Intergenerational power gap and R&D investment : evidence from China

Yong Zhao, Xi Yang, Daqi Xin, Wencang Zhou, Shuaijun Zhang, Liying Wang

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.

MoreLess

Year of publication:	2023
Authors:	Zhao, Yong ; Yang, Xi ; Xin, Daqi ; Zhou, Wencang ; Zhang, Shuaijun ; Wang, Liying
Published in:	Journal of innovation & knowledge : JIK. - Amsterdam : Elsevier, ISSN 2444-569X, ZDB-ID 2885454-8. - Vol. 8.2023, 2, Art.-No. 100359, p. 1-9
Subject:	Family firms \| Intergenerational power gap \| R&D investment \| China \| Familienunternehmen \| Family business \| Generationengerechtigkeit \| Intergenerational equity \| Investition \| Investment \| Investitionsentscheidung \| Investment decision