Arbeitspapier
Innovation capabilities and financing constraints of family firms
Using the 2007 Mannheim innovation survey, we investigate whether family firms are more financially constrained than other firms and how this affects both innovation input as well as innovation outcomes such as market and firm novelties or process innovations. Based on the CDM framework, estimation of the recursive system of equations shows that family businesses are more likely to be constrained and have, on average, lower innovation input. Surprisingly, however, this doesnot reduce their innovation outcomes as, on average, family firms have the same level of innovation outcomes as nonfamily firms.
- Sprache
-
Englisch
- Erschienen in
-
Series: DIW Discussion Papers ; No. 1536
- Klassifikation
-
Wirtschaft
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Management of Technological Innovation and R&D
- Thema
-
Innovation
Capability
Financing Constraints
Family Firms
CDM
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schäfer, Dorothea
Stephan, Andreas
Solórzano Mosquera, Jennifer
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Schäfer, Dorothea
- Stephan, Andreas
- Solórzano Mosquera, Jennifer
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2015
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