TY - JOUR
T1 - Family firms, R&D, and internationalization
T2 - the stewardship and socio-emotional wealth perspectives
AU - Lin, Wen Ting
AU - Wang, Linda C.
N1 - Publisher Copyright:
© 2019, Springer Science+Business Media, LLC, part of Springer Nature.
PY - 2021/3
Y1 - 2021/3
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=85067006604&partnerID=8YFLogxK
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U2 - 10.1007/s10490-018-9636-2
DO - 10.1007/s10490-018-9636-2
M3 - Article
AN - SCOPUS:85067006604
SN - 0217-4561
VL - 38
SP - 91
EP - 119
JO - Asia Pacific Journal of Management
JF - Asia Pacific Journal of Management
IS - 1
ER -