2026-10-12T10:56:19Zhttps://riubu.ubu.es/oai/requestoai:riubu.ubu.es:10259/74692024-05-10T11:38:32Zcom_10259_7387com_10259_5086com_10259_2604col_10259_7419
Repositorio Institucional de la Universidad de Burgos
author
Delgado García, Juan Bautista
author
Blanco Mazagatos, Virginia
author
Romero Merino, María Elena
author
Díaz Portugal, Celia
2023-02-28T12:36:05Z
2023-02-28T12:36:05Z
2022-06
0024-6301
http://hdl.handle.net/10259/7469
10.1016/j.lrp.2022.102230
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.
eng
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Emotions
Affect
Innovation
Family CEO
Family ownership
Family CEO affect and R&D investments of family firms: The moderation effect of family ownership structure
info:eu-repo/semantics/article
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URL
https://riubu.ubu.es/bitstream/10259/7469/1/Delgado-lrp_2022.pdf
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Delgado-lrp_2022.pdf