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...

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Main Authors:	Irene, Wei Kiong Ting, Lo, Huai-Chun, Kweh, Qian Long
Format:	Article
Language:	English
Published:	John Wiley & Sons Ltd. 2018
Subjects:	HG Finance
Online Access:	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

id	ump-23340
recordtype	eprints
spelling	ump-233402018-12-28T02:00:33Z 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) https://doi.org/10.1111/irfi.12206
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	HG Finance
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
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.
format	Article
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
title	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_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_sort	how do ownership concentration and family control affect r&d investments? new evidence from taiwan
publisher	John Wiley & Sons Ltd.
publishDate	2018
url	http://umpir.ump.edu.my/id/eprint/23340/ http://umpir.ump.edu.my/id/eprint/23340/ http://umpir.ump.edu.my/id/eprint/23340/1/How%20Do%20Ownership%20Concentration%20and%20Family%20Control%20Affect.pdf
first_indexed	2023-09-18T22:34:53Z
last_indexed	2023-09-18T22:34:53Z
_version_	1777416529442242560

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

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