Call for Papers - Special Issue of JPIM
Wednesday, June 13, 2012
CALL FOR PAPERS
Special Issue of the Journal of Product Innovation Management
"Management Research on Governance, Ownership and Innovation:
Opening up the Agenda to Family Firms”
James J. Chrisman, Mississippi State University
Jess H. Chua, University of Calgary
Alfredo De Massis, University of Bergamo
Federico Frattini, Politecnico di Milano
Mike Wright, Imperial College
Corporate governance consists of the incentives, monitoring, and authority structures as well as
the norms of accountability that shape the policies and strategies used by a firm to create longterm
value for stakeholders. Corporate governance has been shown to be profoundly affected by
the type and structure of ownership and the two have typically been examined together.
It is also generally acknowledged that innovation is an important determinant of firm
performance and long-term value creation. As a result, there is now a growing literature on how
governance and ownership affect innovation. For example, researchers have studied how R&D
intensity, an important determinant of innovation, is affected by ownership concentration, the
shareholdings of large shareholders, different types of ownership, the presence of a single large
shareholder, and share ownership by top management. Researchers have also examined the
relationship between R&D intensity and the composition of the board of directors and top
management compensation. The literature has largely ignored private firms and in particular the
much more common family ownership and governance pattern.
Family ownership of business organizations is ubiquitous around the world and dominant in
many countries. Its influence even in a developed economy such as that of the U.S. is significant.
For example, family firms are estimated to generate 89% of total tax returns, 64% of GDP, and
employ 62% of the total workforce in the U.S. One-third of the S&P 500 firms are controlled by
the founding family; in other parts of the world, such as the emerging economies in Asia, South
America and beyond, the importance of family firms is even greater. As a result, innovation
among family firms also has wider policy impact issues as an avenue for governments to help
generate growth. Yet, research on innovation in family firms is limited. Thus, there is a need for
more research on this important sector of the global economy, especially because innovation
processes and outcomes that occur in family firms are likely to be different from those found in
other governance and ownership archetypes as a result of the influence of family ownership on
the organizational goals, risk taking, and investment horizons.
In order to catalyse research in this direction, this special issue aims to present cutting edge
research on how family ownership and governance influence, and are influenced by innovation.
We encourage submission of empirical, conceptual, and literature review papers that can provide
a unique perspective using diverse theoretical and methodological approaches. Authors are also
encouraged to propose different and novel approaches for operationalizing the family business
concept that are particularly suited to capture the peculiarities of family firms in innovation.
These measures could rely both on discrete variables (e.g., threshold values based on percentage
of family ownership, percentages of management team drawn from the family, CEO’s selfperception
to be a family business) and on continuous scales capturing family influence along
multiple dimensions, such as ownership, management and generational involvement (e.g., the FPEC
Contributions may address but are not limited to the following topics:
• Open and collaborative innovation in family firms as compared to other governance and
• Critical success factors (CSFs) for product innovation in family firms as compared to other
governance and ownership archetypes.
• Responding to disruptive innovation in family firms as compared to other governance and
• Models of inter- and intra-organizational diffusion of innovation in family firms as compared
to other governance and ownership archetypes.
• Achieving ambidexterity in family firms as compared to other governance and ownership
• Fostering creativity in family firms as compared to other governance and ownership
• Organizing innovation in family firms as compared to other governance and ownership
• Financing innovation in family firms as compared to other governance and ownership
• Succession and transgenerational innovation in family firms.
• Professionalization and the role of outsiders in the innovation process of family firms.
• Family ownership, family management and innovation performance.
• Emotional dynamics in the family firm innovation process as compared to the innovation
process in other governance and ownership archetypes.
• If, how, and when innovation changes the nature of family firm governance over time.
Submissions to the special issue should be sent electronically (in Microsoft Word) to any of the
guest editors before February 28, 2013. All submissions will be subject to the standard doubleblind
review process followed by JPIM. All manuscripts must be original, unpublished works
that are not concurrently under review for publication elsewhere.
All submissions should conform to the JPIM manuscript submission guidelines available at www.wiley.com/bw/submit.asp?ref=0737-6782&site=1.
The publication of the special issue is expected by the end of 2014.Questions about this special issue may be directed to any of the guest editors at their email
addresses provided above.