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...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Public Library of Science (PLoS)
2021-01-01
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| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0258200 |
| _version_ | 1818990422423240704 |
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| author | Yujia Shao Dechun Huang Lelin Lv Jie Yu |
| author_facet | Yujia Shao Dechun Huang Lelin Lv Jie Yu |
| author_sort | Yujia Shao |
| collection | DOAJ |
| 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. |
| first_indexed | 2024-12-20T19:54:07Z |
| format | Article |
| id | doaj.art-aa4ea662b3d84ecfb324dfe089f17d1c |
| institution | Directory Open Access Journal |
| issn | 1932-6203 |
| language | English |
| last_indexed | 2024-12-20T19:54:07Z |
| publishDate | 2021-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj.art-aa4ea662b3d84ecfb324dfe089f17d1c2022-12-21T19:28:12ZengPublic Library of Science (PLoS)PLoS ONE1932-62032021-01-011610e025820010.1371/journal.pone.0258200The influence of non-family members in top management teams on research and development investment: Evidence from Chinese family firms.Yujia ShaoDechun HuangLelin LvJie YuThe 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.https://doi.org/10.1371/journal.pone.0258200 |
| spellingShingle | Yujia Shao Dechun Huang Lelin Lv Jie Yu The influence of non-family members in top management teams on research and development investment: Evidence from Chinese family firms. PLoS ONE |
| 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 |
| url | https://doi.org/10.1371/journal.pone.0258200 |
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