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Family firm heterogeneity and patenting. Revising the role of size and age

Author

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  • Francesco Aiello

    (University of Calabria)

  • Lidia Mannarino

    (University of Calabria)

  • Valeria Pupo

    (University of Calabria)

Abstract

This study offers a comprehensive framework for evaluating the moderating effects of size and age on the relationship between family ownership and innovation. The research hypotheses are tested on a large sample of Italian firms observed over the 2010–2017 period using a zero-inflated nonlinear count model. To refine the understanding of firm heterogeneity, we employ a three-way interaction approach. Results show that the patenting gap between FFs and non-FFs is sensitive to size and age. Compared to non-FFs, FFs underperform when they are small and young, or large and mature, with no substantial differences seen in other types of firms. By referring to the Socioemotional Wealth theory, we find that the founder effect, which differs over a firm’s life, is behind a good deal of these findings.

Suggested Citation

  • Francesco Aiello & Lidia Mannarino & Valeria Pupo, 2024. "Family firm heterogeneity and patenting. Revising the role of size and age," Small Business Economics, Springer, vol. 63(1), pages 105-133, June.
    • Handle: RePEc:kap:sbusec:v:63:y:2024:i:1:d:10.1007_s11187-023-00805-y
    DOI: 10.1007/s11187-023-00805-y
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    More about this item

    Keywords

    Innovation; Patent; Family firms; Size; Age;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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