 (3): 771–785.
Vancouver
1.
Broekaert W, Andries P, Debackere K. Innovation processes in family firms : the relevance of organizational flexibility. SMALL BUSINESS ECONOMICS. 2016;47(3):771–85.
IEEE
[1]
W. Broekaert, P. Andries, and K. Debackere, “Innovation processes in family firms : the relevance of organizational flexibility,” SMALL BUSINESS ECONOMICS, vol. 47, no. 3, pp. 771–785, 2016.
@article{7009817,
  abstract     = {{The current study attempts to broaden our understanding of the processes underlying successful innovation in family firms by studying not only research and development (R&D) but also organizational flexibility as drivers of innovation performance. Building on existing theoretical and empirical work, we formulate hypotheses on the relationship between family ownership and R&D and organizational flexibility, and on how this translates into successful innovation. Using a sample of 2,604 firms and 3,140 year-observations, we find that family firms engage less in R&D, but are more flexible in the way they organize, and that this organizational flexibility enables them to successfully develop new products and even outperform non-family owned businesses when it comes to process innovation. This research contributes to the family business field by disentangling R&D and organizational flexibility as processes underlying the relationship between family ownership and innovation performance. It illustrates how family firms’ organizational flexibility can result in an innovation advantage, and thereby has important implications for practitioners.}},
  author       = {{Broekaert, Wouter and Andries, Petra and Debackere, Koenraad}},
  issn         = {{0921-898X}},
  journal      = {{SMALL BUSINESS ECONOMICS}},
  keywords     = {{Family firm,organizational flexibility,innovation,R&D}},
  language     = {{eng}},
  number       = {{3}},
  pages        = {{771--785}},
  title        = {{Innovation processes in family firms : the relevance of organizational flexibility}},
  url          = {{http://dx.doi.org/10.1007/s11187-016-9760-7}},
  volume       = {{47}},
  year         = {{2016}},
}

Altmetric
View in Altmetric
Web of Science
Times cited: