How do ownership concentration and family control affect R&D investments? new evidence from Taiwan

dc.contributor.author Ting, Irene Wei Kiong
dc.contributor.author Lo, Huai‐Chun
dc.contributor.author Kweh, Qian Long
dc.date.accessioned 2020-02-03T15:31:01Z
dc.date.available 2020-02-03T15:31:01Z
dc.date.copyright 2018 en_US
dc.date.issued 2020-03-01
dc.description This article is not available at CUD collection. The version of scholarly record of this article is published in International Review of Finance (2020), available online at: https://doi.org/10.1111/irfi.12206. en_US
dc.description.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 nonfamily-controlled firms. © 2018 International Review of Finance Ltd. en_US
dc.description.sponsorship Universiti Malaysia Pahang. Grant Number: RDU1703126 Ministry of Science and Technology of Taiwan. Grant Number: MOST 105‐2410‐H‐155‐012
dc.identifier.citation Ting, I. W. K., Lo, H.-C., & Kweh, Q. L. (2020). How do ownership concentration and family control affect R&D investments? New Evidence from Taiwan. International Review of Finance, 20(1), 275-291. https://doi.org/10.1111/irfi.12206 en_US
dc.identifier.issn 1369412X
dc.identifier.uri http://dx.doi.org/10.1111/irfi.12206
dc.identifier.uri http://hdl.handle.net/20.500.12519/108
dc.language.iso en en_US
dc.publisher Wiley-Blackwell en_US
dc.relation Authors Affiliations: Ting, I.W.K., Benchmarking Research Group Faculty of Accounting, Ton Duc Thang University Ho Chi Minh City Vietnam, Viet Nam, Faculty of Industrial Management Universiti Malaysia Pahang Gambang Malaysia; Lo, H.-C., Division of Finance, College of Management Yuan Ze University Taoyuan Taiwan, Taiwan; Kweh, Q.L., Faculty of Management Canadian University Dubai Dubai United Arab Emirates
dc.relation.ispartofseries International Review of Finance; Volume 20, Issue 1
dc.rights Permission to reuse the abstract has been secured from Wiley-Blackwell.
dc.rights.holder Copyright : 2018 International Review of Finance Ltd.
dc.subject Family firms
dc.subject Family business
dc.subject Socioemotional wealth
dc.title How do ownership concentration and family control affect R&D investments? new evidence from Taiwan en_US
dc.type Article en_US
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