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Influence de la direction générale sur l’innovation des entreprises familiales : le rôle médiateur des systèmes formalisés de gestion des risques

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  • Jonathan Bauweraerts
  • Rémy Bonneel

Abstract

Analyzing innovation in family firms remains a controversial topic in the literature. To reconcile conflicting views on this issue, this study proposes to account for both the multifaceted nature of innovation and the heterogeneity within family firms. More specifically, this research explores how family management affects explorative and exploitative innovations, while also considering the adoption of formalized risk management systems as a mediating variable of this relation. Building on a sample of 146 private family firms, results from linear regressions show that family management hampers explorative innovation and fosters exploitative innovation. The study of the mediating effects indicates that this difference is partially explained by the propensity of family managers to adopt formalized risk management systems that impede explorative innovation and enhance exploitative innovation. JEL Codes: M0, O3, L2

Suggested Citation

  • Jonathan Bauweraerts & Rémy Bonneel, 2023. "Influence de la direction générale sur l’innovation des entreprises familiales : le rôle médiateur des systèmes formalisés de gestion des risques," Innovations, De Boeck Université, vol. 0(2), pages 119-151.
    • Handle: RePEc:cai:inndbu:inno_pr2_0142
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    Keywords

    Family Firms; Innovation; Top Management; Risk Management; Innovation Management.;
    All these keywords.

    JEL classification:

    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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