Hatak_et_al_2015.docx (702.91 kB)
Innovativeness and Family-Firm Performance: The Moderating Effect of Family Commitment
journal contribution
posted on 2023-08-30, 14:44 authored by Isabella Hatak, Teemu Kautonen, Matthias Fink, Juha KansikasThe positive relationship between innovativeness and firm performance is well established and applies equally to all businesses, including family firms. However, little is yet known about how the unique characteristics of family firms influence this relationship. Drawing upon the resource-based view (RBV) of the firm, this study explains how the interplay between innovativeness as a firm-specific resource and family commitment as a family-specific resource affects performance. The analysis of longitudinal survey data collected from Finnish family firms demonstrates a curvilinear (U-shaped) moderating effect of the owner family’s commitment to the firm, in that the impact of innovativeness on firm performance is strongest when family commitment is either low or high. This implies that owner families should avoid their level of commitment becoming becalmed between high and low if they wish to convert their firm’s innovativeness into performance.
History
Refereed
- Yes
Volume
102Page range
120-131Publication title
Technological Forecasting and Social ChangeISSN
0040-1625External DOI
Publisher
ElsevierFile version
- Accepted version
Language
- eng
Official URL
Legacy posted date
2017-06-26Legacy creation date
2017-06-12Legacy Faculty/School/Department
ARCHIVED Lord Ashcroft International Business School (until September 2018)Usage metrics
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