Ownership concentration and product innovation in Chinese private SMEs

Deng, Ziliang, Hofman, Peter S. and Newman, Alexander 2013, Ownership concentration and product innovation in Chinese private SMEs, Asia Pacific journal of management, vol. 30, no. 3, pp. 717-734, doi: 10.1007/s10490-012-9301-0.

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Title Ownership concentration and product innovation in Chinese private SMEs
Author(s) Deng, Ziliang
Hofman, Peter S.
Newman, AlexanderORCID iD for Newman, Alexander orcid.org/0000-0003-1170-8947
Journal name Asia Pacific journal of management
Volume number 30
Issue number 3
Start page 717
End page 734
Total pages 18
Publisher Springer
Place of publication Ann Arbor, Mich
Publication date 2013-09-01
ISSN 0217-4561
Keyword(s) China
Family ownership
Private sector
Product innovation
Small and medium-sized enterprises
Summary Product innovation is extremely important to the growth, success, and ultimate survival of firms. Although its unique features in small and medium-sized enterprises (SMEs) have gained growing attention in the literature, there is limited knowledge as to how ownership concentration moderates the relationship between product innovation and its determinants. Based upon insights from agency and institutional theories, we examine the moderating effects of ownership concentration on the relationship between product innovation and its key determinants in Chinese SMEs, utilizing a large dataset of 43,728 Chinese firms over the period 2005-2006. We focus on examining the differences between single-owner SMEs, where there is dominant control of one family member, and multiple-owner SMEs, where principal-agent conflicts and principal-principal conflicts are more likely to occur. Our findings indicate that single-owned firms tend to convert research and development into product innovation more efficiently than firms with multiple owners, who are typically better at utilizing external sources of knowledge and human capital.
Language eng
DOI 10.1007/s10490-012-9301-0
Field of Research 150310 Organisation and Management Theory
1503 Business And Management
1505 Marketing
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2013, Springer
Persistent URL http://hdl.handle.net/10536/DRO/DU:30080394

Document type: Journal Article
Collections: Faculty of Business and Law
Department of Management
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