摘要
基于2010~2020年中国沪深A股家族企业数据,构建并检验CEO权力对家族企业数字化转型的作用机制及作用情境。研究表明:CEO权力对家族企业数字化转型具有显著的正向影响;长期导向在CEO权力与家族企业数字化转型中具有部分中介作用;由家族成员出任CEO正向调节了CEO权力与企业长期导向的关系,也强化了长期导向在CEO权力与数字化转型关系中的中介作用。进一步分析发现:在代理问题不严重的情况下,长期导向机制对CEO权力和家族企业数字化转型的中介作用更为明显;企业生命周期分组检验也证明,CEO权力对家族企业数字化转型的促进作用在成熟期更显著。
Based on the data of Chinese Shanghai and Shenzhen A-share family firms from 2010 to 2020,this study theoretically constructs and tests the mechanisms and contexts of the role of CEO power in the digital transformation of family firms.The empirical study indicates that:CEO power has a significant positive impact on the digital transformation of family firms;long-term orientation plays a partially mediating role in the relationship between CEO power and digital transformation of family firms;having a family member as CEO positively moderates the relationship between CEO power and long-term orientation of firms,and also reinforces the mediating role of long-term orientation.Further analysis finds that the mediating effect of long-term orientation mechanism is more pronounced when the agency problem is not severe.The test of firm life-cycle grouping also adds further evidence that the facilitation effect of CEO power on digital transformation of family firms is more significant in the maturity period.
作者
张翠子
蒋峦
凌宇鹏
鲁竞夫
ZHANG Cuizi;JIANG Luan;LING Yupeng;LU Jingfu(South China Normal University,Guangzhou,China;Beijing Normal University,Zhuhai,Guangdong,China)
出处
《管理学报》
北大核心
2023年第3期339-348,共10页
Chinese Journal of Management
基金
福建省科技厅软科学研究资助项目(2020R0091)
广州市2020年度“十三五规划”课题资助项目(2020GZQN26)。
关键词
CEO权力
数字化转型
家族企业
长期导向
CEO来源
文本分析法
CEO power
digital transformation
family firm
long-term orientation
source of CEO
text analysis methods
