Understanding the Innovation Behavior of Family Firms
研究家族企业的创新行为，发现与家族企业相比，家族企业创新投入更少、更少依赖外部创新源，且更倾向于渐进式创新而非激进式创新。
This paper examines innovation behavior in family firms, analyzing their innovation efforts, sources, and results. Its underlying premise is that innovation behavior depends on the firm's resource endowment and the level of risk inherent in the decision to innovate, factors that make family involvement an influential characteristic in innovation processes. Using a large sample of Spanish firms, the findings show that family firms perform fewer innovation efforts and are less inclined to turn to external sources of innovation—such as technological collaboration—than nonfamily firms. Finally, family firms are more likely to achieve incremental innovations than radical innovations.