6533b7dbfe1ef96bd1271460
RESEARCH PRODUCT
Innovativeness and Family-Firm Performance: The Moderating Effect of Family Commitment
Isabella HatakIsabella HatakMatthias FinkMatthias FinkTeemu KautonenTeemu KautonenJuha Kansikassubject
EntrepreneurshipSTRATEGIC MANAGEMENTEntrepreneurial orientationDEVELOPMENT INVESTMENTSCOMPETITIVE ADVANTAGEentrepreneurshipENTREPRENEURIAL ORIENTATIONOrganizational performanceCompetitive advantageRISK-TAKINGORGANIZATIONAL PERFORMANCEManagement of Technology and Innovation0502 economics and businessResource-based viewTECHNOLOGICAL-INNOVATIONDYNAMIC CAPABILITIESBusiness and International ManagementMarketingta512Applied Psychologyfamily businessPARTICIPATIVE DECISION-MAKING05 social sciencescommitmentinnovativenessSurvey data collection050211 marketingStrategic managementBusinessDynamic capabilitiesRESOURCE-BASED VIEW050203 business & managementperformancedescription
The 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.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2016-01-01 | Technological Forecasting and Social Change |