Does external R&D matter for family firm innovation? Evidence from the Italian manufacturing industry

Francesco Aiello (), Paola Cardamone (), Lidia Mannarino () and Valeria Pupo ()
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Lidia Mannarino: University of Calabria
Valeria Pupo: University of Calabria

Small Business Economics, 2021, vol. 57, issue 4, No 16, 1915-1930

Abstract: Abstract This article focuses on the relationship between external R&D and firm innovation output. Using a sample of Italian manufacturing firms over the period 2007–2009, we estimate the effect of R&D collaboration with the aim to detect differences between family and non-family firms. The study shows that the R&D acquired from external sources has a positive impact on innovative sales, especially for family firms. This result holds when using either the extensive or the intensive margins of R&D collaboration, thereby suggesting that family companies have a greater capacity to translate external R&D into tangible economic benefits. We also find that family firms benefit from the diversity of R&D collaboration.

Keywords: Family firms; R&D investment; Innovative sales; Italian manufacturing industry; O32; G34; C24; L26 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (6)

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Working Paper: DOES EXTERNAL R&D MATTER FOR FAMILY FIRM INNOVATION? EVIDENCE FROM THE ITALIAN MANUFACTURING INDUSTRY (2020)
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DOI: 10.1007/s11187-020-00379-z

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