EconPapers    
Economics at your fingertips  
 

Risk aversion, innovation and performance in family firms

Angel L. Meroño-Cerdán, Carolina López-Nicolás and Francisco J. Molina-Castillo

Economics of Innovation and New Technology, 2018, vol. 27, issue 2, 189-203

Abstract: An analysis of the effect of family governance on the relationships among risk aversion, innovation and performance is the purpose of this study. Beyond the level of risk and innovation, we are interested in analysing the relationship between them and their influence on performance in family firms. Traditionally, risk-seeking has been associated with innovation and performance. Our results confirm both components to be independent and, furthermore, show relationships with opposite signs as expected in the literature. In a sample of 500 firms, the results confirm an idiosyncratic behaviour in family firms; innovation contributes to performance to a higher extent in family firms, and at the same time, risk aversion is positively associated with performance only in non-family firms.

Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1080/10438599.2017.1325569 (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: https://EconPapers.repec.org/RePEc:taf:ecinnt:v:27:y:2018:i:2:p:189-203

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/GEIN20

Access Statistics for this article

Economics of Innovation and New Technology is currently edited by Professor Cristiano Antonelli

More articles in Economics of Innovation and New Technology from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2020-01-23
Handle: RePEc:taf:ecinnt:v:27:y:2018:i:2:p:189-203