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

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

Research output: Contribution to journalArticlepeer-review

Abstract

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.

Original languageEnglish
Article number100359
JournalJournal of Innovation and Knowledge
Volume8
Issue number2
DOIs
StatePublished - 1 Apr 2023

Keywords

  • Family firms
  • Intergenerational power gap
  • R&D investment

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