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

Authors

Yong Zhao
Xi Yang
Daqi Xin
Wencang Zhou
Shuaijun Zhang, The University of Texas Rio Grande ValleyFollow
Liying Wang

Document Type

Article

Publication Date

6-2023

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.

Comments

Under a Creative Commons license

Recommended Citation

Zhao, Y., Yang, X., Xin, D., Zhou, W., Zhang, S. and Wang, L., 2023. Intergenerational power gap and R&D investment: Evidence from China. Journal of Innovation & Knowledge, 8(2), p.100359. https://doi.org/10.1016/j.jik.2023.100359

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.

Publication Title

Journal of Innovation & Knowledge

DOI

10.1016/j.jik.2023.100359