Open innovation in family-owned firms
Valentina Peruzzi
No 2401, Working Papers CASMEF from Dipartimento di Economia e Finanza, LUISS Guido Carli
Abstract:
This paper investigates the impact of family ownership on firms’ adoption of open innovation strategies. Using data from the VIII UniCredit survey on medium-sized enterprises, we find that family ownership is positively and significantly associated with the adoption of open innovation models by firms. The propensity to engage in open innovation by family firms is particularly pronounced in firms involved in product innovation and in collaborations with suppliers. The paper also delves into the inherent characteristics of family owners, emphasizing that the positive association between family ownership and open innovation is largely driven by their long-term perspective and relational abilities.
Keywords: open innovation; family firms; product innovation; process innovation; relational capital (search for similar items in EconPapers)
JEL-codes: D22 G32 O36 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2024-01
New Economics Papers: this item is included in nep-cfn, nep-cse, nep-ent, nep-ino and nep-sbm
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.luiss.it/sites/default/files/2024-01/2401_wp.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:lui:casmef:2401
Access Statistics for this paper
More papers in Working Papers CASMEF from Dipartimento di Economia e Finanza, LUISS Guido Carli Contact information at EDIRC.
Bibliographic data for series maintained by Pierluigi Murro ().