How do ownership concentration and family control affect R&D investments? New evidence from Taiwan
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...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
John Wiley & Sons Ltd.
2018
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/23340/ http://umpir.ump.edu.my/id/eprint/23340/1/How%20Do%20Ownership%20Concentration%20and%20Family%20Control%20Affect.pdf |
| _version_ | 1848821780534263808 |
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| author | Irene, Wei Kiong Ting Lo, Huai-Chun Kweh, Qian Long |
| author_facet | Irene, Wei Kiong Ting Lo, Huai-Chun Kweh, Qian Long |
| author_sort | Irene, Wei Kiong Ting |
| building | UMP Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T02:30:47Z |
| format | Article |
| id | ump-23340 |
| institution | Universiti Malaysia Pahang |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T02:30:47Z |
| publishDate | 2018 |
| publisher | John Wiley & Sons Ltd. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | ump-233402022-03-29T03:50:31Z http://umpir.ump.edu.my/id/eprint/23340/ How do ownership concentration and family control affect R&D investments? New evidence from Taiwan Irene, Wei Kiong Ting Lo, Huai-Chun Kweh, Qian Long HG Finance 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. John Wiley & Sons Ltd. 2018 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/23340/1/How%20Do%20Ownership%20Concentration%20and%20Family%20Control%20Affect.pdf 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) https://doi.org/10.1111/irfi.12206 https://doi.org/10.1111/irfi.12206 |
| spellingShingle | HG Finance Irene, Wei Kiong Ting Lo, Huai-Chun Kweh, Qian Long How do ownership concentration and family control affect R&D investments? New evidence from Taiwan |
| title | How do ownership concentration and family control affect R&D investments? New evidence from Taiwan |
| title_full | How do ownership concentration and family control affect R&D investments? New evidence from Taiwan |
| title_fullStr | How do ownership concentration and family control affect R&D investments? New evidence from Taiwan |
| title_full_unstemmed | How do ownership concentration and family control affect R&D investments? New evidence from Taiwan |
| title_short | How do ownership concentration and family control affect R&D investments? New evidence from Taiwan |
| title_sort | how do ownership concentration and family control affect r&d investments? new evidence from taiwan |
| topic | HG Finance |
| url | http://umpir.ump.edu.my/id/eprint/23340/ http://umpir.ump.edu.my/id/eprint/23340/ http://umpir.ump.edu.my/id/eprint/23340/ http://umpir.ump.edu.my/id/eprint/23340/1/How%20Do%20Ownership%20Concentration%20and%20Family%20Control%20Affect.pdf |