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Intergenerational power gap and R D investment: Evidence from China

Journal of innovation & knowledge, 2023-04, Vol.8 (2), p.100359 [Peer Reviewed Journal]

ISSN: 2444-569X ;EISSN: 2444-569X

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  • Title:
    Intergenerational power gap and R D investment: Evidence from China
  • Author: Yong Zhao ; Xi Yang ; Daqi Xin ; Wencang Zhou ; Shuaijun Zhang ; Liying Wang
  • Subjects: G30 ; G32 ; O32
  • Is Part Of: Journal of innovation & knowledge, 2023-04, Vol.8 (2), p.100359
  • Description: 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.
  • Publisher: Elsevier
  • Language: English
  • Identifier: ISSN: 2444-569X
    EISSN: 2444-569X
  • Source: DOAJ Directory of Open Access Journals

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