The Ways of Family Involvement in Management Affecting Corporate Technological Innovation: Evidences from the Pearl River Delta

XIE Xin-yan

Volume 34 Issue 6

May 2021

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2019 > 34(6): 76-86

XIE Xin-yan. The Ways of Family Involvement in Management Affecting Corporate Technological Innovation: Evidences from the Pearl River Delta[J]. Journal of Guangdong University of Finance & Economics, 2019, 34(6): 76-86.

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XIE Xin-yan. The Ways of Family Involvement in Management Affecting Corporate Technological Innovation: Evidences from the Pearl River Delta[J]. Journal of Guangdong University of Finance & Economics, 2019, 34(6): 76-86.

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The Ways of Family Involvement in Management Affecting Corporate Technological Innovation: Evidences from the Pearl River Delta

XIE Xin-yan

School of Humanities and Communication, Guangdong University of Finance & Economics, Guangzhou 510320, China

Received Date: 2019-08-31
Available Online: 2021-05-27
Publish Date: 2021-05-27

Abstract

Abstract

The present literatures regard family involvement in management as a motive force of enterprise technological innovation, but there are many divergences in influence mechanism. The explanations from Agency Theory and Stewardship Theory are the reduction of agency cost and the promotion of adventure respectively, while the expectation to continue the enterprise life as a positive impact on enterprise innovation is the explanation from Socio-emotional Wealth Theory. From the perspective of Resource-based View(RBV), taking R & D department, technology import, and brand as intervening variables, this paper makes an empirical study on the relationship between family management and enterprise technological innovation through analyzing the data of private enterprises from 4 mainland cities in Guangdong-Hong Kong-Macao Greater Bay Area. The results indicate that family enterprises have a higher motivation toward bearing the risks brought by the establishment of R & D department, toward the introduction of external technology and brand establishment to meet the pursuit of sustainable development, all of which have improved the level of technological innovation, while brand factors play a more important role.
- family involvement in management,
- family enterprise,
- enterprise technological innovation,
- enterprise resources,
- enterprise R & D,
- external technology,
- independent brand

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References(37)

References

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