Effect of family director allocation on the investment efficiency of family enterprises
In response to the issue of the impact of family director allocation on the investment efficiency of family businesses,an empirical research method is adopted,using family businesses listed on the A-share market from 2014 to 2021 as research samples,to analyze the impact of board member allocation on the investment efficiency of enterprises.Research has shown that the higher the degree of excessive allocation of family directors,the less inefficient investment the enterprise has,and the higher the investment efficiency of the enterprise.The degree of excessive allocation of family directors,the less significant the impact on the investment efficiency of the enterprise.The higher the degree of separation between the two powers,the more excess allocation of family directors can reduce inefficient investment of enterprises,thereby improving the investment efficiency of the enterprise;Insufficient allocation of family directors will not significantly affect of enterprises investment efficiency.The research conclusion provides reference for strengthening family business management and improving investment efficiency of family businesses.
family enterprisesfamily director allocationinvestment efficiencyseparation of two rights
国家科技期刊平台
NSTL
万方数据
