The New Lyrics of the Old Folks: The Role of Family Ownership in Corporate Innovation

• Main Authors: HSU, Po-Hsuan, HUANG, Sterling, MASSA, Massimo, ZHANG, Hong
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2014
• Subjects: Family Firms; Innovation; Intangible Investment; Accounting; Entrepreneurial and Small Business Operations; Technology and Innovation
• Online Access: https://ink.library.smu.edu.sg/soa_research/1299; https://ink.library.smu.edu.sg/context/soa_research/article/2298/viewcontent/SSRN_id2487083.pdf
• Institution: Singapore Management University

According to conventional wisdom, family ownership, which signals a lack of social capital and trust in an economy, may impede innovation. This argument, however, fails to recognize that modern family firms can benefit from capitalist institutions that promote innovation. Using a comprehensive sampl...