Irene, Wei Kiong Ting and Lo, Huai-Chun and Kweh, Qian Long (2018) How do ownership concentration and family control affect R&D investments? New evidence from Taiwan. International Review of Finance. pp. 1-17. ISSN 1468-2443. (In Press / Online First) (In Press / Online First)
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Abstract
This study finds a nonlinear relationship between ownership concentration and R&D investments. Specifically, ownership concentration is positively related to R&D investments at a low level of ownership concentration; the relationship becomes negative when ownership concentration is at a high level. However, the impact of ownership concentration on R&D investments is lessened in family-controlled firms; that is, family control moderates the relationship between ownership concentration and R&D investments. Overall, this study suggests that the ownership concentration’s nonlinear impact on R&D investments differs between family-controlled firms and non-family-controlled firms.
| Item Type: | Article |
|---|---|
| Additional Information: | Impact factor:0.633 ISI Journal Citation Reports © Ranking: 2017:81/98 (Business, Finance) |
| Uncontrolled Keywords: | R&D Investments; ownership concentration |
| Subjects: | H Social Sciences > HG Finance |
| Faculty/Division: | Faculty of Industrial Management |
| Depositing User: | Dr. Irene Ting Wei Kiong |
| Date Deposited: | 28 Dec 2018 01:56 |
| Last Modified: | 29 Mar 2022 03:50 |
| URI: | http://umpir.ump.edu.my/id/eprint/23340 |
| Download Statistic: | View Download Statistics |
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