135981 20260218073522.0 doi 10.1080/10438599.2024.2353296 sideral 138993 ART-2024-138993 eng (orcid)0000-0003-2114-5033 Ortiz, Javier Universidad de Zaragoza Innovation and firm performance: influence of ownership and professionalization 2024 Access copy available to the general public Unrestricted Empirical research has confirmed a mostly positive relationship between innovation and performance, but more work is needed to establish whether this relationship is homogeneous or whether it depends on other variables, such as ownership model (family/non-family) and who manages the company (owner/non-owner). This paper studies differences in the impact of innovation on productivity between family firms, owner-managed or professionalized, and non-family firms, also subdivided, for the first time in the academic literature, between owner-managed and non-owner-managed firms. A multistage model is used, controlling for endogeneity and selection bias issues. The results yielded by a large panel dataset of Spanish manufacturing firms suggest differences in the ability to benefit from innovation. These results confirm that, in non-professionalized firms, family ownership reduces the positive effect of innovation on productivity, while in professionalized firms, there are no significant differences between the family and non-family ownership model. info:eu-repo/grantAgreement/ES/AEI/PID2020-113338RB-I00 info:eu-repo/grantAgreement/ES/DGA/S42-23R-CREVALOR info:eu-repo/semantics/openAccess by-nc https://creativecommons.org/licenses/by-nc/4.0/deed.es 2.6 2024 ECONOMICS 145 / 620 = 0.234 2024 Q1 T1 1.071 2024 Management of Technology and Innovation 2024 Q1 Economics, Econometrics and Finance (miscellaneous) 2024 Q1 8.0 2024 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion (orcid)0000-0001-8054-8997 Gargallo-Castel, Ana Universidad de Zaragoza 4012 650 Universidad de Zaragoza Dpto. Direcc.Organiza.Empresas Área Organización de Empresas 34, 4 (2024), 513–535 Econ. innov. new technol. Economics of innovation and new technology 1043-8599 444474 http://zaguan.unizar.es/record/135981/files/texto_completo.pdf Postprint info:eu-repo/date/embargoEnd/2025-11-21 1574557 http://zaguan.unizar.es/record/135981/files/texto_completo.jpg?subformat=icon icon Postprint info:eu-repo/date/embargoEnd/2025-11-21 oai:zaguan.unizar.es:135981 articulos driver 2026-02-17-20:37:16 ARTICLE