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 |