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  • Muñoz Bullón et al._2019_ET&P_Combining internal and external R&D in family and nonfamily firms

    Rights statement: The final, definitive version of this article has been published in the Journal, Entrepreneurship Theory and Practice, 44 (5), 2020, © SAGE Publications Ltd, 2020 by SAGE Publications Ltd at the Social Psychological and Personality Science page: https://journals.sagepub.com/home/ETP on SAGE Journals Online: http://journals.sagepub.com/

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Combining internal and external R&D: The effects on innovation performance in family and non-family firms

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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<mark>Journal publication date</mark>1/09/2020
<mark>Journal</mark>Entrepreneurship Theory and Practice
Issue number5
Volume44
Number of pages36
Pages (from-to)996-1031
Publication StatusPublished
Early online date8/10/19
<mark>Original language</mark>English

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.

Bibliographic note

The final, definitive version of this article has been published in the Journal, Entrepreneurship Theory and Practice, 44 (5), 2020, © SAGE Publications Ltd, 2020 by SAGE Publications Ltd at the Social Psychological and Personality Science page: https://journals.sagepub.com/home/ETP on SAGE Journals Online: http://journals.sagepub.com/