父子共营影响企业创新投入的作用路径研究--基于血亲等级差别理论

The Impact of Father-son Co-ownership on the Innovation Input and Its Effect Path--Based on the Theory of Kinship Hierarchy Difference

不同的家族成员组合模式会对家族企业经济决策产生不同的影响。当前学者对家族成员参与管理对创新投入影响的研究得出了不同结论,其原因可能是忽视了家族成员内部成员组合的异质性。本文基于我国特殊文化背景下的血亲等级差别理论,选取核心家庭成员共同参与管理的家族企业为样本,通过开展稳健性检验以及内生性检验,研究了父子共营与创新投入之间的关系,发现:受特殊血亲等级差别的影响,父子共营会抑制企业创新投入;进一步研究发现,在父子共营的家族企业中,企业家偏向保守经营,进而会减少家族企业的创新投入;此外,政治关联会缓和父子共营对企业创新投入的抑制作用。本文明晰了父子共营对创新投入的影响以及作用路径,对我国当前家族企业管理具有一定的借鉴意义。

Different combinations of family members have different effects on the economic decisions of family enterprises.Scholars have reached different conclusions on the impact of family members′participation in management on innovation input,which may be due to the neglect of the heterogeneity of family members'composition.Under the special cultural background of China,family enterprises with core family members participating in the management are taken as samples based on kinship hierarchy difference theory,robustness test and endogenous test are conducted,and the relationship between father-son co-ownership and innovation input is studied.The results show that father-son co-ownership will inhibit the innovation input of enterprises due to the influence of the difference of kinship hierarchy.In addition,it also shows that in the father-son co-ownership family enterprises,the entrepreneurs tend to operate conservatively,which will reduce their innovation input.Finally,political association will moderate the inhibitory effect of father-son co-ownership enterprises on innovation input.This paper clarifies the impact of father-son co-ownership on the innovation input and its effect path,which has certain practical significance to current family enterprises management in China.