{"title":"Innovation propensity and international development of small and medium firms: the moderating effects of corporate governance structure","authors":"C. Corsi, A. Prencipe","doi":"10.1504/IJEIM.2018.10010673","DOIUrl":null,"url":null,"abstract":"The paper aims to explore the moderating effects of governance structure on the relationship between innovation propensity and international development of SMEs. Based on agency and organisational learning theories, we hypothesise that ownership concentration, institutional ownership, family-owned firm, and foreign group affiliation have positive moderating effects on the innovation-internationalisation relationship. Using a sample of 2,876 Italian firms, the results suggest that ownership concentration and foreign group affiliation positively moderate the relation between innovation and international development. Institutional investors seem to have no interest in being involved in innovative processes or, to some extent, in the international expansion. Family-owned firms have a positive influence on international development only when they interact with the innovation efforts of the firms.","PeriodicalId":52480,"journal":{"name":"International Journal of Entrepreneurship and Innovation Management","volume":"22 1","pages":"80-102"},"PeriodicalIF":0.0000,"publicationDate":"2018-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"7","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Entrepreneurship and Innovation Management","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/IJEIM.2018.10010673","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 7
Abstract
The paper aims to explore the moderating effects of governance structure on the relationship between innovation propensity and international development of SMEs. Based on agency and organisational learning theories, we hypothesise that ownership concentration, institutional ownership, family-owned firm, and foreign group affiliation have positive moderating effects on the innovation-internationalisation relationship. Using a sample of 2,876 Italian firms, the results suggest that ownership concentration and foreign group affiliation positively moderate the relation between innovation and international development. Institutional investors seem to have no interest in being involved in innovative processes or, to some extent, in the international expansion. Family-owned firms have a positive influence on international development only when they interact with the innovation efforts of the firms.
期刊介绍：
IJEIM provides a refereed and authoritative source of information and international forum in the field of entrepreneurship and innovation management and related topics. It offers an interface between entrepreneurship and innovation, as well as business corporate strategy and government economic policy. The journal is supported by the International Society for Professional Innovation Management (ISPIM). Topics covered include Corporate innovation restructuring Managing/leading fast-paced high-tech start-ups Intrapreneurship/corporate venturing International aspects of entrepreneurship Entrepreneurship in economic development New business incubators, networks, technology parks, etc Government policies Venture capital, government funds/grants Technological/organisational innovation Strategic cooperation among SMEs Case studies, lessons learnt Strategy development/implementation where high-tech/market risk Innovation, technopreneurship, licensing/franchising Marketing of innovations/by entrepreneurs Cross-cultural management.
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