Marketization, education and family business’s R&D investment

Abstract

Abstract: R&D investment is the most determinant element for innovational capability. The study of the impact of family control on R&D investment in transition economy has theoretical and realistic significance. The study, based on SEW perspective, supposes that family business invests less in R&D than non-family business and the increases of R&D investment in the family business is also less than non-family business in the case of the higher marketization level or higher education of CEO, but the increase of R&D investment is more for family business than for non-family business in the case of higher marketization level plus higher education. The empirical analysis based on ACFIC data supports these hypotheses.

Key words: family business, marketization level, education level, SEW, R&D investment

CLC Number:

F272.3

Chen Ling, Wu Bingde. Marketization, education and family business’s R&D investment[J]. Science Research Management, 2014, 35(7): 44-50.

References

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