Family involvement, family member composition and firm innovation
Based on the data of Chinese listed family firms from 2008 to 2016, we investigate the impact of family involvement on firm innovation and the moderating effect of family member composition. The results show that increased family involvement significantly reduces R&D investment intensity and the...
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2021-03-01
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doaj-d2db213958db45d988f1261d22902f2d2021-04-04T04:18:53ZengElsevierChina Journal of Accounting Research1755-30912021-03-011414361Family involvement, family member composition and firm innovationQingmei Tan0Zixuan Liu1Peixuan Geng2Corresponding author at: No. 92, Weijin Road, Nankai District, Tianjin, China.; College of Management and Economics, Tianjin University, Tianjin, ChinaCollege of Management and Economics, Tianjin University, Tianjin, ChinaCollege of Management and Economics, Tianjin University, Tianjin, ChinaBased on the data of Chinese listed family firms from 2008 to 2016, we investigate the impact of family involvement on firm innovation and the moderating effect of family member composition. The results show that increased family involvement significantly reduces R&D investment intensity and the number of patent applications. With the increased richness of the kinship of family members involved in management, the negative impact of family involvement on patent applications is weakened, but family member composition does not have a significant moderating effect on the relationship between family involvement and R&D investment intensity. Further analysis shows that the number of invention patent applications decreases as the degree of family involvement increases, but family involvement has no significant effect on utility model patent and design patent applications. Family member composition has a significant moderating effect on the relationship between family involvement and invention patent applications. The results have value as a reference for exploring how family involvement affects firm innovation and can also help the actual controller to take effective measures to optimize family member composition and improve the innovation performance of family firms.http://www.sciencedirect.com/science/article/pii/S1755309120300514Family firmsFamily involvementFamily member compositionR&D investmentPatent applications |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Qingmei Tan Zixuan Liu Peixuan Geng |
spellingShingle |
Qingmei Tan Zixuan Liu Peixuan Geng Family involvement, family member composition and firm innovation China Journal of Accounting Research Family firms Family involvement Family member composition R&D investment Patent applications |
author_facet |
Qingmei Tan Zixuan Liu Peixuan Geng |
author_sort |
Qingmei Tan |
title |
Family involvement, family member composition and firm innovation |
title_short |
Family involvement, family member composition and firm innovation |
title_full |
Family involvement, family member composition and firm innovation |
title_fullStr |
Family involvement, family member composition and firm innovation |
title_full_unstemmed |
Family involvement, family member composition and firm innovation |
title_sort |
family involvement, family member composition and firm innovation |
publisher |
Elsevier |
series |
China Journal of Accounting Research |
issn |
1755-3091 |
publishDate |
2021-03-01 |
description |
Based on the data of Chinese listed family firms from 2008 to 2016, we investigate the impact of family involvement on firm innovation and the moderating effect of family member composition. The results show that increased family involvement significantly reduces R&D investment intensity and the number of patent applications. With the increased richness of the kinship of family members involved in management, the negative impact of family involvement on patent applications is weakened, but family member composition does not have a significant moderating effect on the relationship between family involvement and R&D investment intensity. Further analysis shows that the number of invention patent applications decreases as the degree of family involvement increases, but family involvement has no significant effect on utility model patent and design patent applications. Family member composition has a significant moderating effect on the relationship between family involvement and invention patent applications. The results have value as a reference for exploring how family involvement affects firm innovation and can also help the actual controller to take effective measures to optimize family member composition and improve the innovation performance of family firms. |
topic |
Family firms Family involvement Family member composition R&D investment Patent applications |
url |
http://www.sciencedirect.com/science/article/pii/S1755309120300514 |
work_keys_str_mv |
AT qingmeitan familyinvolvementfamilymembercompositionandfirminnovation AT zixuanliu familyinvolvementfamilymembercompositionandfirminnovation AT peixuangeng familyinvolvementfamilymembercompositionandfirminnovation |
_version_ |
1721543378580013056 |