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Family Firm Heterogeneity And Patenting. Revising The Role Of Size And Age

Author

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  • Francesco Aiello

    (Department of Economics, Statistics and Finance 'Giovanni Anania', University of Calabria, Rende (Italy))

  • Lidia Mannarino

    (Department of Economics, Statistics and Finance 'Giovanni Anania', University of Calabria, Rende (Italy))

  • Valeria Pupo

    (Department of Economics, Statistics and Finance 'Giovanni Anania', University of Calabria, Rende (Italy))

Abstract

This study revises the moderating effect 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 non-linear count model. Results from a three-way interaction approach suggest that the patenting gap between family firms (FFs) and non-family firms is sensitive to size and age. Compared to non-FFs, FFs underperform when they are small and young or large and old, while there are no substantial differences for other types of firms. Much of the evidence is driven by the founder effect which differs over the firm life.

Suggested Citation

  • Francesco Aiello & Lidia Mannarino & Valeria Pupo, 2023. "Family Firm Heterogeneity And Patenting. Revising The Role Of Size And Age," Working Papers 202301, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    • Handle: RePEc:clb:wpaper:202301
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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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