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Family firms and innovation: A revisit to SEW perspective

Lookup NU author(s): Dr Saurabh BhattacharyaORCiD



This is the authors' accepted manuscript of an article that has been published in its final definitive form by Taylor & Francis, 2024.

For re-use rights please refer to the publisher's terms and conditions.


Extant literature on innovation in family firms has generated mixed results regarding the preference of family firms for innovation. By integrating literature on family ownership and management, we propose an inverted U-shaped relationship between family firm ownership concentration and innovation. Our Poisson regression-based model on a sample of 532 family firms from India for ten years shows that family ownership concentration follows an inverted U-shaped relationship with innovation. Our findings further suggest that the family CEO moderates this inverted U-shaped relationship.

Publication metadata

Author(s): Agnihotri A, Bhattacharya S

Publication type: Article

Publication status: Published

Journal: Technology Analysis & Strategic Management

Year: 2024

Volume: 36

Issue: 8

Pages: 1898–1910

Print publication date: 17/06/2024

Online publication date: 07/09/2022

Acceptance date: 07/09/2022

Date deposited: 18/06/2024

ISSN (print): 0953-7325

ISSN (electronic): 1465-3990

Publisher: Taylor & Francis


DOI: 10.1080/09537325.2022.2117024

ePrints DOI: 10.57711/drmx-n027


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