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Asia Pacific Journal of Management

Erschienen in:

03.06.2019

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

verfasst von: Wen-Ting Lin, Linda C. Wang

Erschienen in: Asia Pacific Journal of Management | Ausgabe 1/2021

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Abstract

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.

Vorheriger Artikel Establishing a typology of open innovation strategies and their differential impacts on innovation success in an Asia-Pacific developed economy

Nächster Artikel Who controls the Indian economy: The role of families and communities in the Indian economy

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The dependent variable covered the years from 2001 to 2006, and the independent variables with control variables from 2000 to 2005.

A structural attribute consists of two items: foreign assets as a percentage of total assets (FATA) and overseas subsidiaries as a percentage of total subsidiaries (OSTS).

These variables were loaded on a factor using the “principal component extraction” method and a “varimax rotation.”

According to the TEJ definition, the following managerial positions are identified as (non-CEO) top management positions: vice CEO, president, vice president, general managers, vice general managers, divisional managers, and equivalent other managerial positions.

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Titel: Family firms, R&D, and internationalization: the stewardship and socio-emotional wealth perspectives
verfasst von: Wen-Ting Lin
Linda C. Wang
Publikationsdatum: 03.06.2019
Verlag: Springer US
Erschienen in: Asia Pacific Journal of Management / Ausgabe 1/2021
Print ISSN: 0217-4561
Elektronische ISSN: 1572-9958
DOI: https://doi.org/10.1007/s10490-018-9636-2

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