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The Moderating Effect of Family Management on R&D Productivity in Privately Held Firms

The Moderating Effect of Family Management on R&D Productivity in Privately Held Firms

María J. Martínez-Romero, Rubén Martínez-Alonso, M. Pilar Casado-Belmonte, Alfonso A. Rojo-Ramírez
Copyright: © 2022 |Pages: 30
ISBN13: 9781668435502|ISBN10: 1668435500|EISBN13: 9781668435519
DOI: 10.4018/978-1-6684-3550-2.ch010
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MLA

Martínez-Romero, María J., et al. "The Moderating Effect of Family Management on R&D Productivity in Privately Held Firms." Research Anthology on Strategies for Maintaining Successful Family Firms, edited by Information Resources Management Association, IGI Global, 2022, pp. 215-244. https://doi.org/10.4018/978-1-6684-3550-2.ch010

APA

Martínez-Romero, M. J., Martínez-Alonso, R., Casado-Belmonte, M. P., & Rojo-Ramírez, A. A. (2022). The Moderating Effect of Family Management on R&D Productivity in Privately Held Firms. In I. Management Association (Ed.), Research Anthology on Strategies for Maintaining Successful Family Firms (pp. 215-244). IGI Global. https://doi.org/10.4018/978-1-6684-3550-2.ch010

Chicago

Martínez-Romero, María J., et al. "The Moderating Effect of Family Management on R&D Productivity in Privately Held Firms." In Research Anthology on Strategies for Maintaining Successful Family Firms, edited by Information Resources Management Association, 215-244. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-6684-3550-2.ch010

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Abstract

The aim of this chapter is to analyze the moderating effect of family management on the relationship between R&D inputs and R&D outcomes, that is, R&D productivity. Using a longitudinal sample of 337 Spanish privately held manufacturing firms, the results show that in general terms, although family managed firms invest less in R&D than their non-family managed counterparts, they reinforce the conversion of R&D inputs into R&D outcomes. Moreover, the findings reveal that the strengthening effect of family management on R&D productivity is contingent upon the level of R&D expenditures. Thus, this chapter contributes to shedding some light into the debate regarding innovation management in privately held family firms.

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