Radical Innovation in (Multi)family Owned Firms

19 Pages Posted: 16 Mar 2022 Last revised: 18 Mar 2022

See all articles by Francesco Chirico

Francesco Chirico

Jonkoping University - Jonkoping International Business School (JIBS); Macquarie University, Macquarie Business School

R. Duane Ireland

Texas A&M University - Department of Management

Daniel Pittino

Independent

Valeriano Sanchez-Famoso

University of the Basque Country

Date Written: February 3, 2022

Abstract

By integrating organizational learning theory with the family firm literature, we seek to enhance our understanding of radical innovation in (multi)family-owned firms. We theorize that the goal diversity and path dependency that multifamily ownership creates negatively affects the positive relationship between knowledge integration and radical innovation. However, this is not the case for multifamily-owned firms in which family members embrace a commitment to change. We contend that commitment to change mitigates the negative moderating effect of multifamily ownership by ensuring the effective translation of integrated knowledge into radical innovation within the firm. Overall, our results highlight the complexity of radical innovation in (multi)family-owned firms as a product of the joint effect of knowledge integration, the number of unrelated owning families, and a commitment to change.

Suggested Citation

Chirico, Francesco and Chirico, Francesco and Ireland, R. Duane and Pittino, Daniel and Sanchez-Famoso, Valeriano, Radical Innovation in (Multi)family Owned Firms (February 3, 2022). Journal of Business Venturing., Available at SSRN: https://ssrn.com/abstract=4024884

Francesco Chirico (Contact Author)

Jonkoping University - Jonkoping International Business School (JIBS) ( email )

Jönköping, 55111
Sweden

Macquarie University, Macquarie Business School ( email )

New South Wales 2109
Australia

R. Duane Ireland

Texas A&M University - Department of Management ( email )

430 Wehner
College Station, TX 77843-4218
United States

Daniel Pittino

Independent ( email )

Valeriano Sanchez-Famoso

University of the Basque Country

University of the Basque Country
University of the Basque Country
University of the Basque Count, University of the Basque Country University
Spain

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