Economics at your fingertips  

The impact of family ownership on innovation: evidence from the German machine tool industry

Carolin Decker () and Christina Günther ()
Additional contact information
Carolin Decker: University of Bremen
Christina Günther: WHU – Otto Beisheim School of Management

Small Business Economics, 2017, vol. 48, issue 1, 199-212

Abstract: Abstract There has been much debate concerning the innovative output of family-owned and non-family-owned companies. The purpose of this study was to show that the impact of family ownership differs depending on important governance conditions. Drawing on secondary data from the German machine tool industry from 2000 to 2010, we show that it is not family ownership per se that drives or impedes innovation in terms of the number of patents granted to a firm. Increases in the degree of family ownership and the generation of the family reduce the innovative output, whereas dedicated family business institutions nurture it. We discuss the implications of our findings for research and management.

Keywords: Innovation; Family ownership; Agency theory; Patents; German machine tool industry; O32; L26 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link) Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
http://www.springer. ... 29/journal/11187/PS2

Access Statistics for this article

Small Business Economics is currently edited by Zoltan J. Acs and David B. Audretsch

More articles in Small Business Economics from Springer
Bibliographic data for series maintained by Sonal Shukla ().

Page updated 2019-05-15
Handle: RePEc:kap:sbusec:v:48:y:2017:i:1:d:10.1007_s11187-016-9775-0