receives legal protection, is associated with a reduction of family firms' research and development (R&D) investment. This … discourages their R&D investment. This finding deserves our attention because family firms account for a large share of the U … suggests that early disclosure of patent applications is perceived as a threat to family firms' innovation activity and …

We analyze how intermittent large expenditures on family ceremonies may affect an entrepreneur's investment decision in … investment, controlling for both enterprise- and family-related variables. … an informal enterprise. Our hypothesis is that the barrier between family and enterprise is thin and permeable. We test …

traditional investment self-financing, while no clear statistical evidence is found in the R&D case. Credit rationing is not …