investment and family board involvement in family enterprises. Secondary data on listed Chinese family small- and medium … Chinese family SMEs. This study also found the moderating effect of family board involvement could inhibit the positive … relationship between CEO power and family SMEs' innovativeinvestment. Further, compared with hiring external professional managers …

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

unique dataset of family connections among individuals employed in strategic positions by the same firm. We address … endogeneity concerns by exploiting the heterogeneity in ancestries across U.S. counties to construct a measure of inherited family … values. We find that firms headquartered in counties where locals inherited strong family values exhibit more nepotism. Using …