RT info:eu-repo/semantics/article
T1 Family CEO affect and R&D investments of family firms: The moderation effect of family ownership structure
A1 Delgado García, Juan Bautista
A1 Blanco Mazagatos, Virginia
A1 Romero Merino, María Elena
A1 Díaz Portugal, Celia
K1 Emotions
K1 Affect
K1 Innovation
K1 Family CEO
K1 Family ownership
K1 Economía
K1 Economics
AB The last decades have seen increasing interest in the determinants of heterogeneity in family firminnovation. In this study, we respond to recent calls to address the micro-level mechanismsbehind innovation in family firms. Specifically, we analyze the effect of family CEO affect, namelypositive and negative affective traits, on the R&D investment decisions of family firms. We alsoanalyze the moderating effect of family ownership structure on the influence of CEO affect onthese strategic decisions. Consistent with affect maintenance arguments, our findings of a sampleof 142 Spanish family firms show that positive family CEO affect negatively influences the R&Dinvestments of family firms, while negative affect positively influences these investments. Theresults also show that family CEO ownership and family CEO branch ownership strengthen theeffects of family CEO affect on R&D investments, whereas ownership concentration in otherfamily branches weakens these effects.
PB Elsevier
SN 0024-6301
YR 2022
FD 2022-06
LK http://hdl.handle.net/10259/7469
UL http://hdl.handle.net/10259/7469
LA eng
NO This work was supported by grant from the Spanish Ministry of Science and Innovation (Ministerio de Ciencia e Innovacion) ´ PID2020-120288 GB-I00.
DS Repositorio Institucional de la Universidad de Burgos
RD 17-may-2024