The Role of Family Management and Management Control Systems in Promoting Technological Innovation in Family SMEs

Authors

DOI:

https://doi.org/10.24310/ejfbejfb.v11i2.10901

Keywords:

family firm, SME, family management, management control systems, technological innovation

Abstract

This paper seeks to resolve the controversy regarding the relationship between family management and technological innovation outcomes. In contrast to prior studies, we focus on small and medium enterprises (SMEs) and go beyond the traditional input-output statistical analysis, by introducing the mediating effect of the use of management control systems (MCS). We also further examine heterogeneity among family firms, studying whether a greater family management influences, directly or indirectly, on technological innovation outcomes. Our results from a data consists of 199 Spanish family-owned small and medium enterprises (FSMEs) were not able to indicate a significant direct influence of the level of family management on technological innovation outcome but supported the notion that the utilization of MCS mediated the above relationship.

Downloads

Download data is not yet available.

Metrics

Metrics Loading ...

References

Ahrens, T., & Chapman, C. S. (2004). Accounting for flexibility and efficiency: A field study of management control systems in a restaurant chain. Contemporary accounting research, 21(2), 271-301.

Aiken, M., & Hage, J. (1971). The organic organization and innovation. Sociology, 5(1), 63-82.

Aljanabi, A.R.A. (2017). The mediating role of absorptive capacity on the relationship between entrepreneurial orientation and technological innovation capabilities, International Journal of Entrepreneurial Behavior & Research, 24(4), 818-841, doi: 10.1108/IJEBR-07-2017-0233.

Alwin, D.F., & Hauser, R.M. (1975). The decomposition of effects in path analysis. American Sociological Review, 40(1), 37-47.

Barbera, F., & Moores, K. (2013). Firm ownership and productivity: A study of family and non-family SMEs. Small Business Economics, 40(4), 953-976.

Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17(1), 99-120.

Becker, J.-M., Rai, A. and Rigdon, E.E. (2013), “Predictive validity and formative measurement in structural equation modeling: embracing practical relevance”, International Conference on Information Systems, Milan, December 15-18.

Bedford, D. S. (2015). Management control systems across different modes of innovation: Implications for firm performance. Management Accounting Research, 28, 12-30.

Berrone, P., Cruz, C., & Gomez-Mejia, L. R. (2012). Socioemotional Wealth in Family Firms: Theoretical Dimensions, Assessment Approaches, and Agenda for Future Research. Family Business Review, 25(3), 258-279.

Berry, A. J., Coad, A. F., Haris, E. P., Otley, D. T. & Stringer, C. (2009). Emerging themes in management control: A review of recent literature. The British Accounting Review, 41: 709-737.

Bisbe, J., & Otley, D. (2004). The effects of the interactive use of management control systems on product innovation. Accounting, organizations and society, 29(8), 709-737.

Bisbe, J., & Malagueño, R. (2009). The choice of interactive control systems under different innovation management modes. European Accounting Review, 18(2), 371-405.

Block, J.; Miller, D.; Jaskiewicz, P.; Spiegel, F.(2013). Economic and Technological Importance of Innovations in Large Family and Founder Firms: An Analysis of Patent Data. Family Business Review, 26, 180-199.

Brinkerink, J., & Bammens, Y. (2018). Family influence and R&D spending in Dutch manufacturing SMEs: the role of identity and socioemotional decision considerations. Journal of Product Innovation Management, 35(4), 588-608.

Calabrò, A., Vecchiarini, M., Gast, J., Campopiano, G., De Massis, A., & Kraus, S. (2019). Innovation in family firms: A systematic literature review and guidance for future research. International Journal of Management Reviews, 21(3), 317-355.

Casillas, J. C., & Moreno, A. M. (2010). The relationship between entrepreneurial orientation and growth: The moderating role of family involvement. Entrepreneurship and Regional Development, 22(3-4), 265-291.

Casillas, J. C., Moreno, A. M., & Acedo, F. J. (2010). Internationalization of family businesses: a theoretical model base on international entrepreneurship perspective. Global Management Journal, 3(2), 18-35.

Chen, H. L., & Hsu, W. T. (2009). Family ownership, board independence, and R&D investment. Family business review, 22(4), 347-362.

Chenhall, R. H. (2003). Management control systems design within its organizational context: findings from contingency-based research and directions for the future. Accounting, Organizations and Society, 28(2-3), 127-168.

Chenhall, R. H., Kallunki, J. & Silvola, H. (2011). Exploring the relationship between strategy, innovation, and management control systems: The roles of social networking, organic innovative culture, and formal controls. Journal of Management Accounting Research, 23, 99-128.

Chin, W.W. (2010). How to write up and report PLS analyses. In V.E.Vinzi, W.W.Chin, J.Henseler, & H.Wang (Eds.), Handbook of partial least squares: Concepts, methods and applications (pp. 655-690). Berlin: Springer-Verlag.

Chrisman, J. J., Chua, J. H., De Massis, A., Frattini, F., & Wright, M. (2014). The ability and willingness paradox in family firm innovation. Journal of Product Innovation Management, 32(3), 310-318.

Chrisman, J. J., Chua, J. H., Pearson, A. W., & Barnett, T. (2012). Family involvement, family influence, and family?centered non?economic goals in small firms. Entrepreneurship Theory and Practice, 36(2), 267-293.

Chrisman, J. J., Kellermanns, F. W., Chan, K. C., & Liano, K. (2010). Intellectual foundations of current research in family business: An identification and review of 25 influential articles. Family Business Review, 23(1), 9-26.

Chrisman, J. J., & Patel, P. C. (2012). Variations in R&D Investments of Family and Nonfamily Firms: Behavioral Agency and Myopic Loss Aversion Perspectives. Academy of Management Journal, 55(4), 976-997.

Chua, J. H., Chrisman, J. J., & Sharma, P. (1999). Defining the Family Business by Behavior. Entrepreneurship Theory and Practice, 23, 19-40.

Chua, J.H., Chrisman, J.J., Steier, L.P., & Rau, S.B. (2012). Sources of Heterogeneity in Family Firms: An Introduction. Entrepreneurship Theory and Practice, 36(6), 1103-1113.

Classen, N., Carree, M., Van Gils, A., & Peters, B. (2014). Innovation in family and non-family SMEs: An exploratory analysis. Small Business Economics, 42, 595-609.

Coccia, M. (2017). Sources of technological innovation: Radical and incremental innovation problem-driven to support competitive advantage of firms. Technology Analysis & Strategic Management, 29(9), 1048-1061.

Cohen, W. M., & Klepper, S. (1996). A Reprise of Size and R & D. The Economic Journal, 106, 925-951.

Colombo, M. G., A. De Massis, E. Piva, C. Rossi-Lamastra, and M. Wright. (2014). Sales and employment changes in entrepreneurial ventures with family ownership: Empirical evidence from high-tech industries. Journal of Small Business Management, 52 (2), 226-45.

Covin, J. G., Eggers, F., Kraus, S., Cheng, C. F., & Chang, M. L. (2016). Marketing-related resources and radical innovativeness in family and non-family firms: A configurational approach. Journal of Business Research, 69(12) 5620-5627.

Craig, J., & Dibrell, C. (2006). The natural environment, innovation, and firm performance: A comparative study. Family Business Review, 19(4), 275-288.

Craig, J. B., & Moores, K. (2006). A 10?Year longitudinal investigation of strategy, systems, and environment on innovation in family firms. Family Business Review, 19(1), 1-10.

Damanpour, F. (1991). Organizational innovation: A meta-analysis of effects of determinants and moderators. Academy of Management Journal, 34(3).

Davila, T. (2000). An empirical study on the drivers of management control systems' design in new product development. Accounting, organizations and society, 25(4-5), 383-409.

Davis, James H., Mathew R. Allen, and H. D. Hayes (2010). Is Blood Thicker Than Water? A Study of Stewardship Perceptions in Family Business, Entrepreneurship: Theory and Practice, 34, 1093-1115.

De Massis, A., Frattini, F., & Lichtenthaler, U. (2013). Research on Technological Innovation in Family Firms: Present Debates and Future Directions. Family Business Review, 26(1), 10-31.

De Massis, A., Kotlar, J., Chua, J. H., & Chrisman, J. J. (2014). Ability and Willingness as Sufficiency Conditions for Family-Oriented Particularistic Behavior: Implications for Theory and Empirical Studies. Journal of Small Business Management, 52(2), 344-364.

Dekker, J. C., Lybaert, N., Steijvers, T., Depaire, B. and Mercken, R. (2013). Family Firm Types Based on the Professionalization Construct: Exploratory Research, Family Business Review, 26, 81-99.

Diéguez-Soto, J., Manzaneque, M. & Rojo-Ramírez, A.A.(2016). Technological Innovation Inputs, Outputs, and Performance: The Moderating Role of Family Involvement in Management. Family Business Review, 29(3), 327-346.

Diéguez-Soto, J., & Martínez-Romero, M.J.(2019). Family Involvement in Management and Product Innovation: The Mediating Role of R&D Strategies. Sustainability, 11 (11), 2162-2186.

Dijkstra, T.K. & Henseler, J. (2015). Consistent partial least squares path modelling. MISQuarterly, 39 (2), 297-316.

Donckels, R., & Fröhlich, E. (1991). Are family businesses really different? European experiences from STRATOS. Family business review, 4(2), 149-160.

Duran, P., Kammerlander, N., Van Essen, M., & Zellweger, T. (2016). Doing more with less: Innovation input and output in family firms. Academy of Management Journal, 59(4), 1224-1264.

Dyer, W. G. (1989). Integrating professional management into a family owned business. Family Business Review, 2(3), 221-235.

European Commission (2003). Recommendation 2003/361/EC. May, 6th.

Flamholtz, E. G. (1983). Accounting, budgeting and control systems in their organizational context: Theoretical and empirical perspectives. Accounting, Organizations and Society, 8(2-3), 153-169.

Freeman, C. (1976). Economics of industrial innovation. London, England: Pinter.

Gallego, J., Rubalcaba, L., & Hipp, C. (2013). Organizational innovation in small European firms: A multidimensional approach. International Small Business Journal, 31(5), 563-579.

Gersick, K. E., Gersick, K. E., Davis, J. A., Hampton, M. M., & Lansberg, I. (1997). Generation to generation: Life cycles of the family business. Harvard Business Press.

Giovannoni, E., Maraghini, M. P., & Riccaboni, A. (2011). Transmitting knowledge across generations: The role of management accounting practices. Family Business Review, 24(2), 126-150.

Gobierno de España (2018). Cifras PyME. Ministerio de Economía, Industria y Competitividad. Retrieved from http://www.ipyme.org/Publicaciones/CifrasPYME-mayo2018.pdf

Gomez-Mejia, L. R., Haynes, K. T., Núñez-Nickel, M., Jacobson, K. J. L., & Moyano-Fuentes, J. (2007). Socioemotional wealth and business risks in family-controlled firms: Evidence from Spanish olive oil mills. Administrative Science Quarterly, 52, 106-137.

Gomez-Mejia, L. R., Cruz, C., Berrone, P., & De Castro, J. (2011). The Bind that Ties: Socioemotional Wealth Preservation in Family Firms. The Academy of Management Annals, 5(1), 653-707.

Hair, J.F., Hult, G.T. M., Ringle, C.M., & Sarstedt, M. (2017). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM), 2nd edition. Thousand Oaks: Sage.

Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM", European Business Review, 31(1), 2-24.

Hared, B.A., Abdullah, Z., & Rafiul Huque, S.M. (2013). Management Control Systems: A review of literature and a theoretical framework for future researches. European Journal of Business and Management, 5(26), 1-14.

Hayes, A.F. (2009). Beyond Baron and Kenny: Statistical mediation analysis in the new millennium. Communication Monographs, 76(4), 408-420.

Helsen, Z., Lybaert, N., Steijvers, T., Orens, R., & Dekker, J. (2017). Management control systems in family firms: A review of the literature and directions for the future. Journal of Economics Surveys. 31(2) 410-435.

Henri, J. F. (2006). Management control systems and strategy: A resource-based perspective. Accounting, Organizations and Society, 31(6), 529-558.

Henseler, J. (2017). Bridging Design and Behavioral Research With Variance-Based Structural Equation Modeling. Journal of Advertising, 46(1), 178-192, doi:10.1080/00913367.2017.1281780.

Henseler, J., Dijkstra, T.K., Sarstedt, M., Ringle, C.M., Diamantopoulos, A., Straub, D.W., et al. (2014). Common beliefs and reality about partial least squares: Comments on Rönkkö & Evermann (2013). Organizational Research Methods, 17(2), 182-209.

Henseler, J., Hubona, G., Ray, P.A. (2016) "Using PLS path modeling in new technology research: updated guidelines", Industrial Management & Data Systems, 116 (1), 2-20, doi: 10.1108/IMDS-09-2015-0382

Henseler, J., Ringle, C.M., & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of the academy of marketing science, 43, 115-135.

Herath, S. K., Herath, A., & Abdul Azeez, A. (2006). Family firms and corporate culture: A case study from a Less Developed Country (LDC). International Journal of Management and Enterprise Development, 3(3), 227-243.

Hervas-Oliver, J. L., & Sempere-Ripoll, F. (2015). Disentangling the influence of technological process and product innovations. Journal of Business Research, 68(1), 109-118.

Hielb, M, Duller, C., Feldbauer-Durstmüller, B, Ulrich, P. (2015). Family influence and management accounting usage-findings from Germany and Austria. Family influence and management accounting, 17(3), 368-404.

Hu, L. T., & Bentler, P. M. (1998). Fit Indices in Covariance Structure Modeling: Sensitivity to Underparameterized Model Misspecification. Psychological Methods, 3(4), 424-453, doi: 10.1037/1082-989X.3.4.424

Ireland, R. D., Hitt, M. A., Camp, S. M., & Sexton, D. L. (2001). Integrating entrepreneurship and strategic management actions to create firm wealth. The Academy of Management Executive, 15(1), 49-63.

Ittner, C.D. & Larcker, D.L. (2001). Assessing empirical research in management accounting: a value-based management perspective, Journal of Accounting and Economics, 32(1-3), pp. 349-410.

Jensen, M. (2006). Should we stay or should we go? Accountability, status anxiety, and client defections. Administrative Science Quarterly, 51(1), 97-128.

Jørgensen, B., & Messner, M. (2009). Management control in new product development: The dynamics of managing flexibility and efficiency. Journal of Management Accounting Research, 21(1), 99-124.

Kim, Y., & Gao, F. Y. (2010). An empirical study of human resource management practices in family firms in China. The International Journal of Human Resource Management, 21(12), 2095-2119.

Kock, N. (2015). Common method bias in PLS-SEM: A full collinearity assessment approach. International Journal of E-Collaboration, 11(4), 1-10, doi: 10.4018/ijec.2015100101

Kock, N., & Lynn, G. S. (2012). Lateral Collinearity and Misleading Results in Variance-Based SEM : An Illustration and Recommendations. Journal of the Association for Information Systems, 13(7), 546-580.

König, A., Kammerlander, N., & Enders, A. (2013). The family innovator’s dilemma: How family influence affects the adoption of discontinuous technologies by incumbent firms. Academy of Management Review, 38, 418-441.

Kotlar, J., & De Massis, A. (2013). Goal setting in family firms: Goal diversity, social interactions, and collective commitment to family-centered goals. Entrepreneurship Theory and Practice, 37(6), 1263-1288.

Kotlar, J., De Massis, A., Frattini, F., Bianchi, M., & Fang, H. (2013). Technology Acquisition in Family and Nonfamily Firms: A Longitudinal Analysis of Spanish Manufacturing Firms. Journal of Product Innovation Management, 30(6), 1073-1088.

Kraiczy, N. D., Hack, A., & Kellermanns, F. W. (2014). New product portfolio performance in family firms. Journal of Business Research, 67, 1065-1073.

Lansberg, I. (1988). The succession conspiracy. Family Business Review, 1(2), 119-143.

Llach, J., & Nordqvist, M. (2010). Innovation in family and non-family businesses: a resource perspective. International Journal of Entrepreneurial Venturing, 2(3), 381-399.

Lee, G., Bennett, D., & Oakes, I. (2000). Technological and organisational change in small- to medium-sized manufacturing companies: A learning organisation perspective. International Journal of Operations & Production Management, 20, 549-572.

Leenders, M. and Waarts, E. (2003). Competitiveness and evolution of family businesses: the role of family and business orientation, European Management Journal, 21(6), 686-697.

Lindell, M. K., & Whitney, D. J. 2001. Accounting for common method variance in cross-sectional research designs. Journal of Applied Psychology, 86, 114-121.

Lopez-Valeiras, E., Gonzalez-Sanchez, M.B., & Gomez-Conde, J. (2016). The effects of the interactive use of management control systems on process and organizational innovation. Review of Managerial Science, 10, 487-510.

Mackey, J. T., & Deng, F. J. (2016). Examining the Role of Management Control Systems in the Creation of an Innovative Culture. International Journal of Innovation and Technology Management, 13(03), 1640002, doi: 10.1142/S0219877016400022

MacKinnon, D.P., Lockwood, C.M., & Williams, J. (2004). Confidence limits for the indirect effect: Distribution of the product and resampling methods. Multivariate Behavioral Research, 39(1), 99-128.

MacKinnon, D.P., Cumbers, A., & Chapman, K. (2002). Learning, innovation and regional development: A critical appraisal of recent debates. Progress in Human Geography, 26, 293-311.

Malmi, T., & Brown, D. a. (2008). Management control systems as a package: Opportunities, challenges and research directions. Management Accounting Research, 19(4), 287-300.

Matzler, K., Veider, V., Hautz, J., & Stadler, C. (2015). The impact of family ownership, management, and governance on innovation. Journal of Product Innovation Management, 32, 319-333.

Memili, E., H. Fang, J. J. Chrisman, and A. De Massis. (2015). The impact of small- and medium-sized family firms on economic growth. Small Business Economics, 45 (4), 771-85.

Michiels, A., Voordeckers,W., Lybaert, N. & Steijvers, T. (2013). CEO compensation in private family firms: Pay-for-performance and the moderating role of ownership and management. Family Business Review, 26(2), 140-160.

Minichilli, A., Corbetta, G. & MacMillan, I.C. (2010). Top management teams in family-controlled companies: ‘familiness’, ‘faultlines’, and their impact on financial performance. Journal of Management Studies, 47, 205-222.

Moilanen, S. (2008). The role of accounting in the management control system: a case study of a family-led firm, Qualitative Research in Accounting & Management, 5(3), 165-183.

Moores, K. and Mula, J. (2000). The salience of market, bureaucratic, and clan controls in the management of family firm transitions: Some tentative australian evidence. Family Business Review, 13(2), 91-106.

Nitzl, C. (2016). The use of partial least squares structural equation modelling (PLS-SEM) in management accounting research: Directions for future theory development. Journal of Accounting Literature, 37, 19-35, doi:10.1016/j.acclit.2016.09.003

O’Regan, N., & Sims, M. A. (2008). Identifying high technology small firms: A sectoral analysis. Technovation, 28(7), 408-423.

Oslo Manual. (2005) (3rd Edition). OECD Publishing.

Otley, D. (1999). Performance Management: A Framework for Management Control Systems Research. Management Accounting Research, 10(10), 363-382.

Peake, W.O. & Watson, W. (2015). Ties that Bind? A Mediation Analysis Exploring Contract Use in Family versus Nonfamily Firms. Journal of Small Business Management, 53(4), 1185-1202.

Podsakoff, P. M., S. B. MacKenzie, J. Lee, & N. P. Podsakoff (2003). Common Method Biases in behavioral Research: A Critical Review of the Literature and Recommended Remedies, The Journal of Applied Psychology, 88(5), 879-903.

Posch, Arthur and Gerhard Speckbacher (2012). Führung in Familienunternehmen: Besonderheiten der Entschei-dungsfindung und Verhaltenssteuerung und deren Auswirkung auf den Unternehmenserfolg, Zeitschrift für Betriebswirtschaft 82 (S3), 5-23.

Preacher, K. J., & Hayes, A. F. (2008). Asymptotic and resampling strategies for assessing and comparing indirect effects in multiple mediator models. Behavior Research Methods, 40, 879-891.

Rausch, A. (2011), Reconstruction of Decision-Making Behavior in Shareholder and Stakeholder Theory: Implications for Management Accounting Systems, Review of Managerial Science, 5, 137-169.

Reinartz, W., Haenlein, M., & Henseler, J. (2009). An empirical comparison of the efficacy of covariance-based and variance-based SEM. International Journal of Research in Marketing, 26(4), 332-344.

Ringle, C.M., Wende, S. & Becker, J.M. (2015). SmartPLS 3.2.8. Boenningstedt: SmartPLS GmbH [computer software], retrieved from: http://www.smartpls.com.

Ridge, J.W., Johnson, S., Hill, A.D., & Bolton, J.(2017). The role of top management team attention in new product introductions. Journal of Business Research, 70, 17-24.

Sarstedt, M., Ringle, C. M., Smith, D., Reams, R., & Hair, J. F. (2014). Partial least squares structural equation modeling (PLS-SEM): A useful tool for family business researchers. Journal of Family Business Strategy, 5(1), 105-115, doi:10.1016/j.jfbs.2014.01.002

Schepers, J., Voordeckers, W., Steijvers, T., & Laveren, E. (2014). The entrepreneurial orientation–performance relationship in private family firms: The moderating role of socioemotional wealth. Small Business Economics, 43, 39-55.

Schumpeter, J. 1934. The theory of economic development. Cambridge, MA: Harvard University Press.

Schumpeter, J. A. (1976). Capitalism, socialism, and democracy (5th ed.). London : Allen and Unwin.

Sciascia, S., Mazzola, P., Astrachan, J. H., & Pieper, T. M. (2012). The role of family ownership in international entrepreneurship: Exploring nonlinear effects. Small Business Economics, 38, 15-31.

Sciascia, S., Nordqvist, M., Mazzola, P., & De Massis, A. (2015). Family Ownership and R&D Intensity in Small- and Medium-Sized Firms. Journal of Product Innovation Management, 32(3), 349-360.

Segarra-Moliner, J.R., Moliner-Tena, M.A. (2016). Customer equity and CLV in Spanish telecommunication services. Journal of Business Research, 69 (10), 4694-4705.

Senftlechner, D., Martin, R. W., & Hiebl, M. R. W. (2015). Management accounting and management control in family businesses: Past accomplishments and future opportunities. Journal of Accounting & Organizational Change, 11(4), 573-606.

Simons, R. (1990). The role of management control systems in creating competitive advantage: new perspectives. Accounting, Organizations and Society, 15, 127-43.

Simons, R. (1991). Strategic orientation and top management attention to control systems. Strategic Management Journal, 12, 49-62.

Simons, R. (1995). Levers of Control. Harvard Business School Press.

Simons, R. (2005). Levers of Organization Design. Harvard Business School Press.

Sirmon, D. G. & Hitt, M. A. (2003) Manage resource: linking unique resource, management and wealth creation in family firms, Entrepreneurship Theory and Practice, 27(4), pp. 339-358.

Songini, L. & Gnan, L. (2015). Family involvement and agency cost control mechanisms in family small and medium-sized enterprises. Journal of Small Business Management, 53(3), 748-779.

Sosik, J.J., Kahai, S.S., & Piovoso, M.J. (2009). Silver bullet or voodoo statistics? A primer for using the partial least squares data analytic technique in group and organization research. Group & Organization Management, 34(1), 5-36.

Speckbacher, G. & Wentges, P. (2012). The impact of family control on the use of performance measures in strategic target setting and incentive compensation: A research note. Management Accounting Research, 23(1), 34-46.

Speklé, R. F. (2001). Explaining management control structure variety: a transaction cost economics perspective. Accounting, Organizations and Society, 26(4), 419-441.

Subramaniam, M. & Venkatraman, N. (1999). The influence of leveraging tacit overseas knowledge for global new product development capability: an empirical examination. In Hitt, M.A., Clifford, P.G., Nixon, R.D. and Coyne, K.P. (eds), Dynamic Strategic Resources. Chichester: Wiley, 373-401.

Tapis, G., Priya, K., & Mahon, M. (2017). Management Accounting and the Family Business: Issues, Differences, and Opportunities. Management Accounting Quarterly, 19(1), 10-18.

Teece, D. J. (1996). Firm organization, industrial structure, and technological innovation. Journal of economic behavior & organization, 31(2), 193-224.

Tenenhaus, M., & Vinzi, V. E. (2005). PLS regression, PLS path modeling and generalized Procrustean analysis: A combined approach for multiblock analysis. Journal of Chemometrics, 19(3), 145-153, doi: 10.1002/cem.917

Uhlaner, L. M., Stel, A., Duplat, V., & Zhou, H. (2012). Disentangling the effects of organizational capabilities, innovation and firm size on SME sales growth. Small Business Economics, 41, 581-607.

Van der Meer-Kooistra, J., & Scapens, R. W. (2015). Governing product co-development projects: The role of minimal structures. Management Accounting Research, 28, 68-91.

Van Gils, A. (2005). Management and governance in Dutch SMEs. European Management Journal, 23(5), 583-589.

Verhees, F. J., Meulenberg, M. T., & Pennings, J. M. (2010). Performance expectations of small firms considering radical product innovation. Journal of Business Research, 63(7), 772-777.

Voss, U. & Brettel, M. (2014). The effectiveness of management control in small firms: Perspectives from resource dependence theory. Journal of Small Business Management, 52(3), 569-587.

Werner, A., Schröder, C., & Chlosta, S. (2018). Driving factors of innovation in family and non-family SMEs. Small Business Economics, 50(1), 201-218.

Ylinen, M., & Gullkvist, B. (2014). The effects of organic and mechanistic control in exploratory and exploitative innovations. Management Accounting Research, 25(1), 93-112.

Zahra, S. A. (2005). Entrepreneurial risk taking in family firms. Family Business Review, 18(1), 23-40.

Zahra, S. A. Hayton, J. C., & Salvato, C. (2004). Entrepreneurship in family vs non-family firms: A resource-based analysis of the effect of organizational culture. Entrepreneurship Theory and Practice, 28, 363-381.

Zattoni, A., Gnan, L. & Huse, M. (2016). Does Family Involvement Influence Firm Performance? Exploring the Mediating Effects of Board Processes and Tasks. Journal of Management, 41(4), 1214-1243, doi: 10.1177/0149206312463936

Downloads

Published

2021-11-17

How to Cite

Feranita, F., Ruiz-Palomo, D., & Diéguez-Soto, J. (2021). The Role of Family Management and Management Control Systems in Promoting Technological Innovation in Family SMEs. European Journal of Family Business, 11(2). https://doi.org/10.24310/ejfbejfb.v11i2.10901

Issue

Section

Research article

Similar Articles

You may also start an advanced similarity search for this article.