Family Assets and Liabilities in the Innovation Process

Morten Bennedsen, Nicolai Juul Foss

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    Abstrakt

    Innovation in family firms is often driven by family assets, valuable resources that are particularly prevalent in family firms. For example, they have particularly strong networks that can be deployed in an innovation context. These family assets can over time atrophy and stifle rather than stimulate innovation performance.
    However, family firms can fight this process by institutionalizing innovation within the family and the firm by means of family and corporate governance and through incentivizing key individuals in the innovation process.
    OriginalsprogEngelsk
    TidsskriftCalifornia Management Review
    Vol/bind58
    Udgave nummer1
    Sider (fra-til)65-81
    Antal sider17
    ISSN0008-1256
    DOI
    StatusUdgivet - 2015

    Emneord

    • Corporate governance
    • Family assets
    • Family firms
    • Innovation

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