The influence of non-family members in top management teams on research and development investment: Evidence from Chinese family firms

被引：1

作者：

Shao, Yujia ^{[1
,2
]}

Huang, Dechun ^{[1
]}

Lv, Lelin ^{[1
]}

Yu, Jie ^{[1
]}

机构：

[1] Hohai Univ, Business Sch, Nanjing, Peoples R China

[2] Wuxi Taihu Univ, Business Sch, Wuxi, Jiangsu, Peoples R China

来源：

PLOS ONE | 2021年 / 16卷 / 10期

关键词：

CORPORATE SOCIAL-RESPONSIBILITY; SOCIOEMOTIONAL WEALTH; EXPLORATORY INNOVATION; INVOLVEMENT; PERFORMANCE; AGENCY; DIVERSITY; BEHAVIOR; IMPACT; DIMENSIONS;

D O I：

10.1371/journal.pone.0258200

中图分类号：

O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];

学科分类号：

07 ; 0710 ; 09 ;

摘要：

The diversified management ability of the non-family members in the top management teams (TMTs) can significantly increase the research and development (R&D) investment of the family firms. However, existing studies focus on family characteristics. To bridge the gap, this study explored the R&D investment propensity for family firms from the perspective of non-family members' participation in TMTs. Based on the upper echelons and the socioemotional wealth theory, this paper incorporated the non-economic goals that influence strategic decisions on family firms into the analytical framework. According to the questionnaire data of Chinese private enterprises, the Tobit regression model was used to analyze the influence of family members on R&D investment decisions under non-economic goal orientations. The results indicated that the preference for control and influence among family members weakens the positive effect of non-family managers on R&D investment, while the preferences for status perception and social responsibility strengthen the positive effect.

引用

页数：23

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