Product introduction and firm's growth in family firms: a quantile regression approach

This study contributes to the recent empirical literature that deals with a firm’s innovation-performance relationship by investigating the effect that a product’s introduction has on a firm’s growth in a sample of Italian family-run enterprises, over the period 2000–2006. Using a quantile regression approach, we observe that innovation is crucial for high-growth firms, but only for those with low family influence on the process of decision making concerning the introduction of a new product.