One worldwide assessment and national rankings of organizational innovation

Property rights and smaller, often family, organizations prevail

Excerpt: "Our work illustrates the importance of property-rights protections to business growth. And while such legal protections enable growth for everyone, small and medium-sized family-run businesses stand to gain the most from them.

This isn’t entirely surprising. Large companies often have more robust systems in place to protect against risks such as theft and fraud. And they have less need to innovate thanks to their size and established market presence. In contrast, smaller companies must innovate continuously to compete and grow.

Family companies also care about passing firms to future generations, which gives them an extra incentive to innovate: If they don’t, they may cease to exist. This seems to be more relevant to smaller, less established family companies."