Family Ownership, Board Independence, and R&D Investment

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Economic and Technological Importance of Innovations in Large Family and Founder Firms (2013, background): “Family firms have been found to have lower research and development (R&D) intensity relative to other firms (Block, 2012; Chen & Hsu, 2009; Chrisman & Patel, 2012; Munari, Oriani, & Sobrero, 2010; Muñoz-Bullón & Sanchez-Bueno, 2011), whereas founder firms exhibit greater R&D intensity (Block, 2012).”
Innovation and Family Ownership: Empirical Evidence from India (2014, background): “However, investigating data from Taiwanese family firms, Chen and Hsu (2009) argue that family members may abuse their power and misuse the funds, which leads to decreasing R&D”
The Ability and Willingness Paradox in Family Firm Innovation (2015, methodology): “Regarding key inputs of the innovation process, the theoretical and empirical literature is generally consistent in pointing to a negative relationship between family governance and investments in research and development (R&D) (e.g., Block, 2012; Chen and Hsu, 2009; Munari, Oriani, and Sobrero, 201”
Understanding the Innovation Behavior of Family Firms* (2015, background): “Moreover, these problems of self-control hamper the recruitment and promotion of nonfamily managers (Gedajlovic, Lubatkin, and Schulze 2004), individuals who are so important for the incorporation of new creative knowledge and intangible skills to promote and manage innovation activities (Chen and H”