UMP Institutional Repository

Ownership Concentration and R&D Investments? Variations Brought by Family Control in Taiwan

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

6. Ownership concentration and R&D investments ( ) Variations brought by family control in taiwan.pdf

Download (387kB) | Preview


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: 11 Oct 2018 07:41
Download Statistic: View Download Statistics

Actions (login required)

View Item View Item