Organizational Slack,Family Involvement,and Technological Innovation Investment

Familial enterprises are a vital part of China’s private economy.How to s olve the problem of "small-fashioned" family business in China,and realize the long-term success of family business has become a topic of common concern between the academic community and the industry.Innovation is a key driver for forming competitive advantage,developing company performance,and prom oting long-term survival.The smooth implementation of technological innovatio n activities is inseparable from the support of enterprise resources.Organization al redundancy is an excess resource in a certain period of time,which can pro vide financial guarantee for enterprises to carry out innovation.In the family e nterprise,whether the redundant resources of the organization can exert its Pro moting the role of innovation and enhancing the innovation strength of family businesses is still an unsolved problem.Therefore,this paper starts from the re lationship between organizational redundancy and innovation input,and introduc es family involvement as a regulatory variable to examine the regulatory effect of family involvement on organizational redundancy and innovation input.This paper uses the 2013-2017 A-share listed family business balance pane l data as a sample,using Excel and Stata14.0 analysis software to test the fixe d-effect model of the family business and analyze the organizational redundanc y resources of the family business(unabsorbed organization)Redundant and ab sorbed organizational redundancy)The impact of innovation investment,and the introduction of family involvement(the degree of involvement of family owne rship and the degree of involvement of family management rights),research fa mily involvement in organizational redundant resources and innovation investme nt The role of regulation.The study found that both the unabsorbed organizational redundant resourc es and the absorbed organizational redundant resources have contributed to the innovation investment of the enterprise,and in the family business,the organiz ational redundancy has been absorbed compared with the unabsorbed organizati onal redundancy.The impact on innovation investment is strong.At the same t ime,the test of the adjustment effect found that the increase of the degree of family ownership and management rights will have an adverse effect on the promotion of unabsorbed organizational redundancy and absorbed organizational r edundancy on innovation,that is,the family involved in the negative regulation organization.The positive correlation between redundancy and innovation inpu t,in which the family management right is involved in the negative adjustment effect on unabsorbed organizational redundancy and innovation input is more significant.These conclusions have deepened the understanding of family innov ation activities,and reached new conclusions,providing some inspirations and s uggestions for family enterprises to allocate resources for innovation.