2026-04-29T20:47:39Zhttps://riubu.ubu.es/oai/request

oai:riubu.ubu.es:10259/74692024-05-10T11:38:32Zcom_10259_7387com_10259_5086com_10259_2604col_10259_7419

Family CEO affect and R&D investments of family firms: The moderation effect of family ownership structure Delgado García, Juan Bautista Blanco Mazagatos, Virginia Romero Merino, María Elena Díaz Portugal, Celia Emotions Affect Innovation Family CEO Family ownership Economía Economics The last decades have seen increasing interest in the determinants of heterogeneity in family firm innovation. In this study, we respond to recent calls to address the micro-level mechanisms behind innovation in family firms. Specifically, we analyze the effect of family CEO affect, namely positive and negative affective traits, on the R&D investment decisions of family firms. We also analyze the moderating effect of family ownership structure on the influence of CEO affect on these strategic decisions. Consistent with affect maintenance arguments, our findings of a sample of 142 Spanish family firms show that positive family CEO affect negatively influences the R&D investments of family firms, while negative affect positively influences these investments. The results also show that family CEO ownership and family CEO branch ownership strengthen the effects of family CEO affect on R&D investments, whereas ownership concentration in other family branches weakens these effects. This work was supported by grant from the Spanish Ministry of Science and Innovation (Ministerio de Ciencia e Innovacion) ´ PID2020-120288 GB-I00. 2023-02-28T12:36:05Z 2023-02-28T12:36:05Z 2022-06 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion 0024-6301 http://hdl.handle.net/10259/7469 10.1016/j.lrp.2022.102230 eng Long Range Planning. 2022, 102230 https://doi.org/10.1016/j.lrp.2022.102230 info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PID2020-120288GB-I00/ES/RESILIENCIA DE EMPRENDEDORES Y EMPRESAS FAMILIARES DURANTE LA COVID-19. RESPUESTAS DESDE EL CAPITAL PSICOLOGICO, EL CAPITAL SOCIAL Y LA RIQUEZA SOCIOEMOCIONAL/ Attribution-NonCommercial-NoDerivatives 4.0 Internacional http://creativecommons.org/licenses/by-nc-nd/4.0/ info:eu-repo/semantics/openAccess application/pdf Elsevier https://riubu.ubu.es/bitstream/10259/7469/4/Delgado-lrp_2022.pdf.jpg Hispana TEXT http://creativecommons.org/licenses/by-nc-nd/4.0/ RIUBU. Repositorio Institucional de la Universidad de Burgos http://hdl.handle.net/10259/7469