家族控制权强度对企业科技创新行为影响研究  

Impact of family control intensity on technological innovation behavior of firms

作　　者：许永斌[1] 万源星 谢会丽 Xu Yongbin;Wan Yuanxing;Xie Huili(School of Accounting,Zhejiang Gongshang University,Hangzhou 310018,Zhejiang,China)

机构地区：[1]浙江工商大学财务与会计学院,浙江杭州310018

出　　处：《科研管理》2020年第6期29-36,共8页Science Research Management

基　　金：国家社会科学基金重点项目:“中国家族企业代际传承的财务安排研究”(14AGL009,2014.06-2017.12)。

摘　　要：本文基于2007-2016年中国家族企业的科技创新数据,利用多项logit模型和固定效应模型,从研发投入和成果应用两阶段这一新视角,研究了家族管理权强度、所有权强度对企业科技创新行为的影响。研究发现:在研发投入阶段,不同控制权强度抑制资本投入;在成果应用阶段,不同控制权强度促进成果应用效益;相对于所有权强度,家族管理权强度对企业科技创新影响更强。本文认为,政府应重点加强研发投入方面的政策支持。Chinese family firms lack incentives to innovate.According to data published in the China family business health index report of 2016,among the 39.9%of firms that disclose R&D data,only 37%had a proportion of R&D investment greater than 5%.As one of the important factors either stimulating or restraining technological innovation,family control intensity includes ownership and management,which affects the orientation and management resource of innovation respectively.Therefore,it is significance to study how family control intensity impacts technological innovation within Chinese family firms with highly concentrated ownership and management.However,only a few scholars have studied the impact of family control intensity on activities related to the technological innovation of firms,and the conclusions are controversial.From the perspective of ownership intensity,Donckels et al.(1991)believed that family firms were reluctant to engage in technological innovation because of the high concentration of equity,which made it difficult to disperse investment risks.Donckels’conclusion was proved empirically by Munari et al.(2010).However,Sharma et al.(2005)believed that family businesses have a longer-term vision and tend to pursue more innovative investment strategies.From the perspective of management intensity,Massis et al.(2013)believed that the professional ability of family managers was limited and therefore not conducive to technological innovation.However,Yan et al.(2014)found that the convergence of interests between family managers and owners can alleviate agency problems,improve management resource constraints,and promote technological innovation within firms.This paper postulates the previous controversy was due to the different risks at different stages of technological innovation.Before the R&D achievements are obtained,Chinese family firms,which generally have a small business volume,are unable to withstand the short-term losses caused by continuous investment,resulting in a higher level of risk being asso

关 键 词：家族企业 控制权强度 科技创新 研发投入 成果应用 

分 类 号：F276.5[经济管理—企业管理]