Family involvement, environmental turbulence, and R&D investment: evidence from Listed Chinese SMEs

被引：0
|
作者：
Jie Yang
Jieqiong Ma
Hongxin Zhao
Jim Cater
Mark Arnold
机构：
[1] The University of Texas at Tyler,Department of Marketing and Management, Soules School of Business
[2] Hofstra University,Department of Marketing & International Business, Frank G. Zarb School of Business
[3] Saint Louis University,Department of International Business, Richard A. Chaifetz School of Business
[4] Saint Louis University,Department of Marketing, Richard A. Chaifetz School of Business
来源：
Small Business Economics | 2019年 / 53卷
关键词：
Family firms; Environmental turbulence; R&D investment; China; L26; O32;
D O I：
暂无
中图分类号：
学科分类号：
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.
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页码：1017 / 1032
页数：15
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