Family firms, R&D, and internationalization: the stewardship and socio-emotional wealth perspectives

Family firms, R&D, and internationalization: the stewardship and socio-emotional wealth perspectives

This study draws on stewardship theory and socio-emotional wealth theory to postulate the moderating impact of family ownership on the relationship between research and development (R&D) and firm internationalization. In particular, it focuses on how the relationship between R&D and internat...

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Veröffentlicht in:Asia Pacific journal of management 2021-03, Vol.38 (1), p.91-119
Hauptverfasser: Lin, Wen-Ting, Wang, Linda C.
Format: Artikel
Sprache:eng
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Business and Management
Domestic relations
Family corporations
Family owned businesses
Family-owned business enterprises
Globalization
High technology industry
Information management
Management
R&D
Research & development
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Wang, Linda C.
description This study draws on stewardship theory and socio-emotional wealth theory to postulate the moderating impact of family ownership on the relationship between research and development (R&D) and firm internationalization. In particular, it focuses on how the relationship between R&D and internationalization differs between family firms managed by a CEO who is a family member and family firms that are managed by a CEO from outside of the family. Based on longitudinal data gathered from 2000 through 2006 from 179 publicly listed high-tech firms in Taiwan, the results reveal that family CEOs further positively moderate the positive relationship between R&D and firm internationalization, while the moderating effect of non-family CEOs proved weaker regarding R&D and firm internationalization.
doi_str_mv 10.1007/s10490-018-9636-2
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subjects Business and Management
Domestic relations
Family corporations
Family owned businesses
Family-owned business enterprises
Globalization
High technology industry
Information management
Management
R&D
Research & development
title Family firms, R&D, and internationalization: the stewardship and socio-emotional wealth perspectives
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