| dc.description.abstract | This paper investigates the relationship between R&D investments and family firms to
examine whether or not family firms invest less in R&D than non-family firms in East
Asia. Using a large sample of 15,955 observation from publicly listed companies in 8
East Asian nations during the period 2000 to 2017, I figure out consistent evidence that
there is a significantly negative association between R&D investments and family
ownership, or family firms perform fewer investments in R&D than non-family firms.
My study contributes to innovation and family firm literature by solving the skewed
knowledge of Western family businesses, bridging the gap of institution in cross-country
analysis and expanding the research of family firms through the lens of religion. For the
study analyses, I control a wide range of firm-level and institutional-level factors, crisis,
fixed industry and year effects, and conduct multiple robustness tests to ensure the quality
of my findings and evaluate the sensitivity. | en_US |
