FAMILY FIRMS AND INNOVATION: EXAMINING THE ROLE OF MANAGEMENT STRUCTURE ON R&D INVESTMENT AND OUTCOMES

Öz

This study investigates the effect of managerial structure—specifically, only-family-managed, mixed-managed (involving family members and external managers), and external-managed—on innovation inputs and outputs in family firms. Based on four years of panel data from the Mannheim Innovation Panel (MIP) and investigates how managerial structures influence innovation inputs, covering total innovation expenditure and R&D expenditure, as well as innovation outputs like revenue from new or improved products and market novelties. Decker and Günther (2017) have conducted research on the relationship between management and innovation in family firms. However, this study extends this work by integrating both Socio-Emotional Wealth (SEW) theory and Agency Theory. Moreover, it provides a comprehensive view of how different governance structures in family firms affect innovation in time.It provides insights into innovation inputs and outputs across multiple sectors, highlighting the role of family dynamics and control in driving these outcomes. Finally, the study contributes to the existing literature by providing both theoretical and empirical evidence on the relationship between governance structures and innovation performance, emphasizing the unique characteristics of family firms.

Anahtar Kelimeler

• Family Firms
• Innovation
• Management Structure
• Panel Data
• Socio-emotional Wealth (SEW)

Proje Numarası

1

AiLE ŞiRKETLERi VE İNOVASYON: YÖNETiM YAPISININ AR-GE YATIRIMLARI VE İNOVASYON SONUÇLARI ÜZERİNDEKİ ROLÜNÜN İNCELENMESİ

Öz

Bu çalışma, yönetim yapısının -özellikle, sadece aile yönetimi, karma yönetim (hem aile üyelerini hem de dış yöneticileri içeren) ve dış yönetim- ile yönetilen aile şirketlerindeki inovasyon girdileri ve çıktıları üzerindeki etkisini incelemektedir. Mannheim İnovasyon Panelinden (MIP) elde edilen dört yıllık panel verilerini kullanan araştırma, yönetim yapılarının toplam inovasyon harcamaları ve Ar-Ge harcamaları gibi inovasyon girdilerinin yanı sıra yeni veya geliştirilmiş ürünlerden elde edilen ciro ve pazardaki yenilikler de dahil olmak üzere inovasyon çıktılarını nasıl etkilediğini araştırmaktadır. Önceki çalışmalar (Decker & Günther, 2017) aile şirketlerinde yönetim ve inovasyon arasındaki ilişkiyi araştırmış olsa da bu çalışma bu ilişkilerin gelişimini anlamak için panel verilerini inceleyerek bu çalışmayı genişletmektedir. Bu çalışma, hem Sosyo-Duygusal Zenginlik (SEW) teorisini hem de Vekalet Teorisini entegre ederek, aile şirketlerindeki farklı yönetim yapılarının zaman içinde inovasyonu nasıl etkilediğine dair kapsamlı bir bakış açısı sunmakta, birden fazla sektördeki inovasyon girdisi ve çıktısı hakkında içgörüler sunmakta ve aile dinamiklerinin ve kontrolünün bu sonuçları şekillendirmedeki rolünü vurgulamaktadır.

Anahtar Kelimeler

• Aile İşletmeleri
• İnovasyon
• Yönetim Yapısı
• Panel Veri
• Sosyo-duygusal Zenginlik (SEW)

Proje Numarası

1

Kaynakça

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