Innovation in Family Firms: The Relative Effects of Wealth Concentration Versus Family-Centered Goals
基于代理和行为视角，研究澳大利亚家族企业发现，财富集中与家族中心目标对创新策略有相反且独立的影响：财富集中抑制创新，而家族中心目标促进创新。
Drawing on agency and behavioral perspectives, we disentangle two critical determinants of innovation strategies among family firms, namely, the family’s wealth concentration (WC) in its business and the family’s emphasis on family-centered goals (FCGs). Our results from a survey of Australian family firms show opposite and completely independent effects of WC and family-centered noneconomic goals on family firms’ innovation strategies. While higher WC is negatively associated with firm innovation, a greater emphasis placed on family-centered noneconomic goals has a positive impact, which seems to be the key determinant of innovation strategies in family firms.