Innovation Motives in Family Firms: A Transgenerational View

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  • Vanessa Diaz-Moriana
    Department of Business Economics, University of the Balearic Islands (UIB), Palma de Mallorca, Balearic Islands, Spain
  • Eric Clinton
    Department of Economics, Finance & Entrepreneurship, Dublin City University, Dublin, Ireland
  • Nadine Kammerlander
    Department of Entrepreneurship and Innovation Group, WHU – Otto Beisheim School of Management, Vallendar, Rheinland-Pfalz, Germany
  • G. T. Lumpkin
    Department of Entrepreneurship & Economic Development, University of Oklahoma, Norman, OK, USA
  • Justin B. Craig
    Kellogg School of Management, Northwestern University, Evanston, IL, USA

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<jats:p> Drawing on the transgenerational entrepreneurship perspective, we employ a multiple case study approach to investigate why multigenerational family firms innovate. The data collection process drew upon five in-depth cases comprising 42 semistructured interviews, 25 participant observations, and several thousand pages of historical data dating from 1916 to 2017. We find patterns on how the firms’ long-term view—embracing both the past and the future—influences the innovation motives of these firms. Specifically, we identify three innovation patterns: conserving, persisting and legacy-building. We introduce a set of propositions and a framework linking long-term orientation dimensions to innovation motives and innovation outcomes. Our research thus contributes to a more fine-grained understanding of innovation behavior in family firms. </jats:p>

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