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

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

doi:10.1016/j.jik.2023.100359

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

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

Management

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

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 language	English
Article number	100359
Journal	Journal of Innovation and Knowledge
Volume	8
Issue number	2
DOIs	https://doi.org/10.1016/j.jik.2023.100359
State	Published - 1 Apr 2023

Keywords

Family firms
Intergenerational power gap
R&D investment

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.jik.2023.100359

Cite this

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title = "Intergenerational power gap and R\&D investment: Evidence from China",

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.",

keywords = "Family firms, Intergenerational power gap, R\&D investment",

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T2 - Evidence from China

AU - Zhao, Yong

AU - Yang, Xi

AU - Xin, Daqi

AU - Zhou, Wencang

AU - Zhang, Shuaijun

AU - Wang, Liying

PY - 2023/4/1

Y1 - 2023/4/1

N2 - 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.

AB - 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.

KW - Family firms

KW - Intergenerational power gap

KW - R&D investment

UR - https://www.scopus.com/pages/publications/85150919645

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DO - 10.1016/j.jik.2023.100359

M3 - Article

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JO - Journal of Innovation and Knowledge

JF - Journal of Innovation and Knowledge

IS - 2

M1 - 100359

ER -

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

Abstract

Keywords

UN SDGs

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