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The influence of non-family members in top management teams on research and development investment: Evidence from Chinese family firms
The diversified management ability of the non-family members in the top management teams (TMTs) can significantly increase the research and development (R&D) investment of the family firms. However, existing studies focus on family characteristics. To bridge the gap, this study explored the R&am...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8500433/ https://www.ncbi.nlm.nih.gov/pubmed/34624035 http://dx.doi.org/10.1371/journal.pone.0258200 |
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author | Shao, Yujia Huang, Dechun Lv, Lelin Yu, Jie |
author_facet | Shao, Yujia Huang, Dechun Lv, Lelin Yu, Jie |
author_sort | Shao, Yujia |
collection | PubMed |
description | The diversified management ability of the non-family members in the top management teams (TMTs) can significantly increase the research and development (R&D) investment of the family firms. However, existing studies focus on family characteristics. To bridge the gap, this study explored the R&D investment propensity for family firms from the perspective of non-family members’ participation in TMTs. Based on the upper echelons and the socioemotional wealth theory, this paper incorporated the non-economic goals that influence strategic decisions on family firms into the analytical framework. According to the questionnaire data of Chinese private enterprises, the Tobit regression model was used to analyze the influence of family members on R&D investment decisions under non-economic goal orientations. The results indicated that the preference for control and influence among family members weakens the positive effect of non-family managers on R&D investment, while the preferences for status perception and social responsibility strengthen the positive effect. |
format | Online Article Text |
id | pubmed-8500433 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Public Library of Science |
record_format | MEDLINE/PubMed |
spelling | pubmed-85004332021-10-09 The influence of non-family members in top management teams on research and development investment: Evidence from Chinese family firms Shao, Yujia Huang, Dechun Lv, Lelin Yu, Jie PLoS One Research Article The diversified management ability of the non-family members in the top management teams (TMTs) can significantly increase the research and development (R&D) investment of the family firms. However, existing studies focus on family characteristics. To bridge the gap, this study explored the R&D investment propensity for family firms from the perspective of non-family members’ participation in TMTs. Based on the upper echelons and the socioemotional wealth theory, this paper incorporated the non-economic goals that influence strategic decisions on family firms into the analytical framework. According to the questionnaire data of Chinese private enterprises, the Tobit regression model was used to analyze the influence of family members on R&D investment decisions under non-economic goal orientations. The results indicated that the preference for control and influence among family members weakens the positive effect of non-family managers on R&D investment, while the preferences for status perception and social responsibility strengthen the positive effect. Public Library of Science 2021-10-08 /pmc/articles/PMC8500433/ /pubmed/34624035 http://dx.doi.org/10.1371/journal.pone.0258200 Text en © 2021 Shao et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. |
spellingShingle | Research Article Shao, Yujia Huang, Dechun Lv, Lelin Yu, Jie The influence of non-family members in top management teams on research and development investment: Evidence from Chinese family firms |
title | The influence of non-family members in top management teams on research and development investment: Evidence from Chinese family firms |
title_full | The influence of non-family members in top management teams on research and development investment: Evidence from Chinese family firms |
title_fullStr | The influence of non-family members in top management teams on research and development investment: Evidence from Chinese family firms |
title_full_unstemmed | The influence of non-family members in top management teams on research and development investment: Evidence from Chinese family firms |
title_short | The influence of non-family members in top management teams on research and development investment: Evidence from Chinese family firms |
title_sort | influence of non-family members in top management teams on research and development investment: evidence from chinese family firms |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8500433/ https://www.ncbi.nlm.nih.gov/pubmed/34624035 http://dx.doi.org/10.1371/journal.pone.0258200 |
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