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

共 50 条

[41] The chief financial officer (CFO) profile and R&D investment intensity: evidence from listed European companies
Ginesti, Gianluca
Spano, Rosanna
Ferri, Luca
Caldarelli, Adele
MANAGEMENT DECISION, 2021, 59 (13) : 99 - 114
[42] R&D investment and corporate total factor productivity under the heterogeneous environmental regulations: evidence from Chinese micro firms
Ding, X.
Zhang, Y.
Fu, Y.
Xu, Z.
INTERNATIONAL JOURNAL OF ENVIRONMENTAL SCIENCE AND TECHNOLOGY, 2025, 22 (02) : 753 - 772
[43] Political Connection and Dynamic Adjustment in R&D Investment: Evidence From Chinese Manufacturing Firms
Zou, Ping
He, Juan
R & D MANAGEMENT, 2025,
[44] Effect of buyer dependency of subcontracting SMEs on R&D investment
Lee, Pyoungsoo
Lim, Sohee
Cho, Hyejin
MANAGEMENT DECISION, 2022, 60 (08) : 2349 - 2365
[45] The role of founder reign in explaining family firms' R&D investment: evidence from China
Zhong, Xi
Song, Tiebo
Ren, Liuyang
EUROPEAN JOURNAL OF INNOVATION MANAGEMENT, 2023, 26 (02) : 422 - 445
[46] Is language an economic institution? Evidence from R&D investment
Chi, Jianxin Daniel
Su, Xunhua
Tang, Yun
Xu, Bin
JOURNAL OF CORPORATE FINANCE, 2020, 62
[47] Study on the Correlation between R&D Investment and Performance of Chinese listed Companies on Growth Enterprises Market
Guo Zhiyong
PROCEEDINGS OF THE 2ND INTERNATIONAL FORUM ON STANDARDIZATION AND TRADE: CHINA FOCUS, 2010, : 158 - 162
[48] Does the founders' involvement in R&D influence SMEs' performance?
Vagnani, Gianluca
Proietti, Luca
Gatti, Corrado
TECHNOLOGY ANALYSIS & STRATEGIC MANAGEMENT, 2024, 36 (08) : 1882 - 1897
[49] Does employing academic executives enhance R&D cost stickiness? Evidence from Chinese listed companies
Liu, Li
Hu, Wenxiu
Wang, Fangyun
Yang, Li
ECONOMIC MODELLING, 2025, 145
[50] Does environmental investment improve corporate productivity? Evidence from Chinese listed firms
Wang, Chao
Zhang, Yue-Jun
STRUCTURAL CHANGE AND ECONOMIC DYNAMICS, 2024, 70 : 398 - 409

← 1 2 3 4 5 →