家族涉入对企业研发强度的影响
发布时间：2019-03-29 09:15
【摘要】：伴随着改革开放的进程,民营企业成为了国民经济的重要组成部分,而家族治理是中国民营企业最主要的治理形式,我国家文化具有悠久的历史,家族与企业相结合产生了独特的非经济目标,而这种目标必然会对企业的经营目标、管理模式、行为等产生独特的影响。在中国经济转型的特殊时期,家族企业如何面对这样的严峻挑战,家族涉入对企业创新的影响成为了引人注目的焦点。有研究表明,影响企业创新能力最主要的因素是研发投入。目前国内外研究家族涉入与企业研发投入之间关系的理论很多,主流观点有三种:家族涉入与研发投入负相关、家族涉入与研发投入正相关、家族涉入与研发投入无显著线性关系。本文以社会情感财富为基础,通过研究家族涉入与企业研发投资行为的关系来探索家族涉入对企业创新能力的影响,并且考虑IPO这一重大事件对企业行为的影响,分别研究企业IPO当年及IPO后两年家族涉入对企业研发强度的影响,对比家族涉入对研发强度的影响发生的变化情况,分析企业上市时间长短对家族涉入与研发投入之间关系的动态作用机制。结果表明,家族涉入会对企业研发投入产生一定的影响。家族成员总持股比例与企业研发投入强度负相关,但IPO后这种消极影响减弱;董事会中家族成员占比与企业研发投入强度负相关,但IPO后这种影响变得不显著;高管团队家族成员占与企业研发投入强度负相关,IPO后这种影响增强;家族代数与企业研发投入强度负相关,IPO后这种影响增强;家族人数与企业研发投入强度负相关,IPO后这种影响显著性降低。本文主要由六部分组成:第一部分为绪论,提出研究问题并阐述研究意义和本文创新之处;第二部分,回顾国内外关于家族涉入与研发投入之间关系的理论研究;第三部分,阐述本文的理论基础相关研究假设;第四部分,说明本文的研究方法和研究设计;第五部分,实证研究结果分析;最后,对本文主要内容进行总结,简述本文研究的不足,并对外来研究方向进行展望。
[Abstract]:With the process of reform and opening up, private enterprises have become an important part of the national economy, and family governance is the most important form of governance of private enterprises in China, and our national culture has a long history. The combination of family and business has produced a unique non-economic objective, and this goal will inevitably have a unique impact on the business objective, management model, behavior and so on. In the special period of China's economic transformation, how to face such a severe challenge, family involvement in the impact of business innovation has become a noticeable focus. Some studies have shown that the most important factor affecting the innovation ability of enterprises is R & D investment. At present, there are many theories about the relationship between family involvement and enterprise R & D investment at home and abroad. There are three main views: family involvement and R & D investment are negatively related, and family involvement is positively related to R & D investment. There was no significant linear relationship between family involvement and R & D investment. Based on the social emotional wealth, this paper explores the influence of family involvement on enterprise innovation ability by studying the relationship between family involvement and enterprise R & D investment behavior, and also considers the impact of IPO, a major event, on enterprise behavior. The influence of family involvement on R & D intensity of enterprises in the year of IPO and two years after IPO was studied, and the changes of the impact of family involvement on R & D intensity were compared. This paper analyzes the dynamic mechanism of the relationship between family involvement and R & D investment. The results show that family involvement has a certain impact on R & D investment. The proportion of family members' total shareholding was negatively correlated with the intensity of R & D investment, but the negative impact was weakened after IPO, and the proportion of family members on board was negatively correlated with the intensity of R & D investment, but it became less significant after IPO. The family members of the executive team are negatively correlated with the intensity of R & D investment, which is enhanced after IPO, the family algebra is negatively correlated with the intensity of R & D investment, and the influence is enhanced after IPO. There was a negative correlation between the number of families and the intensity of R & D investment, which was significantly decreased after IPO. This paper mainly consists of six parts: the first part is the introduction, puts forward the research problems and expounds the significance of the research and the innovation of this paper; the second part reviews the relationship between family involvement and R & D investment at home and abroad; The third part describes the theoretical basis of this paper related research assumptions; the fourth part explains the research methods and research design; the fifth part the empirical research results analysis; Finally, the main contents of this paper are summarized, the shortcomings of this paper are briefly described, and the foreign research direction is prospected.
【学位授予单位】：南京大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F276.5;F832.51
，
本文编号：2449381
[Abstract]:With the process of reform and opening up, private enterprises have become an important part of the national economy, and family governance is the most important form of governance of private enterprises in China, and our national culture has a long history. The combination of family and business has produced a unique non-economic objective, and this goal will inevitably have a unique impact on the business objective, management model, behavior and so on. In the special period of China's economic transformation, how to face such a severe challenge, family involvement in the impact of business innovation has become a noticeable focus. Some studies have shown that the most important factor affecting the innovation ability of enterprises is R & D investment. At present, there are many theories about the relationship between family involvement and enterprise R & D investment at home and abroad. There are three main views: family involvement and R & D investment are negatively related, and family involvement is positively related to R & D investment. There was no significant linear relationship between family involvement and R & D investment. Based on the social emotional wealth, this paper explores the influence of family involvement on enterprise innovation ability by studying the relationship between family involvement and enterprise R & D investment behavior, and also considers the impact of IPO, a major event, on enterprise behavior. The influence of family involvement on R & D intensity of enterprises in the year of IPO and two years after IPO was studied, and the changes of the impact of family involvement on R & D intensity were compared. This paper analyzes the dynamic mechanism of the relationship between family involvement and R & D investment. The results show that family involvement has a certain impact on R & D investment. The proportion of family members' total shareholding was negatively correlated with the intensity of R & D investment, but the negative impact was weakened after IPO, and the proportion of family members on board was negatively correlated with the intensity of R & D investment, but it became less significant after IPO. The family members of the executive team are negatively correlated with the intensity of R & D investment, which is enhanced after IPO, the family algebra is negatively correlated with the intensity of R & D investment, and the influence is enhanced after IPO. There was a negative correlation between the number of families and the intensity of R & D investment, which was significantly decreased after IPO. This paper mainly consists of six parts: the first part is the introduction, puts forward the research problems and expounds the significance of the research and the innovation of this paper; the second part reviews the relationship between family involvement and R & D investment at home and abroad; The third part describes the theoretical basis of this paper related research assumptions; the fourth part explains the research methods and research design; the fifth part the empirical research results analysis; Finally, the main contents of this paper are summarized, the shortcomings of this paper are briefly described, and the foreign research direction is prospected.
【学位授予单位】：南京大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F276.5;F832.51
，
本文编号：2449381
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