Schäfer, Dorothea; Stephan, Andreas; Mosquera, … - In: Small Business Economics 48 (2017) 4, pp. 931-951
Using the Mannheim innovation panel, we investigate whether family firms have higher financial need and how this … affects both innovation input and innovation outcomes such as firm or market novelties, or process innovation. Applying the … CDM framework, we find that family firms are more likely to have a latent financial need for innovation, which means that …