Ownership concentration and product innovation in Chinese private SMEs
By Ziliang Deng, Peter S. Hofman, Alexander Newman. Asia Pacific Journal of Management, 2012
122 citations recorded by the source corpus.
Product innovation is extremely important to the growth, success, and ultimate survival of firms. Although its unique features in small and medium-sized enterprises (SMEs) have gained growing attention in the literature, there is limited knowledge as to how ownership concentration moderates the relationship between product innovation and its determinants. Based upon insights from agency and institutional theories, we examine the moderating effects of ownership concentration on the relationship between product innovation and its key determinants in Chinese SMEs, utilizing a large dataset of 43,728 Chinese firms over the period 2005–2006. We focus on examining the differences between single-owner SMEs, where there is dominant control of one family member, and multiple-owner SMEs, where principal-agent conflicts and principal-principal conflicts are more likely to occur. Our findings indicate that single-owned firms tend to convert research and development into product innovation more efficiently than firms with multiple owners, who are typically better at utilizing external sources of knowledge and human capital.
Subfields: Accounting, Management of Technology and Innovation, Organizational Behavior and Human Resource Management
View Paper: https://www.semanticscholar.org/paper/2f3f14b79991cd1e762e2fc746d1862a007aead1
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In Accounting
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Citations in the corpus
- The impact of perceived corporate social responsibility on organizational commitment and the moderating role of collectivism and masculinity: evidence from China (2014, background): “These findings are also relevant for Chinese supplier firms that are aiming to strengthen their position in the supply chain through enhancing their innovativeness (Deng et al. 2013).”