Family involvement, environmental turbulence, and R&D investment: evidence from Listed Chinese SMEs

被引：30

作者：

Yang, Jie ^{[1
]}

Ma, Jieqiong ^{[2
]}

Zhao, Hongxin ^{[3
]}

Cater, Jim ^{[1
]}

Arnold, Mark ^{[4
]}

机构：

[1] Univ Texas Tyler, Dept Mkt & Management, Soules Sch Business, Tyler, TX 75799 USA

[2] Hofstra Univ, Frank G Zarb Sch Business, Dept Mkt & Int Business, Hempstead, NY 11550 USA

[3] St Louis Univ, Dept Int Business, Richard A Chaifetz Sch Business, St Louis, MO 63103 USA

[4] St Louis Univ, Richard A Chaifetz Sch Business, Dept Mkt, St Louis, MO 63103 USA

来源：

SMALL BUSINESS ECONOMICS | 2019年 / 53卷 / 04期

关键词：

Family firms; Environmental turbulence; R&D investment; China; MARKET ORIENTATION; COMPETITIVE ADVANTAGE; BUSINESS PERFORMANCE; FIRM PERFORMANCE; ENTREPRENEURIAL ORIENTATION; TECHNOLOGICAL-INNOVATION; CORPORATE GOVERNANCE; AGENCY; STEWARDSHIP; ANTECEDENTS;

D O I：

10.1007/s11187-018-0113-6

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study draws on the insights of institutional theory and the environmental contingency perspective to explore family firm leaders' approaches toward R&D investment in China. Our sample consisted of 577 manufacturing firms listed on the small and medium enterprises (SMEs) board of the Shenzhen Stock Exchange over a period of three years (2013-2015), representing a total of 1731 observations. Our findings show that family firms tend to invest less in R&D than their counterparts among non-family firms. Interestingly, this negative impact on R&D investment grows stronger under conditions of high technological turbulence and high government policy turbulence, but not under conditions of high market turbulence.

引用

页码：1017 / 1032

页数：16

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