家族企业接班者的政治关联、人力资本与跨代创业行为

Successors' Political Connections,Human Capital,and Trans-Generational Entrepreneurial Behavior of Family Firms

以我国上市家族企业为研究样本,实证研究了接班者政治关联对其跨代创业行为的影响,并进一步分析了接班者政治关联与其人力资本对跨代创业行为的交互作用。研究发现,接班者政治关联对跨代创业行为具有显著的正向影响,而父辈政治关联对跨代创业并无明显影响,家族企业的社会资本需要传承和更新;接班者政治关联对人力资本与跨代创业行为的关系具有显著的正向调节作用,即接班者政治关联对其人力资本的充分发挥具有"促进效应"。

Using a sample of Chinese listed family firms,this study empirically investigates the influence of successors＇ political connections on trans-generational entrepreneurial behavior,and further analyzes how successors＇ political connections and human capital interact on trans-generational entrepreneurial behavior.The main conclusions are as follows：Firstly,successors＇ political connections have a significant and positive impact on their trans-generational entrepreneurial behavior,while there is no significant relationship between predecessors＇ political connections and successors＇ trans-generational entrepreneurial behavior,and thus social capital needs to be passed on and updated in family firms.Secondly,successors＇ political connections can significantly moderate the relationship between human capital and trans-generational entrepreneurial behavior in a positive way,that is to say,successors＇ political connections can promote successors to take more advantage of their human capital to implement trans-generational entrepreneurship.