|
|
|
| Family Authority in TMT and Innovation: An Empirical Study in Chinese FamilyOwned Firms |
| LI Jing, HE Xiao-Gang |
| 1. Shanghai University of Political Science and Law， Shanghai， China;
2. Shanghai University of Finance and Economics， Shanghai， China |
|
|
|
|
Abstract Focusing on TMT in family firms, this paper tries to find out the relationship between family authority and innovation capabilities. Based on panel data from Chinese listed FOFs, the result shows that: first, family authority has a reversedU relationship with innovation capabilities, too low or too high levels of family authority in TMT hinders innovation; second, size of the firm and industrial dynamics play moderating role in the relationship between family authority and innovation capability. The smaller the firm and the more dynamic the environment is, the stronger impact the family authority has.
|
|
Received: 06 June 2010
|
|
|
|
|
|
|
2012, Vol. 9 
