内部培养还是外部培养:家族企业继任者培养模式与家族企业创新投资

Internal or External Cultivation: Successor Cultivation Models in Family Enterprises and Innovative Investment in Family Enterprises

文章研究了差异化的家族企业继任者培养模式如何影响家族企业创新投资,以及两者之间的关系是否会依赖于家族传承冲突和家族所有权类型而发生变化。研究发现:相对于内部培养模式,家族企业继任者外部培养模式会削弱继任后的家族企业创新投资水平;两者之间的关系在家族传承冲突较高的家族企业中和多创始人控制型家族企业中更显著;时间推移会削弱家族企业继任者培养模式对家族企业创新投资的影响,继任3年后,外部培养模式对家族企业创新投资的消极影响显著下降。

The article investigates how differentiated succession cultivation models in family enterprises affect innovation investment in family enterprises, and whether the relationship between the two will change depending on family inheritance conflicts and types of family ownership. Research has found that compared to internal cultivation models, external cultivation models for family enterprise successors can weaken the innovation investment level of family enterprises after succession. The relationship between the two is more significant in family enterprises with higher family inheritance conflicts and in multi-founder controlled family enterprises. The passage of time will weaken the impact of succession cultivation models on family enterprise innovation investment. After three years of succession, the negative impact of external cultivation models on family enterprise innovation investment significantly decreases.