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Internationalization of family business and innovation investment: An executive incentive-based perspective

Author

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  • Bian, Jingjing
  • Li, Pengyang
  • Ren, Fengjiao
  • Li, Wen

Abstract

We selected a sample of listed family business in China from 2017 to 2022 to explore the relationship between the internationalized operations of family businesses and corporate innovation investment. It is found that the internationalized operation of family businesses has a positive impact on innovation investment; executive compensation incentives and executive equity incentives positively regulate the impact of the internationalized operation on innovation investment of family businesses.

Suggested Citation

  • Bian, Jingjing & Li, Pengyang & Ren, Fengjiao & Li, Wen, 2024. "Internationalization of family business and innovation investment: An executive incentive-based perspective," Finance Research Letters, Elsevier, vol. 63(C).
    • Handle: RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324003787
    DOI: 10.1016/j.frl.2024.105348
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    References listed on IDEAS

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    Cited by:

    1. Hu, Chun & He, Haoyang & Wang, Fei & SHIN, YEON-SOO, 2025. "Management equity incentives, market dynamics, and corporate R&D investment," Finance Research Letters, Elsevier, vol. 76(C).
    2. Xu, Jing & Wu, Xianming & Bu, Xuelin, 2025. "Nonlinear effects of firm internationalization on the maturity mismatch: Evidence from China," Finance Research Letters, Elsevier, vol. 85(PA).
    3. Zhao, Yali & Zhou, Ran & Pang, Liyuan, 2025. "Impact of family business identity on green innovation: The moderating role of family culture," International Review of Financial Analysis, Elsevier, vol. 104(PA).
    4. Li, Huxing & Cai, Cen & Ge, Ji & Guo, Jingyi, 2024. "Board internationalization, market competition, and corporate digital transformation," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    5. Cao, Mengqi & Li, Yandong & Chen, Liang, 2025. "Can advantageous supply chain cost-sharing capability accelerate enterprises' internationalization?," Finance Research Letters, Elsevier, vol. 85(PE).

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