The Ownership Concentration − Innovation Nexus: Evidence From SMEs Around The World
This study investigates whether ownership concentration improves or impedes firm innovation using a sample of small and medium-sized enterprises (SMEs) spanning 95 countries worldwide. We find that higher ownership concentration is associated with a lower likelihood of introducing innovative activit...
Đã lưu trong:
| Những tác giả chính: | , , |
|---|---|
| Định dạng: | Journal article |
| Ngôn ngữ: | English |
| Được phát hành: |
Taylor & Francis
2022
|
| Truy cập trực tuyến: | https://scholar.dlu.edu.vn/handle/123456789/764 |
| Các nhãn: |
Thêm thẻ
Không có thẻ, Là người đầu tiên thẻ bản ghi này!
|
| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
|---|
| id |
oai:scholar.dlu.edu.vn:123456789-764 |
|---|---|
| record_format |
dspace |
| spelling |
oai:scholar.dlu.edu.vn:123456789-7642023-11-15T07:24:59Z The Ownership Concentration − Innovation Nexus: Evidence From SMEs Around The World Nguyễn, Đức Nguyên Trần, Ngọc Quỳnh Như Trương, Quang Thái This study investigates whether ownership concentration improves or impedes firm innovation using a sample of small and medium-sized enterprises (SMEs) spanning 95 countries worldwide. We find that higher ownership concentration is associated with a lower likelihood of introducing innovative activities. Further, results reveal that concentrated ownership has detrimental impacts on innovation for firms with a higher degree of asymmetric information and firms led by less experienced managers. We also show that the negative association between ownership concentration and innovation only exists for financially constrained firms (i.e., younger enterprises and SMEs with high financing obstacles) and those with the highly concentrated ownership structure. Lastly, evidence suggests that institutional development alleviates the negative impact of ownership concentration on innovation. 2022-08-05T16:34:14Z 2022-08-05T16:34:14Z 2022 Journal article Bài báo đăng trên tạp chí thuộc ISI, bao gồm book chapter https://scholar.dlu.edu.vn/handle/123456789/764 10.1080/1540496X.2020.1870954 en Emerging Markets Finance and Trade Taylor & Francis |
| institution |
Thư viện Trường Đại học Đà Lạt |
| collection |
Thư viện số |
| language |
English |
| description |
This study investigates whether ownership concentration improves or impedes firm innovation using a sample of small and medium-sized enterprises (SMEs) spanning 95 countries worldwide. We find that higher ownership concentration is associated with a lower likelihood of introducing innovative activities. Further, results reveal that concentrated ownership has detrimental impacts on innovation for firms with a higher degree of asymmetric information and firms led by less experienced managers. We also show that the negative association between ownership concentration and innovation only exists for financially constrained firms (i.e., younger enterprises and SMEs with high financing obstacles) and those with the highly concentrated ownership structure. Lastly, evidence suggests that institutional development alleviates the negative impact of ownership concentration on innovation. |
| format |
Journal article |
| author |
Nguyễn, Đức Nguyên Trần, Ngọc Quỳnh Như Trương, Quang Thái |
| spellingShingle |
Nguyễn, Đức Nguyên Trần, Ngọc Quỳnh Như Trương, Quang Thái The Ownership Concentration − Innovation Nexus: Evidence From SMEs Around The World |
| author_facet |
Nguyễn, Đức Nguyên Trần, Ngọc Quỳnh Như Trương, Quang Thái |
| author_sort |
Nguyễn, Đức Nguyên |
| title |
The Ownership Concentration − Innovation Nexus: Evidence From SMEs Around The World |
| title_short |
The Ownership Concentration − Innovation Nexus: Evidence From SMEs Around The World |
| title_full |
The Ownership Concentration − Innovation Nexus: Evidence From SMEs Around The World |
| title_fullStr |
The Ownership Concentration − Innovation Nexus: Evidence From SMEs Around The World |
| title_full_unstemmed |
The Ownership Concentration − Innovation Nexus: Evidence From SMEs Around The World |
| title_sort |
ownership concentration − innovation nexus: evidence from smes around the world |
| publisher |
Taylor & Francis |
| publishDate |
2022 |
| url |
https://scholar.dlu.edu.vn/handle/123456789/764 |
| _version_ |
1783866437131042816 |