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Individual innovation behavior and firm-level exploration and exploitation: How family firms make the most of their managers

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<mark>Journal publication date</mark>30/08/2020
<mark>Journal</mark>Review of Managerial Science
Issue number4
Volume14
Number of pages36
Pages (from-to)809-844
Publication StatusPublished
Early online date30/10/18
<mark>Original language</mark>English

Abstract

This study investigates the influence of top managers’ individual innovation behavior on firm-level innovation activities, specifically on exploration and exploitation. The influence of individual actions depends on managerial discretion, which is dependent on the ownership context of a business. Thus, this study explores how family ownership moderates the relationships between a top manager’s individual innovation behavior and firm-level exploration and exploitation. Based on a sample of 195 firms, of which 120 are family firms, our findings depict highly significant relationships between managers’ individual innovation behavior and firm-level exploration and exploitation innovation. Furthermore, we find differences regarding these relationships between family firms and their non-family counterparts. We contribute to literature showing that family firms provide a unique context for leveraging a top manager’s individual innovation behavior into firm-level exploration activities.