Scientific breakthroughs coming from universities can contribute to the emergence of new industries, such as in the case of biotechnology. Obviously, not all research conducted in universities leads to a radical change from existing technological trajectories. Patents and patent dynamics have...

The role of owner-family members as internal monitors of firm performance has been largely neglected in family business studies so far. While family management of firms does not lead to clear performance improvements, accounting research has shown that families are better monitors. In this...