DOES EXTERNAL R&D MATTER FOR FAMILY FIRM INNOVATION? EVIDENCE FROM THE ITALIAN MANUFACTURING INDUSTRY

Francesco Aiello (), Paola Cardamone (), Lidia Mannarino () and Valeria Pupo ()
Additional contact information
Paola Cardamone: Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF, Università della Calabria
Lidia Mannarino: Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF, Università della Calabria

No 202002, Working Papers from Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF

Abstract: This article focuses on the relationship between external research and development (R&D) and firm innovation output. Using a sample of Italian manufacturing firms in the period of 2007-2009, the role played by external R&D is evaluated, investigating differences between family and non-family firms. Results show that the R&D acquired from external sources has a positive impact, especially on family firms, suggesting that family companies have a greater capacity to translate external R&D into tangible economic benefits. This result is consistent with those obtained when we consider the combination of internal and external R&D, as well as the family involvement in governance and management.

Keywords: Family firms; R&D investment; Innovative sales; Italian manufacturing industry (search for similar items in EconPapers)
JEL-codes: C24 G34 O32 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2020-02
New Economics Papers: this item is included in nep-bec, nep-cfn, nep-cse, nep-eur, nep-ino, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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http://www.ecostat.unical.it/RePEc/WorkingPapers/WP02_2020.pdf First version, 2020-02 (application/pdf)

Related works:
Journal Article: Does external R&D matter for family firm innovation? Evidence from the Italian manufacturing industry (2021)
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