Research On The Influence Of Inheritance Mode On Technological Innovation Of Family Enterprise

In our country,family businesses play an important role in private enterprises.Due to some special historical reasons,these enterprises will have a peak of inter-generational inheritance.In the context of China’s supply side structural reform and industrial transformation and upgrading,family businesses should ensure that the choice of successors is beneficial to the enterprise in the process of inter-generational inheritance,which is conducive to maintaining the core competitiveness of the enterprise.At this time,it is necessary to introduce various indicators of technological innovation evaluation to evaluate the enterprise’s innovation ability,because the level of technological innovation investment reflects the level of enterprise’s innovation ability,and the enterprise’s innovation ability is the key to maintain its core competitiveness.Therefore,it is particularly necessary to deeply discuss the relationship between inter-generational inheritance and technological innovation.However,the current academic circles do not pay enough attention to the changes of enterprise technological innovation under the inter-generational inheritance,and lack of research on the relationship between inter-generational inheritance mode and technological innovation.First of all,this paper takes Zhejiang Yasha Decoration Co.,Ltd.and Shenzhen Guangtian Group Co.,Ltd.as the research objects,and makes a vertical comparison of the innovation input,innovation output and innovation mode of the two case enterprises,and obtains the changes of technology innovation before and after the inheritance of a single enterprise.Secondly,the governance structure,social capital and successor authority of the two cases are compared horizontally,and the different performance of these three elements under the two inheritance modes is obtained.Finally,three results are obtained based on the changes of technological innovation:first,constructing the legitimacy of successor authority can alleviate the inhibition of inter-generational inheritance on technological innovation investment;Second,the corporate governance structure affects the strategic transformation of technological innovation;Third,social capital can guarantee the output of technological innovation.Different from ordinary private enterprises,family enterprises have non economic value goals that non family enterprises do not have.Based on social emotional wealth theory(SEW),agency theory and resource-based theory,this paper,combined with the results of comparative analysis of two cases,reveals the role of family enterprise inter-generational inheritance in enterprise technology innovation.The conclusions are as follows: First,the inheritance of family business social capital from generation to generation is conducive to the improvement of innovation input and output;Second,the internal successors of extended SEW family will help to reduce the restraining effect of family enterprises on technological innovation investment.Finally,the direction of future research is pointed out.