Innovations in Small and Medium-Sized Family Firms : An Analysis of Innovation Related Top Management Team Behaviors and Family Firm-Specific Characteristics

by Nils Kraiczy

Small and medium-sized firms are a prevalent organizational form in Germany. Their importance for the German economy is indisputable. Most of them are global market leaders in their niches and are considered to be a force for innovation in the German economy. The ability to be innovative in niche markets has been identified as the antecedent of their strong, or even dominant, competitive positions in their industries. The driver of this innovation success may well be the family, which distinguishes family firms from non-family firms. Nils Kraiczy analyzes if a family influences innovation in a family firm and if this influence has only positive effects. The dissertation focuses on the impact of top management teams on innovations interacting with family firm-specific characteristics. The author shows the complexity of family influence by presenting different effects of each investigated family firm-specific characteristic on the relationship between top management team behavior and innovation. Contents n Research on Family Firms n Innovation and Firm Performance n Top Management Teams (TMTs) in Family Firms n TMT Risk-Taking Propensity and New Product Portfolio Innovativeness Target Groups · Researchers and students in the fields of management and innovation · Executives in family firms About the Author Dr. Nils Kraiczy wrote his dissertation under the supervision of Prof. Dr. Andreas Hack at the INTES Institute for Family Businesses at WHU - Otto Beisheim School of Management, Vallendar. Abou the Editors The series Familienunternehmen und KMU is edited by Prof. Dr. Andreas Hack, Prof. Dr. Andrea Calabrò, Prof. Dr. Hermann Frank, Prof. Dr. Franz W. Kellermanns Ph.D. and Prof. Dr. Thomas Zellweger

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Year of publication:	2013
Authors:	Kraiczy, Nils
Publisher:	Wiesbaden : Springer Gabler
Subject:	Familienunternehmen \| Family business \| Innovation \| KMU \| SME \| Strategisches Management \| Strategic management \| Führungskräfte \| Managers \| Innovationsmanagement \| Innovation management \| Deutschland \| Familienbetrieb \| Unternehmensentwicklung
Description of contents:	Family firms -- Innovation -- Top Management Teams -- Upper Echelon Theory -- Innovativeness Description [swbplus.bsz-bw.de] ; Description [deposit.dnb.de]

Extent:	Online-Ressource (XIX, 173 p. 13 illus, digital)
Series:	Familienunternehmen und KMU SpringerLink / Bücher
Type of publication:	Book / Working Paper
Language:	English
Notes:	Includes bibliographical references Foreword; Preface; Table of contents; List of figures; List of tables; List of abbreviations; 1 Introduction; 1.1 Motivation and research problem; 1.2 Research goals of the dissertation; 1.3 Structure of the dissertation; 2 Research on family firms - Definition, theories, and performance; 2.1 Definition; 2.2 Theories about family firms; 2.2.1 The Resource-based view; 2.2.2 Social capital theory; 2.2.3 Agency theory and stewardship theory; 2.3 Performance differences between family firms and non-family firms; 2.3.1 Performance differences and family ownership 2.3.2 Performance differences and family control2.3.3 Performance differences and family management; 2.4 Criticism of current performance studies, limitations, and research gap; 3 Innovation and firm performance; 3.1 Innovation as an antecedent of firm performance; 3.1.1 Innovation definitions and types; 3.1.2 Innovation measurement approaches; 3.2 Success factors of new products; 3.3 TMTs and innovation; 3.3.1 Upper echelon theory; 3.3.2 TMTs and new products; 3.3.3 TMT innovation orientation; 3.3.4 TMT risk-taking propensity; 3.4 Research methodology; 3.4.1 Setting 3.4.2 Data collection and sample3.4.3 Measures; 3.4.4 Aggregation to the group level; 3.4.5 Data analysis technique; 3.5 Research results; 3.5.1 Analysis; 3.5.2 Discussion; 3.5.3 Limitations and implications for future research; 3.5.4 Conclusion; 4 TMTs in family firms; 4.1 Family-induced TMT diversity and innovation-related TMT behaviors; 4.1.1 Generation in charge of the family firm; 4.1.2 Number of generations in the TMT; 4.1.3 Ratio of family members in the TMT; 4.1.4 Ownership by TMT family members; 4.2 Research methodology; 4.2.1 Measures; 4.2.2 Aggregation to the group level 4.2.3 Data analysis technique5 TMT innovation orientation and new product portfolio performance in family firms227; 5.1 Abstract; 5.2 Introduction; 5.3 Theoretical framework and hypotheses; 5.3.1 Upper echelon theory; 5.3.2 TMT innovation orientation; 5.3.3 Number of generations in the TMT; 5.3.4 Ratio of family members in the TMT; 5.4 Methodology; 5.4.1 Sample; 5.4.2 Measures; 5.5 Results; 5.6 Discussion; 5.7 Limitations and implications for future research; 5.8 Conclusion; 5.9 Appendix; 6 TMT risk-taking propensity and new product portfolio innovativeness in family firms313; 6.1 Abstract 6.2 Introduction6.3 Theoretical framework and hypotheses; 6.3.1 Agency theory and managerial ownership; 6.3.2 TMT risk-taking propensity and new product portfolio innovativeness; 6.3.3 Ownership by TMT family members; 6.3.4 Generation in charge of the family firm; 6.4 Methodology; 6.4.1 Sample; 6.4.2 Measures; 6.5 Results; 6.6 Discussion; 6.7 Limitations and implications for future research; 6.8 Conclusion; 6.9 Appendix; 7 Concluding discussion; 7.1 Limitations; 7.2 Discussion; 7.3 Implications for research; 7.4 Future research; 7.5 Managerial implications; 7.6 Conclusion; Bibliography
ISBN:	978-3-658-00063-9 ; 978-3-658-00062-2
Other identifiers:	10.1007/978-3-658-00063-9 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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