代际传承与家族企业创新——基于社会情感财富理论的研究

Transgenerational Succession and Innovation of Family Firms A Research Based on the Theory of Socioemotional Wealth

我国家族企业陆续进入代际传承高峰,在国家实施创新驱动战略的背景下,应对传承和创新的双重考验已成为当前家族企业发展的重要议题。受社会情感财富影响,处于代际传承中的家族企业往往表现出较低的企业创新水平,这对家族企业的发展构成了阻碍,而风险承担水平在此间起到了中介机制的作用。进一步的调节效应分析表明,社会责任承担弱化了代际传承对家族企业风险承担水平的影响,也弱化了风险承担水平在代际传承与家族企业创新关系中的中介效应;家族涉入强化了代际传承对家族企业风险承担水平的影响,也强化了风险承担水平在代际传承与家族企业创新关系中的中介效应。

Family firms in China have gradually entered the peak of intergenerational succession.Under the background of the national innovation-driven strategy,it has become an important issue for family firms to deal with the double tests of inheritance and innovation.Affected by social emotional wealth,family firms in transgenerational succession often show a low level of innovation,which constitutes an obstacle to their development,and the risk-bearing level plays an intermediary role in this process.Further analysis of the moderating effect shows that,corporate social responsibility undertaking weakens transgenerational succession's effect on their risk-bearing level,as well as the intermediary role of risk-bearing level between succession and innovation;while family involvement consolidates transgenerational succession's effect on their risk-bearing level,as well as the intermediary role of risk-bearing level between succession and innovation.