Publication: Family firms and the collaborative advantage: unveiling innovation efficiency across partnership types
Authors
Pemartín González-Adalid, María
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DOI
https://doi.org/10.1108/JFBM-02-2024-0031
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info:eu-repo/semantics/article
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Abstract
Purpose – This paper aims to examine whether family firms are more efficient in their
collaboration for innovation process than non-family firms, considering different types of collaboration for innovation depending on the kind of partner. Methodology – This study empirically develops and tests the hypotheses based on a panel data sample of 14,937 firm-year observations from 1,867 Spanish manufacturing firms over the period 2007-2014, performing a Propensity Score Matching (PSM)-based analysis. Findings – Results reveal that family firms outperform non-family firms, despite less collaboration and innovation inputs, thereby extending the ongoing debate surrounding the innovation efficiency of family firms. Family firms obtained better results through vertical collaborations for innovation, both in terms of product and process innovations. For horizontal collaborations, family firms only outperform their non-family counterparts in process innovation. When collaborating with universities and other research centres, there are no significant differences in the innovation outcomes between the two groups. Originality – The recent work of Block et al. (2023) points out that more research is needed to know when, how and under what circumstances family firms show superior innovative efficiency. This work empirically proves that family firms outperform nonfamily firms in collaboration for innovation. However, not all collaboration partners help family firms to reach this superior innovative efficiency. Family firms obtained better results just through vertical and horizontal collaborations.
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