Title: Product innovation and firm's growth in family firms: a quantile regression approach

Authors: Marco Cucculelli

Addresses: Department of Economics and Social Sciences, Marche Polytechnic University, Piazzale Martelli, 8, 60100 Ancona, Italy

Abstract: This study contributes to the recent empirical literature that deals with a firm's innovation-performance relationship by investigating the effect that a product introduction has on a firm's growth in a sample of Italian family-run enterprises. Using a quantile regression approach, we observe that innovation is crucial for high-growth firms, but only for those with low family influence on the process of decision making concerning the introduction of a new product.

Keywords: new product introduction; NPI; product innovation; family firms; firm growth; quantile regression; family businesses; firm performance; Italy; decision making.

DOI: 10.1504/IJEIM.2013.055239

International Journal of Entrepreneurship and Innovation Management, 2013 Vol.17 No.1/2/3, pp.124 - 141

Received: 03 Aug 2012
Accepted: 15 Mar 2013
Published online: 30 Apr 2014 *

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