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Small Business Economics

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25.10.2018

Family involvement, environmental turbulence, and R&D investment: evidence from Listed Chinese SMEs

verfasst von: Jie Yang, Jieqiong Ma, Hongxin Zhao, Jim Cater, Mark Arnold

Erschienen in: Small Business Economics | Ausgabe 4/2019

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Abstract

This study draws on the insights of institutional theory and the environmental contingency perspective to explore family firm leaders’ approaches toward R&D investment in China. Our sample consisted of 577 manufacturing firms listed on the small and medium enterprises (SMEs) board of the Shenzhen Stock Exchange over a period of three years (2013–2015), representing a total of 1731 observations. Our findings show that family firms tend to invest less in R&D than their counterparts among non-family firms. Interestingly, this negative impact on R&D investment grows stronger under conditions of high technological turbulence and high government policy turbulence, but not under conditions of high market turbulence.

Vorheriger Artikel Entrepreneurial intention and regional internationalization in China

Nächster Artikel Accounting information quality and guaranteed loans: evidence from Japanese SMEs

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Titel: Family involvement, environmental turbulence, and R&D investment: evidence from Listed Chinese SMEs
verfasst von: Jie Yang
Jieqiong Ma
Hongxin Zhao
Jim Cater
Mark Arnold
Publikationsdatum: 25.10.2018
Verlag: Springer US
Erschienen in: Small Business Economics / Ausgabe 4/2019
Print ISSN: 0921-898X
Elektronische ISSN: 1573-0913
DOI: https://doi.org/10.1007/s11187-018-0113-6

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