非家族高管涉入如何影响企业创新投入？——基于冗余资源的调节作用

The Involvement of Non-family Top Managers and Innovation——Based on the Regulation Effect of the Organizational Slack

摘要:

文章以家族企业发展过程中的这一现实情形，基于家族企业治理的相关理论出发，引入冗余资源这一情境因素，来进一步分析非家族高管涉入对于企业创新投入的影响。通过对2008年-2020年家族上市企业的样本进行实证分析，发现：非家族高管的涉入增加了企业的研发投入强度；不同冗余资源对于企业的创新投入具有异质性的调节作用，未吸收冗余促进非家族高管涉入与企业的研发投入的正向关系，而已吸收冗余则会产生负的调节效应。

Abstract:

Based on the reality in the development process of family firm and the governance theory of family firm, this paper analyzes the impact of the involvement of non-family executives on the input of innovation by introducing organizational slack.After empirical analysis by using samples of family listed companies from 2008 to 2020, the results indicate that the involvement of non-family executives will reduce the R&D, And the different types of organizational slack has heterogeneous regulating effect on the innovation input, in which unabsorbed slack will strengthen the relationship between involvement of non-family executives with R&D while the absorbed slack has a negative regulating effect.