Intergenerational power gap and R&D investment: Evidence from China

被引：2
|
作者：
Zhao, Yong [1 ,2 ]
Yang, Xi [3 ]
Xin, Daqi [4 ]
Zhou, Wencang [5 ]
Zhang, Shuaijun [6 ]
Wang, Liying [7 ]
机构：
[1] Henan Normal Univ, Business Sch, Xinxiang 453007, Peoples R China
[2] Henan Normal Univ, Soft Sci Res Base Ind Transformat & Upgrading, Xinxiang 453007, Peoples R China
[3] Beijing Univ Agr, Coll Int Educ, 7 Beinong Rd, Beijing 100096, Peoples R China
[4] Nankai Univ, Business Sch, Tianjin 300071, Peoples R China
[5] Montclair State Univ, Feliciano Sch Business, Montclair, NJ 07043 USA
[6] Univ Texas Rio Grande Valley, Robert C Vackar Coll Business & Entrepreneurship, Edinburg, TX 78541 USA
[7] Zhejiang Univ Technol, China Inst Small & Medium Enterprise, 288 Liuhe Rd, Hangzhou 310014, Peoples R China
来源：
JOURNAL OF INNOVATION & KNOWLEDGE | 2023年 / 8卷 / 02期
关键词：
Family firms; Intergenerational power gap; R&D investment; ATTENTION-BASED VIEW; FAMILY FIRMS; PERFORMANCE; INNOVATION; SUBSIDIES; SUCCESSION;
D O I：
10.1016/j.jik.2023.100359
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Family firms face the dual challenge of succession and innovation. Based on the attention-based view, this study empirically investigates the effect of intergenerational power gap on corporate R&D investment, using a sample of Chinese listed family firms. We find that intergenerational power gap has a negative effect on corporate R&D investment, and this negative relationship is amplified in traditional industries and in firms with a low proportion of institutional ownership. Our findings have theoretical and practical implications for R&D investment in the family business succession process.(c) 2023 Published by Elsevier Espana, S.L.U. on behalf of Journal of Innovation & Knowledge. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
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页数：9
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