Economic and Technological Importance of Innovations in Large Family and Founder Firms: An Analysis of Patent Data

Family Business Review, 26(2), 180-199

43 Pages Posted: 23 Oct 2010 Last revised: 22 Feb 2014

See all articles by Jorn H. Block

Jorn H. Block

University of Trier - Faculty of Management; Erasmus University Rotterdam (EUR) - Institute of Management (ERIM)

Danny Miller

HEC Montreal

Peter Jaskiewicz

University of Ottawa - Telfer School of Management

Frank Spiegel

Technische Universität München (TUM)

Date Written: October 11, 2010

Abstract

Prior research has analyzed R&D spending in family and founder firms. Yet, little is known about the economic and technological importance of innovations in these types of firms. Using patent citation data, we show that founder-managed firms, which we argue favor an entrepre-neurial orientation, receive more patent citations when compared to other firms, even controlling for R&D spending. By contrast family-managed firms, many of which, we argue, pursue socio-emotional wealth for the family, receive fewer patent citations compared to other firms, again, controlling for R&D spending. Patent citations have been shown in the literature to reflect the economic and technological importance of innovations.

Keywords: Innovation, family firms, founder firms, patents, patent citations

JEL Classification: G32, M13, O31

Suggested Citation

Block, Jorn Hendrich and Miller, Danny and Jaskiewicz, Peter and Spiegel, Frank, Economic and Technological Importance of Innovations in Large Family and Founder Firms: An Analysis of Patent Data (October 11, 2010). Family Business Review, 26(2), 180-199. Available at SSRN: https://ssrn.com/abstract=1690722 or http://dx.doi.org/10.2139/ssrn.1690722

Jorn Hendrich Block (Contact Author)

University of Trier - Faculty of Management ( email )

D-54296
Germany

Erasmus University Rotterdam (EUR) - Institute of Management (ERIM) ( email )

Burgemeester Oudlaan 50
3000 DR Rotterdam, Zuid-Holland 3062PA
Netherlands

Danny Miller

HEC Montreal ( email )

3000, Chemin de la Côte-Sainte-Catherine
Montreal, Quebec H2X 2L3 H3T 2A7
Canada

Peter Jaskiewicz

University of Ottawa - Telfer School of Management ( email )

136 Jean-Jacques Lussier Street
Ottawa, Ontario K1N 6N5
Canada

Frank Spiegel

Technische Universität München (TUM) ( email )

Arcisstrasse 21
Munich, 80333
Germany

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