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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