Entrepreneurship, Innovation and Education
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Entrepreneurship, Innovation and Education

Frontiers in European Entrepreneurship Research

Edited by Ulla Hytti, Robert Blackburn and Eddy Laveren

Entrepreneurship, Innovation and Education explores the need for researching innovation and learning in family firms, micro firms, SMEs and in rural and network contexts. The chapters offer new insights into the antecedents of business performance in SMEs by investigating social capital and marketing capabilities. This book critically discusses innovation and entrepreneurship matters in new and varied contexts in Europe.
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Chapter 2: Innovation in family firms and SMEs: distinctive features and research challenges

Alfredo De Massis and Paola Rovelli

Abstract

Innovation is widely recognized as a key asset for firms, positively affecting performance, growth, long-term value creation, and competitive advantage. When studying innovation, scholars usually focus on large and listed firms, while relatively limited knowledge exists on innovation in family firms and small and medium-sized enterprises (SMEs). However, these are the most ubiquitous forms of business organization around the world and overlooking their distinctive features may limit current understanding about innovation. In this chapter, we highlight relevant research avenues and unaddressed questions for future research on innovation in family firms and SMEs. In so doing, we outline a future research agenda that will hopefully guide future scholars interested in innovation in the context of family firms and SMEs.

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