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Innovation and Performance in Latin-American Small Family Firms

Author

Listed:
  • Gonzalo Maldonado-Guzmán
  • José Trinidad Marín-Aguilar
  • Marisela García-Vidales

Abstract

The study of innovation in family firms is gaining more and more interest among researchers and academics. Although it is a relatively recent issue in the literature, there is not enough theoretical and empirical evidence of the existing relationship with other constructs, such as the case of business performance. Therefore, using a sample of 1,400 family small businesses from 20 Latin American countries and applying a structural equations modeling of second order, which allows to know in greater depth the relationship between innovation and business performance. The fundamental objective of this empirical study is to investigate the relationship between innovation and business performance in family small business in Latin America. The results indicate that the innovation has a significant positive effect on the business performance of Latin American family small business.

Suggested Citation

  • Gonzalo Maldonado-Guzmán & José Trinidad Marín-Aguilar & Marisela García-Vidales, 2018. "Innovation and Performance in Latin-American Small Family Firms," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 8(7), pages 986-998.
    • Handle: RePEc:asi:aeafrj:v:8:y:2018:i:7:p:986-998:id:1724
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    Citations

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    Cited by:

    1. Caballero-Morales, Santiago-Omar, 2021. "Innovation as recovery strategy for SMEs in emerging economies during the COVID-19 pandemic," Research in International Business and Finance, Elsevier, vol. 57(C).
    2. Muhammad Haseeb & Marcin Lis & Ilham Haouas & Leonardus WW Mihardjo, 2019. "The Mediating Role of Business Strategies between Management Control Systems Package and Firms Stability: Evidence from SMEs in Malaysia," Sustainability, MDPI, vol. 11(17), pages 1-20, August.
    3. Nadežda Jankelová & Zuzana Joniaková & Juraj Mišún, 2021. "Innovative Work Behavior—A Key Factor in Business Performance? The Role of Team Cognitive Diversity and Teamwork Climate in This Relationship," JRFM, MDPI, vol. 14(4), pages 1-16, April.

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