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- Title
Analyse de la relation entre la dispersion de l’actionnariat familial et les investissements en R&D : Le rôle modérateur de la turbulence du marché.
- Authors
Bauweraerts, Jonathan
- Abstract
The main purpose of this research is to investigate the relationship between family ownership dispersion and R&D investments. Drawing on the socioemotional wealth perspective and the mixed gamble approach, this article suggests that family ownership dispersion is positively related to R&D expenditures. However, this positive relationship is weakened when the company evolves in highly turbulent markets. Empirical analyses from a sample of 284 private family firms confirm these predictions, shedding new light on the consequences of family ownership heterogeneity on innovation.
- Subjects
FAMILY-owned business enterprises; TECHNOLOGICAL innovations; FAMILY relations; GAMBLING; DISPERSION (Chemistry)
- Publication
Management international / International Management / Gestiòn Internacional, 2022, Vol 26, Issue 4, p152
- ISSN
1206-1697
- Publication type
Article
- DOI
10.7202/1092163ar