A STUDY OF THE INFLUENCE OF FAMILY MEMBERS’ PARTICIPATION ON ENTERPRISE INNOVATION IN FAMILY ENTERPRISES

บทคัดย่อ

Summarizing the research literature in the related fields of family business, enterprise innovation and family members' participation in enterprise management, combined with the development status of family business, with the help of principal-agent theory, housekeeper theory and Altruism Theory, this paper puts forward that family members' participation in enterprise management can inhibit innovation, and family members' participation in management in different industries can inhibit enterprise innovation The higher the proportion of family members of the board of directors, the greater the inhibition of enterprise innovation. The interface data of family business is collected from CSMAR database.

Through empirical research, the hypothesis is proved to be true, that is, the participation of family members in the management of the enterprise will inhibit the innovation of the enterprise, and the robustness of the conclusion is proved through industry division and the replacement of explanatory variables. The participation of family members in different industries will inhibit the innovation of the enterprise. At the same time, this paper uses the proportion of family members of the board of directors to replace the explanatory variable, the proportion of directors and supervisors, It is concluded that the higher the proportion of family members of the board of directors, the more obvious the inhibition of family business innovation. Finally, according to the results of the analysis, the corresponding reference suggestions are put forward.