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.
| Original language | English |
|---|---|
| Pages (from-to) | 91-119 |
| Number of pages | 29 |
| Journal | Asia Pacific Journal of Management |
| Volume | 38 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2021 Mar |
All Science Journal Classification (ASJC) codes
- Business and International Management
- Economics, Econometrics and Finance (miscellaneous)
- Strategy and Management