摘要
以2015—2018年A股上市家族企业数据为样本,构建代际传承与创新绩效关系模型,并进一步探究研发投入的中介作用。结果表明:代际传承能显著地提升家族企业的创新绩效;而研发投入能在其中起到部分中介作用,即代际传承可以通过研发投入间接对家族企业的创新绩效产生影响。建议家族企业不仅要重视代际传承的双重影响以提高创新绩效,还应合理加大研发投入力度以增强创新能力,实现长远发展。
Taking the data of A-share listed family enterprises from 2015 to 2018 as samples, this paper constructs the relationship model between intergenerational inheritance and innovation performance, and further explores the intermediary role of R&D investment. The results show that intergenerational inheritance can significantly improve the innovation performance of family businesses. R&D investment can play a partial intermediary role which means intergenerational inheritance indirectly influences the innovation performance of family enterprises through R&D investment. Therefore, it is suggested that family enterprises should not only pay attention to the dual influence of intergenerational inheritance to improve their innovation performance but also reasonably increase investment in R&D to enhance innovation and achieve long-term development.
作者
肖斌
卿松
XIAO Bin;QING Song(Finance and Economics College,Jimei University,Xiamen 361021,China)
出处
《福建商学院学报》
2021年第5期22-28,共7页
Journal of Fujian Business University
关键词
家族企业
代际传承
创新绩效
研发投入
family businesses
intergenerational inheritance
innovation performance
R&D investment
作者简介
肖斌(1998-),男,江西宜春人,硕士研究生,研究方向:公司财务管理;卿松(1971-),男,重庆垫江人,教授,博士,研究方向:公司财务管理。
