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How does family management affect innovation investment propensity? The key role of innovation impulses

机译:家庭管理如何影响创新投资倾向?创新冲动的关键作用

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We investigate the relationship between family management and innovation investment propensity in family firms through analyzing the effect of two innovation impulses: demand-pull and technology-push. Extending the technology-push/demand-pull framework to the context of family firms, and adopting a direct measure of firms' innovation investment propensity, we test our hypotheses on a sample of 1093 Italian small and medium-sized family firms. Our results show that both the demand-pull and technology-push innovation impulses moderate the relationship between family management and the firms' propensity to invest in innovation, reducing the negative effect exerted by family management on family firms' innovation investment propensity. Moreover, our evidence shows that family firms' innovation investments are more sensitive to the demand-pull than the technology-push impulse. Overall, our findings suggest to practitioners and policymakers that family firm innovation impulses are important contingencies that need to be taken into account when making innovation investment decisions.
机译:通过分析两种创新冲动的效果,研究家庭企业家族管理与创新投资倾向之间的关系:需求拉和技术推动。将技术推送/需求拉框架扩展到家庭企业的背景下,采用直接衡量公司的创新投资倾向,我们在1093名意大利中小型家庭公司的样本上测试我们的假设。我们的研究结果表明,需求拉动和技术推动创新冲动适度,家庭管理与企业投资创新倾向的关系,降低了家庭企业创新投资倾向的家庭管理所施加的负面影响。此外,我们的证据表明,家庭企业的创新投资对需求拉的创新投资比技术推动冲动更敏感。总体而言,我们的研究结果表明,家庭企业创新冲动是在制定创新投资决策时需要考虑到重要的违规者的从业者和政策制定者。

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