Irene, Wei Kiong Ting and Kweh, Qian Long and Lo, Huai-Chun (2017) Ownership Concentration and R&D Investments? Variations Brought by Family Control in Taiwan. In: Proceedings of the FGIC 1st Conference on Governance & Integrity , 3-4 April 2017 , Yayasan Pahang, Kuantan, Malaysia. pp. 94-106.. ISBN 978-967-2054-37-5
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6. Ownership concentration and R&D investments ( ) Variations brought by family control in taiwan.pdf Download (387kB) | Preview |
Abstract
This study finds that ownership concentration has a positive impact on R&D investments up to a critical point, after which the impact is reversed. Further, the study indicates that family control has a moderating effect on the nonlinear relationship between ownership concentration and R&D investments. More specifically, family-controlled firms are influenced by ownership concentration to a lower extent than non-family controlled firms. Consistent with most prior studies, this study shows that shareholders of a family-controlled firm are involved in the long-term decisions of the firm, and may thus invest in R&D innovation to seek long-term profit maximization in certain situations.
| Item Type: | Conference or Workshop Item (Speech) |
|---|---|
| Uncontrolled Keywords: | Ownership concentration; R&D investments; Family control; Moderating effect; Excess control |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Faculty/Division: | Faculty of Industrial Management |
| Depositing User: | Pn. Hazlinda Abd Rahman |
| Date Deposited: | 02 Jun 2017 02:23 |
| Last Modified: | 29 Mar 2022 03:47 |
| URI: | http://umpir.ump.edu.my/id/eprint/17608 |
| Download Statistic: | View Download Statistics |
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