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Keywords = extramural R&D

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22 pages, 959 KB  
Article
Examining the Impact of Innovation Forms on Sustainable Economic Performance: The Influence of Family Management
by Rubén Martínez-Alonso, María J. Martínez-Romero and Alfonso A. Rojo-Ramírez
Sustainability 2019, 11(21), 6132; https://doi.org/10.3390/su11216132 - 3 Nov 2019
Cited by 13 | Viewed by 3529
Abstract
The aim of this research is to explore the effect that innovation, as a potential source of sustained competitive advantage and firm growth, has on the achievement of sustainable economic performance. In particular, this paper empirically examines the influence of four innovation forms [...] Read more.
The aim of this research is to explore the effect that innovation, as a potential source of sustained competitive advantage and firm growth, has on the achievement of sustainable economic performance. In particular, this paper empirically examines the influence of four innovation forms (intramural R&D, extramural R&D, product innovation, and process innovation) on firms’ sustainable economic performance, considering the moderating effect of family involvement in management. To test the hypotheses, random-effects regression analyses are applied to a longitudinal sample of 598 Spanish private manufacturing firms throughout the 2006–2015 period. The results show a negative effect of intramural and extramural R&D on sustainable economic performance and a positive effect of process innovation on sustainable economic performance. Moreover, a reinforced relationship between process innovation and sustainable economic performance is also revealed when family involvement in management acts as a moderator. The findings make several contributions to research and practice. Full article
(This article belongs to the Section Economic and Business Aspects of Sustainability)
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24 pages, 503 KB  
Article
Family Involvement in Management and Product Innovation: The Mediating Role of R&D Strategies
by Julio Diéguez-Soto and María J. Martínez-Romero
Sustainability 2019, 11(7), 2162; https://doi.org/10.3390/su11072162 - 11 Apr 2019
Cited by 9 | Viewed by 4419
Abstract
Following calls to capture family firms’ innovative behavior and to specifically clarify how family firms manage product innovations to achieve sustainable economic development, this study empirically investigates the mediating role of Research & Development (R&D) strategies (i.e., intramural R&D investments, extramural R&D investments, [...] Read more.
Following calls to capture family firms’ innovative behavior and to specifically clarify how family firms manage product innovations to achieve sustainable economic development, this study empirically investigates the mediating role of Research & Development (R&D) strategies (i.e., intramural R&D investments, extramural R&D investments, and the combination of both intramural and extramural R&D investments) in the relationship between family involvement in the management and likelihood of obtaining product innovations. Carrying out a panel data analysis that is based on 7264 observations of Spanish manufacturing firms throughout the 2000–2015 period, our results suggest a negative effect of the level of family management on the likelihood of introducing product innovations. Moreover, we found that intramural R&D investments and the investment strategy consisting of both intramural and extramural R&D mediated the family involvement in management-likelihood of obtaining product innovations relationship. Our findings contribute important insights to the comprehension of which determinants instigate product innovation in family managed firms. Full article
(This article belongs to the Section Economic and Business Aspects of Sustainability)
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