期刊文献+

控制性股东与CEO的亲缘关系对企业技术创新能力的影响 被引量:2

The Influence of Kinship between CEO and Controlling Ownership on Technological Innovation
下载PDF
导出
摘要 CEO与控制性股东之间的亲缘关系对企业技术创新能力的培育有重要影响。基于2001-2005年的面板数据,以上市家族公司为样本,检验了上市公司CEO与控制性股东之间的亲缘关系与企业技术创新能力之间的相关性,以及规模和企业寿命的调节作用。实证结果表明:(1)上市公司CEO与控制性股东之间的亲缘关系可以促进企业技术创新能力的提升,而缺少亲缘关系则对企业技术创新能力的提升有阻碍作用;(2)亲缘关系与技术创新能力之间的关系受资产规模与企业寿命的影响,即企业资产规模越大,发展越成熟,亲缘关系对技术创新能力的贡献越弱。 The kinship between CEO and the controlling owner can have an effect on corporate innovative competence. Based on the panel data from Chinese listed family owned finns, this paper finds out that: first, the kinship between CEO and controlling owner has a positive effect on corporate innovative competence. That is, when the CEO is a family member or has a kinship with the controlling owner, the firm' s innovative competence is better; and when CEO is not a family member, the firm' s innovative competence is lower; second, both the size and life of the firm have negative moderating effects on the relationship between kinship and firm innovative competence, that is, it is better to stress the kinship between CEO and controlling owner in order to improve corporate innovative competence when the size of the finn is smaller and the life of the finn is shorter; family CEO is important for the firm, otherwise, nonfamily CEO is better for improving corporate innovative competence.
作者 李婧 贺小刚
出处 《科技管理研究》 北大核心 2011年第8期148-155,共8页 Science and Technology Management Research
基金 国家自然科学基金项目"家族权威与私营企业成长机制研究"(70872065) 上海财经大学第四批研究生科研创新基金资助项目"家族企业的权力配置 创新能力与企业绩效关系研究"(CXJJ-2009-317)
关键词 控制性股东 CEO 亲缘关系 技术创新 controlling owner CEO kinship technological innovation
  • 相关文献

参考文献15

  • 1DANIEL L, MCCONAUGHY G, MICHAEL PHILLIPS. Foundersversus Descendants: The Profitability, Ettciency, Growth ClLaracter- istics and Financing in Large, Public, Founding - Family - Con- trolled Firms [ J ]. Family Business Review, 1999, 12 ( 2 ) : 123 -131.
  • 2MORCK R, YEUNG B, YU W. The information content of stcck mar-kets: why do emerging markets have synchronous price movements? [J]. Journal of Financial Economics, 2000 (58) : 215 - 260.
  • 3RUDIGER FAHLENBRACH. Founder- CEOs, Investmen Decision-sm, and Stock Market Performance [ C ]. Fiber College of Busines Working Paper Series, 2007.
  • 4HAROLD DEMSETZ, KENNETH LEHN. The structure of corporate ownership: Causes and consequences [J]. Journal of Politictd Econ- omy, 1985 (93): 1155 - 1177.
  • 5CLARK L H, MALABRE A L. Slow Rise in Outlays for Research Im- perils U. S. Competitive Edge IN]. Wall Street Journal, 1988- 11-16 (AI AS).
  • 6BARRY B, RITA D K, THOMAS A T. Effects of Board Structure on Corporate R&D Strategy [ J]. The Academy of Management Journal, 1991 (34) : 205 -214.
  • 7ALCHIAN A, DEMsETZ H. Production, Information Costs, and E- conomic Organization [ J ]. American Economic Review, 1972 (62) : 777 - 795.
  • 8刘峰,贺建刚,魏明海.控制权、业绩与利益输送——基于五粮液的案例研究[J].管理世界,2004,20(8):102-110. 被引量:321
  • 9DAVIS J H, SCHOORMAN F D, DONALDSON L. Toward a Stew- ardship Theory of Management [ J ]. Academy of Management Re- view, 1997 (22): 20-47.
  • 10FAMA E F, JENSEN M C. Separation of Ownership and Control [J]. Journal of Law and Economics, 1983 (26) : 301 -25.

二级参考文献51

  • 1李新春,苏琦,董文卓.公司治理与企业家精神[J].经济研究,2006,41(2):57-68. 被引量:128
  • 2王明琳,周生春.控制性家族类型、双重三层委托代理问题与企业价值[J].管理世界,2006,22(8):83-93. 被引量:157
  • 3何梦笔.网络、文化与华人社会经济行为方式[M].太原:山西经济出版社,1996..
  • 4罗素·W 库珀.协调博弈--互补性与宏观经济学[M].中国人民大学,2001..
  • 5Fukuyama F 弗朗西斯·福山.信任--社会美德与创造经济繁荣[M].海南出版社,2001..
  • 6Redding ,S.B.海外华人企业家的管理思想--文化背景与网络(第1版)[M].生活·读书·新知三联书店上海分店出版,1993..
  • 7小艾尔弗雷德·钱德勒.看得见的手--美国企业的管理革命[M].商务印书馆,1997..
  • 8Holland, P. G., and Bouhon, W. R., 1984, "Balancing the Family and the Business in Family Business", Business Horizons, 27 (2), PP16-21.
  • 9Jain, B.A., and Kini, O., 2000, " Does the Presence of Venture Capitalist Improve the Survival Profile of IPO Firms? ", Journal of Business Finance and Accounting, 27, PP1139-1176.
  • 10西蒙,2002.《西蒙选集》,中译本,首都经济贸易大学出版社.

共引文献791

同被引文献67

引证文献2

二级引证文献116

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部