摘要
在创新引领经济发展的时代背景下,家族企业作为企业组织形式中的一种特殊类型,需要良好的内部控制促进自身的发展。文章基于2019-2021年A股上市公司数据,实证检验内部控制质量对家族企业创新投入的影响及其机制。研究发现:第一,内部控制质量对家族企业创新投入具有正向影响。第二,机制分析表明,内部控制优化通过改变家族企业去家族化程度,进而影响其创新投入。第三,异质性分析表明,内部控制质量对家族企业创新投入的正向影响在第二产业、低杠杆水平、中小规模的企业中更为显著;此外,拓展性研究表明,家族企业内部控制质量对创新产出同样具有提高作用,且对家族企业的创新效率也有着显著的促进作用。
In the context of innovation-led economic development,family enterprises,as a special type of enterprise organization form,need good internal control to promote their own development.The paper empirically examines the impact of internal control quality on innovation investment of family enterprises and its mechanism based on data of A-share listed companies from 2019 to 2021.The study finds that,firstly,internal control quality has a positive impact on family firms'innovation investment.Second,mechanism analysis shows that internal control optimization affects family firms'innovation investment by changing the degree of de-familialization intervention in family firms.Third,the heterogeneity analysis shows that the positive effect of internal control quality on innovation investment in family firms is more significant in secondary industries,low leverage levels,and small and medium-sized firms;In addition,extensive research has shown that the quality of internal control in family businesses also has an improving effect on innovation output,and has a significant promoting effect on the innovation efficiency of family businesses.
作者
靳振忠
陈卓
魏冕
JIN Zhenzhong;CHEN Zhuo;WEI Mian(School of Government Audit,Nanjing Audit University,Nanjing,Jiangsu 211815;Faculty of Applied Economics,University of Chinese Academy of Social Sciences,Beijing 102488)
出处
《管理现代化》
北大核心
2024年第4期88-99,共12页
Modernization of Management
基金
国家自然科学基金青年项目(项目编号:72204116)
江苏省高校哲学社会科学研究一般项目(项目编号:2022SJYB0350)。
关键词
内部控制
创新投入
家族企业
去家族化
信息不对称
Internal control
Innovation investment
Family-owned companies
De-familialization
Information asymmetry
