The DOI matches its Crossref record; 37 of the 37 references it cites were found in a registry or an index.
Risk abatement as a strategy for R&D investments in family firms
Abstract
The behavioral agency model suggests family firms invest less in R&D than nonfamily firms to protect their socioemotional wealth. Studies support this contention but do not explain how family firms make R&D investments. We hypothesize that when performance exceeds aspirations, family firms manage socioemotional and economic objectives by making exploitative R&D investments that lead to more reliable and less risky sales levels. However, performance below aspirations leads to exploratory R&D investments that result in potentially higher but less reliable sales levels. Using a risk abatement model, our analyses of 847 firms over 10 years supports our hypotheses . Copyright © 2013 John Wiley & Sons, Ltd.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Exploration and Exploitation in Organizational Learning
March, J. G. (1991) · Organization Science · doi:10.1287/orsc.2.1.71 · Cited by 21,942
Introductory Econometrics: A Modern Approach
Wooldridge, J. M. (1999) · Cited by 14,346
Corporate Ownership Around the World
La Porta, R., Lopez‐De‐Silanes, F., & Shleifer, A. (1999) · The Journal of Finance · doi:10.1111/0022-1082.00115 · Cited by 10,541
Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500
Anderson, R. C., & Reeb, D. M. (2003) · The Journal of Finance · doi:10.1111/1540-6261.00567 · Cited by 5,122
Gómez-Mejía, L. R., Haynes, K. T., Núñez-Nickel, M., Jacobson, K. J. L., & Moyano-Fuentes, J. (2007) · Administrative Science Quarterly · doi:10.2189/asqu.52.1.106 · Cited by 4,380
How do family ownership, control and management affect firm value?
Villalonga, B., & Amit, R. (2006) · Journal of Financial Economics · doi:10.1016/j.jfineco.2004.12.005 · Cited by 4,185
Threat Rigidity Effects in Organizational Behavior: A Multilevel Analysis
Staw, B. M., Sandelands, L. E., & Dutton, J. E. (1981) · Administrative Science Quarterly · doi:10.2307/2392337 · Cited by 3,629
Managerial Perspectives on Risk and Risk Taking
March, J. G., & Shapira, Z. (1987) · Management Science · doi:10.1287/mnsc.33.11.1404 · Cited by 3,183
Defining the Family Business by Behavior
Chua, J. H., Chrisman, J. J., & Sharma, P. (1999) · Entrepreneurship Theory and Practice · doi:10.1177/104225879902300402 · Cited by 2,933
Self-citationBerrone, P., Cruz, C., & Gomez-Mejia, L. R. (2012) · Family Business Review · doi:10.1177/0894486511435355 · Cited by 2,724
Cited by
Doing More with Less: Innovation Input and Output in Family Firms
Duran, P., Kammerlander, N., van Essen, M., & Zellweger, T. (2016) · Academy of Management Journal · doi:10.5465/amj.2014.0424 · Cited by 928
The Ability and Willingness Paradox in Family Firm Innovation
Chrisman, J. J., Chua, J. H., De Massis, A., Frattini, F., & Wright, M. (2015) · Journal of Product Innovation Management · doi:10.1111/jpim.12207 · Cited by 566
Self-citationInnovation in family firms: A systematic literature review and guidance for future research
Calabrò, A., Vecchiarini, M., Gast, J., Campopiano, G., De Massis, A., & Kraus, S. (2019) · International Journal of Management Reviews · doi:10.1111/ijmr.12192 · Cited by 495
Managerial Risk Taking: A Multitheoretical Review and Future Research Agenda
Hoskisson, R. E., Chirico, F., Zyung, J. (., & Gambeta, E. (2017) · Journal of Management · doi:10.1177/0149206316671583 · Cited by 441
The Impact of Family Ownership, Management, and Governance on Innovation
Matzler, K., Veider, V., Hautz, J., & Stadler, C. (2015) · Journal of Product Innovation Management · doi:10.1111/jpim.12202 · Cited by 306
Metadata
- Authors
- Patel, P. C., & Chrisman, J. J.
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 2013-05-10
- Volume
- 35
- Issue
- 4
- Pages
- 617-627
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- OpenAlex
- W1611662265
- Cited by
- 385
- References
- 37
- FWCI
- 36.91
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Risk abatement as a strategy for R&D investments in family firms. https://app.cochat.ai/papers/10.1002/smj.2119
- The paper
- Patel, P. C., & Chrisman, J. J. (2014). Risk abatement as a strategy for R&D investments in family firms. Strategic Management Journal. https://doi.org/10.1002/smj.2119
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
