Abstract
This study examines the influence of family CEO and non-family CEO on innovation, and moderating role of internationalization on this relationship. We used sample of 2926 firm-year observations of non-financial firms listed on Pakistan Stock Exchange. To test the hypothesis, we applied the ordinary least squares regression method and further employed the generalized method of moments estimation and two stage least squares method to check for the robustness of the results. Our results imply that family CEOs positively influence the innovation, whereas presence of non-family CEOs is negatively associated with the innovation. Moreover, our findings indicate that internationalization strengthens/(weakens) the former/(later) relationship. Overall, our study adds to the family business literature and provides empirical support to socioemotional considerations in family firms in case of an emerging economy.