团队稳定性与企业创新——来自中国家族上市公司的经验证据

Team Stability and Corporate Innovation——Empirical Evidence from Listed Family Firms in China

创新对于以"基业长青"为目标的家族企业意义重大。以2011-2015年中国上市家族企业作为样本,运用社会情感财富理论和企业行为理论,分析了团队稳定性与企业创新之间的关系,并探讨了期望差距与制度效率对两者关系的调节作用。结果表明:团队稳定性与企业创新之间呈正相关关系;期望落差对团队稳定性与企业创新之间的关系没有显著影响,而期望顺差会削弱团队稳定性与企业创新之间的正向关系;制度效率会削弱团队稳定性与企业创新之间的正向关系。进一步研究发现,家族涉入水平不会对团队稳定性与企业创新之间的关系产生显著影响。以团队作为切入点研究家族企业创新问题,不仅丰富了现有研究视角,还为家族企业开展创新活动提供了一定的理论依据。

Innovation has great significance to the family firms with the goal of"evergreen".Using the data from 2011 to 2015 of family firms in China,this paper focuses the relationship between team stability and corporate innovation,and the moderating effects of expectation gap and institutional efficiency based on social emotional wealth theory and corporate behavior theory.These results show that the correlation between team stability and corporate innovation is positive;the expected deficit has no significant influence on the relationship between team stability and corporate innovation and the expected surplus weakens the positive relationship between team stability and corporate innovation;institutional efficiency will weaken the positive relationship between team stability and corporate innovation.Furthermore,the level of family involvement does not have a significant impact on the relationship between team stability and corporate innovation.From the perspective of team,the paper studies the innovation problem of family firms,enriches the existing research perspective and has theoretical significance for family firms'innovation activities.