Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/323282 
Authors: 
Year of Publication: 
2024
Citation: 
[Journal:] Review of Regional Research [ISSN:] 1613-9836 [Volume:] 45 [Issue:] 1 [Publisher:] Springer [Place:] Berlin, Heidelberg [Year:] 2024 [Pages:] 17-49
Publisher: 
Springer, Berlin, Heidelberg
Abstract: 
Family firms are widely acknowledged to be the most predominant form of organization and hold a great relevance in most economies. Nevertheless, despite their popularity, research has thus far yielded inconsistent findings with regard to their innovative performance. This paper aims to address this research gap by focussing on a specific form of innovation: radical innovation. It seeks to determine the propensity of family firms to generate such innovations. Furthermore, by considering the heterogeneity between regions and firms, this paper also investigates the potential moderating effects of being located in a regional cluster and firm size. Based on various data sources, it is empirically shown that family firms are on average less capable of producing radical innovation than non-family firms. However, the corresponding regional context matters in this regard. By being located within regional clusters, family firms can reap the benefits of localization externalities, leading to produce more radical innovations than being located outside regional clusters.
Subjects: 
Radical innovation
Recombinant novelty
Family firms
Regional clusters
Agglomeration
Firm size
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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