"去家族化"如何影响创新投入?——党组织与信息透明度的调节效应
How Does"De-familization"Affect Innovation Investment?——The Moderating Effect of Party Organization and Information Transparency
刘云芬 1阿丽米热·吐尔逊 1王东红1
作者信息
- 1. 石河子大学经济与管理学院,新疆 石河子 832000
- 折叠
摘要
文章基于组织理论和社会情感财富理论视角,以2012-2019年我国A股上市家族企业为研究样本,对家族企业"去家族化"如何影响企业创新投入进行实证检验.结果表明,进行"去家族化"的家族企业更愿意增加创新投入,并且党组织和信息透明度都会正向调节"去家族化"与创新投入之间的关系,在通过稳健性和内生性检验后,该结论依然成立.进一步研究表明,"去家族化"通过减少关联交易,缓和家族企业内部代理冲突,进而增强企业的创新投入.论文的研究结论有助于家族企业更好地选择转型方式,并为深入研究"去家族化"和企业创新投入之间的机制奠定了基础.
Abstract
Based on the perspectives of organization theory and socio-emotional wealth theory,the article empirically examines how"de-familization"of family firms affects corporate innovation investment,using A-share listed family firms in China from 2012 to 2019 as a research sample.The results show that family firms that have"de-familized"are more willing to increase their innova-tion investment,and that both party organization and information transparency positively moderate the relationship between"de-fa-milization"and innovation investment,and the findings remain valid after robustness and endogeneity tests.Further study shows that"de-familization"enhances firms'innovation investment by reducing connected transaction and mitigating agency conflicts within family firms.The findings of the paper help family firms to better choose their transformation methods and provide a basis for further research on the mechanism between"de-familying"and firms'innovation investment.
关键词
去家族化/创新投入/党组织/信息透明度Key words
de-familization/innovation input/party organization/information transparency引用本文复制引用
基金项目
石河子大学2020年自主资助科研项目(ZZZC202043A)
出版年
2024
NETL
NSTL
万方数据