Cross-Functional Management in Family Firms – A Stewardship Theory Perspective
22 Pages Posted: 16 Jan 2012
Date Written: January 16, 2012
Prior research shows that cross-functional management impacts firm performance. Using stewardship theory, we hypothesize that family firms have a high proclivity to pursue cross-functional management. We test our hypothesis in the context of patent management and find that family firms pursue higher degrees of cross-functional patent management relative to non-family firms. However, the effect only exists when the family acts as both owner and manager.
Keywords: family firms, cross functional management, patent management, intellectual property, innovation, stewardship theory
JEL Classification: G32, M13, O32
Suggested Citation: Suggested Citation