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

Wen-Ting Lin, Linda C. Wang

Research output: Contribution to journalArticle

1 Citation (Scopus)

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 languageEnglish
JournalAsia Pacific Journal of Management
DOIs
Publication statusPublished - 2019 Jan 1

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Stewardship
Internationalization
Family firms
Socioemotional wealth
Chief executive officer
High-tech firms
Stewardship theory
Taiwan
Longitudinal data
Family ownership
Moderating effect

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Economics, Econometrics and Finance (miscellaneous)
  • Strategy and Management

Cite this

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