Document Type
Article
Publication Date
4-1-2023
Journal / Book Title
Journal of Innovation and Knowledge
Abstract
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.
DOI
10.1016/j.jik.2023.100359
MSU Digital Commons Citation
Zhao, Yong; Yang, Xi; Xin, Daqi; Zhou, Wencang; and Zhang, Shuaijun, "Intergenerational power gap and R&D investment: Evidence from China" (2023). Department of Management Faculty Scholarship and Creative Works. 66.
https://digitalcommons.montclair.edu/management-facpubs/66
Rights
This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Published Citation
Zhao, Y., Yang, X., Xin, D., Zhou, W., Zhang, S., & Wang, L. (2023). Intergenerational power gap and R&D investment: Evidence from China. Journal of Innovation & Knowledge, 8(2), 100359.