二代继任方式、家族权威与家族企业创新投入

Second Generation Succession,Family Authority and Family Enterprise Innovation Investment

代际传承背景下家族企业创新投入是家族企业治理研究领域的重要问题。分析和检验了差异化二代继任方式如何影响家族企业创新投资水平,以及二者关系是否会依赖于家族权威差异而发生变化。研究结果发现:与渐进型二代继任相比,激进型二代继任会削减家族企业创新投入;二代继任方式与家族企业创新投入关系受到家族权威的影响。在家族成员权威和非家族创业元老权威较重的企业,激进型继任者对家族企业创新投入的削弱效应更显著。进一步研究发现,二代继任3年后,激进型继任者对家族企业创新投入的负面影响显著下降,且其削弱效应在规模较大企业以及创立时间较长的企业中更显著。

The innovation and investment of family business under the background of intergenerational inheritance is an important issue in the field of family business governance.This study analyzes and examines how differentiated succession affects the innovation input of family firms,and whether the relationship between the two will change depending on differences in family authority.It is found that,compared with the gradual succession of the second generation,the radical succession of the second generation will weaken the innovation investment of family enterprises.This relationship will be affected by the family authority.In enterprises where the authority of family members and the authority of non-family venture elders are heavy,aggressive succession has a more significant weakening effect on the innovation investment of family enterprises.With the increase of succession time,the successor will gradually build up individual authority,and then the influence of the successor individual authority demand caused by the difference of succession mode on the innovation investment of family enterprises is weakened.Three years after the second generation of succession,the negative impact of aggressive succession on innovation investment in family businesses is significantly reduced.The weakening effect of radical succession on innovation investment is more obvious in the larger enterprises and the enterprises with longer operation time.