Innovation and productivity in family firms: evidence from a sample of European firms

Francesco Aiello (), Lidia Mannarino and Valeria Pupo ()

Economics of Innovation and New Technology, 2020, vol. 29, issue 4, 394-416

Abstract: Using firm-level data, we estimate the returns to R&D investments for a sample of European manufacturing firms over the period 2007–2009. Results confirm that R&D efforts are positively related to productivity regardless of firm type (family or nonfamily firms). Additionally, we find that family firms invested more in R&D than nonfamily firms, but the returns to their R&D investments are low, emphasizing that they have a lower capacity to translate R&D investments into economic gains.

Date: 2020
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Working Paper: INNOVATION AND PRODUCTIVITY IN FAMILY FIRMS: EVIDENCE FROM A SAMPLE OF EUROPEAN FIRMS (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:taf:ecinnt:v:29:y:2020:i:4:p:394-416

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DOI: 10.1080/10438599.2019.1629533

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