New product portfolio performance in family firms

Nils D. Kraiczy, Andreas Hack and Franz Kellermanns

Journal of Business Research, 2014, vol. 67, issue 6, 1065-1073

Abstract: This study investigates the relationship between top management team (TMT) innovation orientation and new product portfolio performance in small and medium-sized family firms by exploring two family firm-specific sources of TMT diversity as moderators: the number of generations involved in the TMT and the ratio of family members in the TMT. Results indicate that family-induced diversity in the TMT has opposing moderating effects. Although a positive relationship exists between TMT innovation orientation and new product portfolio performance when multiple generations are involved in the TMT, TMT innovation orientation and new product portfolio performance experience a negative relationship when the ratio of family members in the TMT is high. The study discusses theoretical and managerial implications of the findings and develops avenues for future research.

Keywords: Family firms; TMT innovation orientation; New product portfolio performance; Upper echelon theory; TMT diversity (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (23)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:67:y:2014:i:6:p:1065-1073

DOI: 10.1016/j.jbusres.2013.06.005

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