作　　者： ;

机构地区： 汕头大学

出　　处： 《外国经济与管理》 2019年第3期126-140,共15页

摘　　要： 尽管围绕家族企业创新的研究已愈发深入,但对于传承背景下的家族企业创新研究结论则尚未清晰,鲜有研究思考创一代后继任者的身份差异对企业创新决策的影响。本文聚焦于家族企业继任CEO的来源差异,以合法性视角分别考察家族二代和职业经理人继任CEO后的创新投入决策,并进一步考察家族所有权类型的情境作用。基于2004-2015年526家上市家族企业的实证检验结果表明:(1)相对于一代创始人CEO,家族二代和职业经理人继任CEO均会降低企业的创新投入承诺。(2)多创始人控制的家族企业一定程度加剧了二代CEO合法性不足所导致的较低创新投入,而单一创始人控制家族企业反而会导致职业经理人CEO更低的创新投入。研究结论表明,在家族企业中,创业者、守业者与经理人不同的身份合法性造成了创新投入承诺的差异性。 The research on innovation in family firms has become more in-depth. However, the research conclusion of family firms’ innovation is not clear. Although existing studies have shown that inheritance is an important factor affecting innovation in family firms, the conclusions of incorporating inheritance into innovation research in family firms are still conflict. The contradiction of existing research has put forward higher requirements for exploring the innovation mechanism of family firms in the context of intergenerational inheritance. This paper focuses on the different sources of CEO successors in family firms. We hold the opinion that the identity difference of CEO successors in family firms is an important contingency factor influencing the firms’ innovation decision in the context of intergenerational inheritance. This paper tries to focus on the influence of CEO successors on the innovation input in family firms based on the perspective of the lack of legitimacy due to different sources of CEO successors in the succession period, and to explore the influence of the primary evaluator of legitimacy further, that is, to explore the difference in innovation input caused by the strategic difference between second-generation CEOs and professional manager CEOs seeking legitimacy in different types of family firms.Based on the empirical tests of 526 listed family firms from2004 to 2015, the results show that:(1) Compared with the first-generation of founder CEOs, the second-generation of family CEOs and professional manager CEOs would reduce innovation input.(2)On the one hand, the lower innovation input caused by the lack of legitimacy of second-generation CEOs has been exacerbated in the family firms controlled by multiple founders;on the other hand, the lower innovation input caused by the lack of legitimacy of professional manager CEOs has been exacerbated in the family firms controlled by the single founder. In the further analysis of the succession context, for second-generation CEOs, when first-generat

关 键 词： CEO继任 身份合法性 创新投入 家族企业 代际传承

分 类 号： [F270]

领　　域： []