Francesco Chirico is an Associate Professor at Jönköping International Business School, Center for Family Enterprise and Ownership—CeFEO, PO Box 1026, SE-551 11 Jönköping, Sweden.
Knowledge Internalization and Product Development in Family Firms: When Relational and Affective Factors Matter
Article first published online: 2 JUN 2014
© 2014 Baylor University
Entrepreneurship Theory and Practice
Volume 40, Issue 1, pages 201–229, January 2016
How to Cite
Chirico, F. and Salvato, C. (2016), Knowledge Internalization and Product Development in Family Firms: When Relational and Affective Factors Matter. Entrepreneurship Theory and Practice, 40: 201–229. doi: 10.1111/etap.12114
We are indebted to the editor—Franz Kellermanns—and the two anonymous reviewers for their insightful and developmental feedback. We gratefully acknowledge the valuable feedback of Barbara Byrne, Gianluca Colombo, Gerard George, Robert Grant, Sabine Klein, Michael Hitt, Duane Ireland, John Lafkas, and Johan Wiklund. We also benefited greatly from the valuable comments and suggestions we received from many colleagues during the CeFEO (Center for Family Enterprise and Ownership) seminars at Jönköping International Business School (Sweden). We highly appreciate the financial support received from the Family Owned Business Institute (Grand Rapids, the US), the Swiss National Science Foundation (Switzerland) and the Handelsbanken Foundation (Sweden).
- Issue published online: 21 JAN 2016
- Article first published online: 2 JUN 2014
- Family Owned Business Institute (Grand Rapids, the US)
- Swiss National Science Foundation (Switzerland)
- Handelsbanken Foundation (Sweden)
Understanding the forces that support and inhibit product development (PD) in family firms is central to explaining their long-term success and survival. Our study reveals that social capital and relational conflict among family members do not affect PD directly, as existing theory suggests, but only through the internalization of knowledge among family members. In contrast, family members’ affective commitment to the family firm is so powerful that it has both a mediated and a direct effect on PD. These results differ across generations of the controlling family, therefore offering an extension of existing theories of knowledge and PD in family firms.