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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
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Author(s): María J. Martínez-Romero (Universidad de Almería, Spain), Rubén Martínez-Alonso (Universidad de Almería, Spain), M. Pilar Casado-Belmonte (Universidad de Almería, Spain) and Alfonso A. Rojo-Ramírez (Universidad de Almería, Spain)
Copyright: 2022
Pages: 30
Source title: Research Anthology on Strategies for Maintaining Successful Family Firms
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 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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