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FAMILY FIRM HETEROGENEITY AND PATENTING. REVISING THE ROLE OF SIZE AND AGE

Francesco Aiello, Lidia Mannarino () and Valeria Pupo ()
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Lidia Mannarino: Department of Economics, Statistics and Finance 'Giovanni Anania', University of Calabria, Rende (Italy)
Valeria Pupo: Department of Economics, Statistics and Finance 'Giovanni Anania', University of Calabria, Rende (Italy)

No 202301, Working Papers from Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF

Abstract: This study revises the moderating effect of size and age on the relationship between family ownership and innovation. The research hypotheses are tested on a large sample of Italian firms observed over the 2010–2017 period, using a zero-inflated non-linear count model. Results from a three-way interaction approach suggest that the patenting gap between family firms (FFs) and non-family firms is sensitive to size and age. Compared to non-FFs, FFs underperform when they are small and young or large and old, while there are no substantial differences for other types of firms. Much of the evidence is driven by the founder effect which differs over the firm life.

Keywords: innovation; patent; family firms; size; age (search for similar items in EconPapers)
JEL-codes: D22 L25 L60 O30 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2023-01
New Economics Papers: this item is included in nep-bec, nep-cfn, nep-ent, nep-eur, nep-ino, nep-sbm and nep-tid
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http://www.ecostat.unical.it/RePEc/WorkingPapers/WP01_2023.pdf First version, 2023-01 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:clb:wpaper:202301

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