Innovation and firm performance: influence of ownership and professionalization
Ortiz, Javier (Universidad de Zaragoza) ; Gargallo-Castel, Ana (Universidad de Zaragoza)
Resumen: 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.
Idioma: Inglés
DOI: 10.1080/10438599.2024.2353296
Año: 2024
Publicado en: Economics of innovation and new technology 34, 4 (2024), 513–535
ISSN: 1043-8599
Factor impacto JCR: 2.6 (2024)
Categ. JCR: ECONOMICS rank: 145 / 617 = 0.235 (2024) - Q1 - T1
Factor impacto SCIMAGO: 1.071 - Management of Technology and Innovation (Q1) - Economics, Econometrics and Finance (miscellaneous) (Q1)
Financiación: info:eu-repo/grantAgreement/ES/AEI/PID2020-113338RB-I00
Financiación: info:eu-repo/grantAgreement/ES/DGA/S42-23R-CREVALOR
Tipo y forma: Article (PostPrint)
Área (Departamento): Área Organización de Empresas (Dpto. Direcc.Organiza.Empresas)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes.
Exportado de SIDERAL (2025-11-13-15:00:47)
Visitas y descargas
Idioma: Inglés
DOI: 10.1080/10438599.2024.2353296
Año: 2024
Publicado en: Economics of innovation and new technology 34, 4 (2024), 513–535
ISSN: 1043-8599
Factor impacto JCR: 2.6 (2024)
Categ. JCR: ECONOMICS rank: 145 / 617 = 0.235 (2024) - Q1 - T1
Factor impacto SCIMAGO: 1.071 - Management of Technology and Innovation (Q1) - Economics, Econometrics and Finance (miscellaneous) (Q1)
Financiación: info:eu-repo/grantAgreement/ES/AEI/PID2020-113338RB-I00
Financiación: info:eu-repo/grantAgreement/ES/DGA/S42-23R-CREVALOR
Tipo y forma: Article (PostPrint)
Área (Departamento): Área Organización de Empresas (Dpto. Direcc.Organiza.Empresas)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. Exportado de SIDERAL (2025-11-13-15:00:47)
Permalink:
Visitas y descargas
Este artículo se encuentra en las siguientes colecciones:
Articles > Artículos por área > Organización de Empresas
Record created 2024-07-04, last modified 2025-11-21