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Trade Secret Protection and R&D Investment of Family Firms
journal contributionposted on 2022-11-11, 16:31 authored by Katrin Hussinger, Wunnam Issah
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.
Author affiliationSchool of Business, University of Leicester
- AM (Accepted Manuscript)