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Innovation in family firms and SMEs: distinctive features and research challenges

Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSNChapter (peer-reviewed)peer-review

Published
Publication date28/09/2018
Host publicationEntrepreneurship, Innovation and Education: Frontiers in European Entrepreneurship Research
EditorsUlla Hytti, Robert Blackburn, Eddy Laveren
Place of PublicationCheltenham
PublisherEdward Elgar
Pages17-23
Number of pages17
ISBN (Print)9781788972291
<mark>Original language</mark>English

Publication series

NameFrontiers in European Entrepreneurship
PublisherEdward Elgar

Abstract

Innovation is widely recognized as a key asset for firms, positively affecting performance, growth, long-term value creation, and competitive advantage. When studying innovation, scholars usually focus on large and listed firms, while relatively limited knowledge exists on innovation in family firms and small and medium-sized enterprises (SMEs). However, these are the most ubiquitous forms of business organization around the world and overlooking their distinctive features may limit current understanding about innovation. In this chapter, we highlight relevant research avenues and unaddressed questions for future research on innovation in family firms and SMEs. In so doing, we outline a future research agenda that will hopefully guide future scholars interested in innovation in the context of family firms and SMEs.