Family Ownership and Directors’ Attributes as Determinants of Innovation in SMES During the Covid-19 Pandemic

Abstract

This research shows specific determinants of innovation in SMEs in La Rioja (Spain) during the COVID-19 pandemic. Our results demonstrate that gender and university studies tend to have a positive influence on SMEs’ innovation. Female managers and managers with university studies have a positive relationship with innovation. Additionally, family SMEs tend to be less innovative than non-family SMEs. Finally, female managers with a university degree show less innovative activity. We provide clarity on sometimes contradictory findings in the related literature. Finally, we highlight the importance of developing appropriate policies to improve resilience through innovation process in SMEs.