The Moderating Effect Of Family Degree On The Innovation Efficiency

Innovation is one of the most important competitive advantages of enterprises,which is very important to the survival and development of enterprises.Family business is the main body of private economy in China.According to Forbes magazine of 2015,In the listed private enterprises,the proportion of family enterprises has also reached 49.7%,so the problems of family business innovation have been studied a lot.However,after reading a large number of literatures,we find that,on the one hand,most of the previous researches on family firm innovation have focused on the difference between family firm and non-family firm in innovation investment,and few researchers have explored the influence of family degree in the transformation of enterprise innovation input and output.On the other hand,there are many researches on family business innovation,but the results and conclusions are quite different Therefore,in order to better guide the practice of enterprises,we need to have a thorough understanding of family business innovation.Based on the data of 117 enterprises in China's high-tech industry from 2013 to 2016,the empirical results show that:first,the enterprise with the higher degree of family,the innovation output is lower when the innovation input is certain;Second,firms with a higher family degree have lower innovation output under certain conditions of innovation input.Finally,the empirical results of this study fail to prove that familydegree can increase the conversion rate between the innovative input and the incremental innovation output.According to the research results,we get some enlightenment.First of all,both family and non-family enterprises should attach importance to the development of R&D activities and increase investment in R&D funds and R&D personnel.Secondly,In addition to raising the base of R&D investment,enterprises should pay more attention to rational allocation of R&D investment.Enterprises should attach importance to the management talents who allocate resources,especially for the family firms with disadvantages in the labor market.Family business should reduce the family degree,introduce modern management system,carry out more extensive recruitment,attract excellent talents and implement professional manager system.In addition,in the high-tech industry,the competition is fierce,the technology renewal is quick,only depends on gradually Progressive innovation can not maintain the survival of enterprises,enterprises should pay more attention to radical innovation that plays a decisive role in the growth of enterprises.Finally,the application of family process to the new negative adjustment of high technology industry indicates that the industry with high family transformation may be more suitable for the industry with more stable technological change.