Trade Secret Protection and R&D Investment of Family Firms

被引：6

作者：

Hussinger, Katrin ^{[1
,2
,3
]}

Issah, Wunnam ^{[1
,4
]}

机构：

[1] Univ Luxembourg, Luxembourg, Luxembourg

[2] Katholieke Univ Leuven, Leuven, Belgium

[3] Ctr European Econ Res, Mannheim, Germany

[4] Witten Herdecke Univ, Witten, Germany

来源：

FAMILY BUSINESS REVIEW | 2022年 / 35卷 / 04期

关键词：

family firms; intellectual property protection; trade secret protection; UTSA; R&D investments; socioemotional wealth; SOCIOEMOTIONAL WEALTH; CORPORATE-OWNERSHIP; INNOVATION EVIDENCE; EMPIRICAL-ANALYSIS; MARKET-STRUCTURE; NONFAMILY FIRMS; FOUNDER FIRMS; PATENT; PERFORMANCE; AGENCY;

D O I：

10.1177/08944865221125542

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Family firms are known for their reluctance to invest in R&D. We show that strengthened trade secret protection is associated with higher R&D investment by family firms. More specifically, we show that the association between the strength of trade secret protection through the U.S. Uniform Trade Secrets Act and R&D investment is positively moderated by family control. Our results further show that the positive moderation of family control on the association between the strength of trade secret protection and R&D investment varies with the industry context, being stronger in high-tech industries and weaker in discrete product industries.

引用

页码：361 / 382

页数：22

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