Innovation in Family Firms: An Agency and Resource‐Based Lens on Contingencies of Generation and Management Diversity

Family firms are increasingly recognized as a heterogeneous group of businesses with specific strengths and weaknesses that make them either superior or inferior to non‐family firms. Recent research has therefore started shifting away from comparisons between family firms and non‐family firms to comparisons between family firms. This study investigates the influence of two key paramete rs of ‘familiness’ – the generation in control and the...