A Study of the Moderating Influence of R&D Intensity on the Family Management-Firm Performance Relationship: Evidence from Spanish Private Manufacturing Firms | Zendy

Diéguez-Soto J. | Zendy; Manzaneque M. | Zendy; González-García V. | Zendy; Galache-Laza T. | Zendy

Open Access

A Study of the Moderating Influence of R&D Intensity on the Family Management-Firm Performance Relationship: Evidence from Spanish Private Manufacturing Firms

Author(s) -

Diéguez-Soto J.,

Manzaneque M.,

González-García V.,

Galache-Laza T.

Publication year - 2019

Publication title -

business research quarterly

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.995

H-Index - 26

eISSN - 2340-9444

pISSN - 2340-9436

DOI - 10.1016/j.brq.2018.08.007

Subject(s) - moderation , r&d intensity , business , investment (military) , intensity (physics) , industrial organization , business administration , marketing , management , economics , psychology , social psychology , physics , quantum mechanics , politics , political science , law

This study investigates the moderating influence of R&D intensity on the relationships between family management and firm performance in private firms. The results confirm that R&D intensity reinforces the negative effect of family management on firm performance. More specifically, we obtain that R&D intensity is a statistically significant moderator for those firms having large levels of R&D investment relative to one's industry peers. Likewise, we find that only when taking into account the total effect of R&D, including internal and external R&D, does its interaction with family management has a detrimental effect on firm performance.

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