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...

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Autores principales:	Yujia Shao, Dechun Huang, Lelin Lv, Jie Yu
Formato:	article
Lenguaje:	EN
Publicado:	Public Library of Science (PLoS) 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/aa4ea662b3d84ecfb324dfe089f17d1c
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spelling	oai:doaj.org-article:aa4ea662b3d84ecfb324dfe089f17d1c2021-12-02T20:17:10ZThe influence of non-family members in top management teams on research and development investment: Evidence from Chinese family firms.1932-620310.1371/journal.pone.0258200https://doaj.org/article/aa4ea662b3d84ecfb324dfe089f17d1c2021-01-01T00:00:00Zhttps://doi.org/10.1371/journal.pone.0258200https://doaj.org/toc/1932-6203The 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.Yujia ShaoDechun HuangLelin LvJie YuPublic Library of Science (PLoS)articleMedicineRScienceQENPLoS ONE, Vol 16, Iss 10, p e0258200 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q 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.
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.
format	article
author	Yujia Shao Dechun Huang Lelin Lv Jie Yu
author_facet	Yujia Shao Dechun Huang Lelin Lv Jie Yu
author_sort	Yujia Shao
title	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_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_sort	influence of non-family members in top management teams on research and development investment: evidence from chinese family firms.
publisher	Public Library of Science (PLoS)
publishDate	2021
url	https://doaj.org/article/aa4ea662b3d84ecfb324dfe089f17d1c
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The influence of non-family members in top management teams on research and development investment: Evidence from Chinese family firms.

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