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.

引用

页码：1017 / 1032

页数：15

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