Muñoz-Bullon, F. and Sanchez-Bueno, M. J. and De Massis, Alfredo (2020) Combining internal and external R&D:The effects on innovation performance in family and non-family firms. Entrepreneurship Theory and Practice, 44 (5). pp. 996-1031. ISSN 1042-2587
Full text not available from this repository.Abstract
We examine the effect of combining internal and external R&D loci on innovation performance in family firms (FF) and nonfamily firms (non-FFs). Our longitudinal analysis of 27,438 firm-year observations of Spanish manufacturing firms from 1990 to 2016 shows that FFs can better exploit the benefits of simultaneously engaging in internal and external R&D activities, leading to a positive effect on innovation performance. Moreover, the relationship between combined internal and external R&D and innovation performance in FFs is contingent upon firm economic performance. By pointing to the importance of taking into account the combination of internal and external R&D loci to foster innovation in FFs, we challenge current family business innovation research.