Abstract The target of socialemtional wealth(SEW) is the important features of family firms, the conflict that between the goals aboutsocialemtional wealth(SEW) of family firms and economic interests cannot be avoided. In this study, building on the theory of SEW, we analyzed the influences of family investments and information transparency on the R&D investments based on the data of 573 listed companies between the years of 2011 and 2015. The results show that: corporate information transparency can effectively alleviate the information asymmetry and the agency conflict, then promote the R&D investment. Family control has negitive effect on the R&D investment; Family control' negative role will weeken for personal motivation when the corporate information transparency is high. In the regions with high marketization and strong property rights protection ,the impact of corporate information transparency on the relationship between family control and the R&D investment is stronger.
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