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標題: | 社會資本對家族企業創新之影響 The Impact of Social Capital on Family Firm Innovation |
作者: | Chan-Li Lin 林展立 |
指導教授: | 胡星陽(Shing-Yang Hu) |
關鍵字: | 家族企業,社會資本,創新效率,社會情感財富,企業規模, Family Business,Social Capital,Innovative Efficiency,Socioemotional Wealth,Firm Size, |
出版年 : | 2020 |
學位: | 碩士 |
摘要: | 從隱形冠軍到跨國公司,家族企業雖然是世界上最為普遍,歷史最為悠久的企業組織型態,對全球經濟發展有著舉足輕重的影響,但其競爭優勢來源仍不明確,過去文獻對家族企業之經營績效表現也多有爭論。本研究以2001~2010年間,美國總資產排名前2000大之上市公司為樣本,並引入社會學及經濟學領域中有關社會資本的概念,以及研發支出和專利數量所建構之創新效率衡量變數,探討情感連結等社群網絡對家族企業創新能力之影響,欲了解家族企業在創新活動上是否具有社會情感財富效果。實證結果發現,在控制其他可能影響創新之變數,以及產業及時間等固定效果後,雖然家族企業具有長期創新效率優勢,但社會資本對創新的負面影響,並未因其是否為家族企業而有所差異,皆支持過去文獻中,社會資本對創新的弱連結觀點,也顯示家族企業的社會情感財富效果可能有其限制,且在利用工具變數法控制內生性問題後,原始結果仍然穩健存在。此外,本研究亦同時發現規模較大的家族企業喪失了創新效率優勢,顯示規模差異可能也是影響家族企業決策模式的重要因素之一。 From hidden champions to multinational corporations, family business is the most common and oldest model of economic organization in the world. Although family firms play an important role in global economy, the key competitive advantages are still unclear. There are several debates about the relationship between family ownership and firm performance in the past literature. By observing top 2000 listed companies in the United States from 2001 to 2010, the purpose of this paper is to examine the impact of social binding on the innovation of family firms, and find out whether the effect of socioemotional wealth exists. We introduce the concept of social capital in sociology as well as economics, and the measurement of innovative efficiency constructed by R D expenditures and the number of patents. The empirical results show that family firms perform better on long-term innovation after controlling for various variables and fixed effects. However, the negative effects of social capital on innovation are no difference between family and non-family firms, supporting the view of weak ties in social capital and the weaknesses of socioemotional wealth in the past literature. The results remain robust after adjusting for endogeneity issues by using instrumental variable. In addition, we also find that family firms lose their advantage of innovation when the size of the firm increases, showing that firm size may be a crucial factor in managing family firms. |
URI: | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/58861 |
DOI: | 10.6342/NTU202001408 |
全文授權: | 有償授權 |
顯示於系所單位: | 財務金融學系 |
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