家族涉入与上市公司创新行为关系研究——来自我国家族上市公司的经验数据

发布时间：2018-01-25 17:16

本文关键词： 家族企业领导权涉入所有权涉入创新行为　出处：《山东社会科学》2017年05期 　论文类型：期刊论文

【摘要】：在全球化竞争加剧、市场化转型日益深入的背景下,作为民营经济中坚力量的家族企业治理机制设计与治理效率越来越引起理论界的关注。通过对家族领导权涉入和所有权涉入两方面考察家族涉入情境对上市公司创新行为的影响,结果发现:第一,家族领导权涉入对上市公司创新行为有积极影响,即家族成员任职上市公司领导职位能强化公司创新行为;第二,家族所有权涉入与上市公司创新行为之间存在非线性相关关系,即随着家族所有权涉入的水平增加,创新行为呈现先下降再升高的U型变化;第三,家族领导权涉入与所有权涉入在影响决策团队激励契约的路径中存在交互效应,即与家族涉入领导权的上市公司相比,家族领导权未涉入情境下所有权涉入对上市公司创新行为的影响更强。
[Abstract]:In the context of the globalization competition intensified, the market-oriented transformation is deepening day by day. As the backbone of the private economy, the design and efficiency of the governance mechanism of the family business have attracted more and more attention of the theoretical circle. The study of the situation of the family involvement to the listed companies through the two aspects of the involvement of the family leadership and the involvement of the ownership. The impact of innovation. The results show that: first, the involvement of family leadership has a positive impact on the innovation behavior of listed companies, that is, the leadership positions of family members in listed companies can strengthen the innovation behavior of companies; Secondly, there is a nonlinear correlation between the family ownership involvement and the innovation behavior of listed companies, that is, with the increase of the level of the family ownership involvement, the innovation behavior shows a U-type change, which decreases first and then increases; Thirdly, there is an interactive effect between the involvement of family leadership and ownership in the path that affects the incentive contract of decision-making team, that is, compared with the listed company involved in the leadership of the family. The influence of ownership involvement on the innovation behavior of listed companies is stronger when the family leadership is not involved.
【作者单位】：山东大学管理学院;
【分类号】：F273.1;F276.5
【正文快照】： (1)David P,Hitt M A,Gimeno J.The influence of activism by institutional investors on RD[J].Academy of management Journal,2001,44(1):144-157.一、引言2016年5月,《国家创新驱动发展战略纲要》正式发布。《纲要》明确提出,到2020年进入创新型国家行列、到2030年跻身

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