Abstract
This study examines how family owner-manager successors' ownership influences R&D investment in family businesses. Drawing on the socioemotional wealth (SEW) perspective, we theorize that successors with higher family ownership prioritize extended SEW, leading to stronger R&D investment, while those with lower family ownership prioritize restricted SEW, resulting in weaker R&D investment. Additionally, we explore how family dynamics—specifically, the number of family directors and asymmetric salary favoring family members—moderate this relationship. Our findings enhance the understanding of successor heterogeneity and its impact on innovation, offering insights for succession planning that support the long-term sustainability of family businesses.
Recommended Citation
Chen, Y., Huang, W., Fang, C., & Chen, L. (2025). Keep Family Business Innovating: Revisit the Relationship between Succession and Innovation from Ownership Succession. Journal of Product Innovation Management Wiley.
The definitive version is available at https://doi.org/10.1111/jpim.12803
Department(s)
Business and Information Technology
Publication Status
Full Access
Keywords and Phrases
asymmetric salary; family business; family director; ownership succession; R&D investment
International Standard Serial Number (ISSN)
1540-5885; 0737-6782
Document Type
Article - Journal
Document Version
Citation
File Type
text
Language(s)
English
Rights
© 2025 Wiley, All rights reserved.
Publication Date
01 Jan 2025
