Family firms and R&D spending
This chapter explores R&D spending in family firms. R&D spending is used as an indicator for long-term orientation in innovative industries. Long-term orientation refers to the stance of a firm that focuses on benefits accruing over the long term. The following research questions are analyzed: (1) Are family firms spending more on R&D than non-family firms? (2) What are the effects of family ownership, family management, and family firm age on R&D spending?
KeywordsFamily Firm Institutional Investor Family Business Entrepreneurial Orientation Family Ownership
Unable to display preview. Download preview PDF.