Innovativeness in Family Firms: Drivers of Innovation and their Mediating Role

Posch, Arthur; Wiedenegger, Armin (2013). Innovativeness in Family Firms: Drivers of Innovation and their Mediating Role. Zeitschrift für Betriebswirtschaft Special Issue, 83(4), pp. 91-129. Springer 10.1007/978-3-658-04092-5_5

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Extant literature on the effects of family involvement on innovativeness has so far produced controversial results. While some papers argue that family firms are less innovative than non-family firms, other studies make a case for the exact opposite. So far most studies have tackled this question by taking a particularistic perspective. In this paper, however, we employ a broader approach and consider multiple drivers of innovation as a starting point. Drawing on the idiosyncrasies of family firms, we then predict a difference between family firms and non-family firms with regard to innovation drivers. Our second hypothesis proposes that the effect of family involvement on a firm’s innovativeness is mediated by several drivers of innovation. We test our hypotheses using a data set of 184 Austrian companies. Our results indicate significant differences between family firms and non-family firms for six drivers of innovation. Moreover, our findings suggest that there is a multitude of factors that serve as mediators of the relationship between family involvement and innovativeness.

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