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The Influence Of Family Involvement On R&D

Posted on:2018-08-17Degree:MasterType:Thesis
Country:ChinaCandidate:S YuFull Text:PDF
GTID:2359330515484258Subject:Applied statistics
Abstract/Summary:PDF Full Text Request
Along with the process of reform and opening up,private enterprises have become an important part of the national economy,and family governance is the main governance form of Chinese private enterprises.Chinese family culture has a long history,and the combination of family and enterprise has produced unique non-economic goals,which will have a unique influence on the management goal,management mode and behavior of enterprises.In the special period of China's economic transformation,how to face the severe challenge of family business and the influence of family involvement on enterprise innovation have become the focus of attention.Studies have shown that the most important factor affecting the innovation ability of enterprises is R&D investment.At present,there are many theories about family involvement and the relationship between enterprise R&D investment in the world.They can be divided into three main kinds:family involvement is negatively related to R&D investment,family involvement is positively related to R&D investment and no significant linear relationship between family involvement and R&D investment.Based on the social emotional wealth,this paper will research the relationship between family involvement with corporate R&D investment behavior and explore the effect of family involvement on enterprise innovation ability,also consider the impact of companies listing on this relationship.So this paper will research this relationship both on the year of IPO and two years after IPO separately.Then contrast and find the change of this relationship in order to analysis the dynamic mechanism of IPO on the relationship between family involvement and R&D investment.The results show that family involvement has a certain impact on R&D investment.The total shareholding ratio of family members is negatively related to the intensity of R&D investment,but IPO can weaken this negative impact.The rate of family director to directorate has a negative correlation with corporate R&D investment intensity,but the effects become not significant in the two years after listing.The proportion of family members in executive team is also negatively related to the intensity of R&D investment,and the effect has been enhanced in the two years after listing.There's negative correlation between family algebra and R&D investment,and the effect has been also enhanced in the two years after listing.Family number is negatively related to R&D investment,this effect decreased significantly in the two years after listing.This paper consists of six parts:The first part,researching questions and explaining the significance and innovation of this paper.The second part,the theoretical review researches on the relationship between family involvement and investment in research and development.The third part,set forth the theoretical basis of this paper and related research hypotheses.The fourth part,explain research methods and research design in this paper.The fifth part,analysis the results of empirical research.Finally,summarize the main content,describe the shortcomings of this article and look forward to future research directions.
Keywords/Search Tags:Family business, Family involvement, Social-emotional wealth, IPO, R&D
PDF Full Text Request
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