Year: 2022
Type: article
Abstract: Family firms are known for their reluctance to invest in R&D. We show that strengthened trade secret protection is associated with higher R&D investment by family firms. More specifically, we show that the association between the strength of trade secret protection through the U.S. Uniform Trade Secrets Act and R&D investment is positively moderated by family control. Our results further show that the positive moderation of family control on the association between the strength of trade secret protection and R&D investment varies with the industry context, being stronger in high-tech industries and weaker in discrete product industries.
Source: Family Business Review
Authors: Katrin Hussinger, Wunnam Issah
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W4297995085