Research On The Influence Of CEO Expected Tenure And Family Degree On The Input-Output Relationship Of Enterprise Innovation

Under the strong atmosphere of the country’s vigorous promotion of “innovation 、entrepreneurship and creation”,the company’s awareness of innovation has been continuously improved,and it has increasingly become a promoter and practitioner of innovation activities.Especially for high-tech private enterprises,innovation is an important driving force for its sustainable development,transformation and upgrading,and dealing with complex changes.Therefore,the problem of enterprise innovation has been extensively studied by scholars.However,based on the previous research results,we find that relevant research on innovation focuses on a single field of enterprise innovation inputs or outputs,ignoring the important role of efficient innovation inputoutput transformation relationship for the inexhaustible development of enterprises.In addition,there are still insufficient studies on which factors in the process of innovation input-output transformation will further form a profound role.Therefore,in order to deepen the research of enterprise innovation decision-making and ability,it is urgent to have a thorough understanding of the relevant influencing factors and different influence mechanisms of enterprise innovation input-output transformation process.As an important and special organizational form,the "family" of enterprises has far-reaching influence on the innovation and development of Chinese enterprises.Its organizational structure,governance ability and innovative behavior all show greater heterogeneity;at the same time,as the formulator and executor of technological innovation policy,the personal characteristics of senior executives represented by CEO have a significant impact on the management model and innovation level of enterprises.Therefore,this paper focuses on the effect mechanism of different contextual factors on the transformation process of enterprise innovation input and output,and further explains the promotion or inhibition of different contextual factors on the transformation relationship of enterprise input and output through comparative research,in order to better guide enterprise practice.Through empirical analysis of the sample data of 115 Chinese high-tech private enterprises from 2013 to 2016,the paper further obtains the following research conclusions:(1)there is a significant positive impact between innovation input and innovation output、radical innovation output、incremental innovation output;(2)higher degree of family will make the transformation efficiency of innovation input-output is lower,the transformation efficiency of innovation input and radical innovation output is also lower,and the degree of family is not significant for the moderating effect of enterprise innovation input and incremental innovation output.(3)CEO’s expected tenure has a positive moderating effect on enterprise innovation input and innovation output,radical innovation output,and incremental innovation output.Based on the above analysis and results,we summarize the following recommendations to guide business practices: First,actively absorb experienced management talents and enhance the ability to rationally allocate limited innovation resources.Second,improve the family business governance structure,reduce the degree of family on the basis of family control,appropriately “decentralization”,and seek the balance and coordination of internal and external human capital.Third,improve the company’s evaluation system,and establish a reasonable employment evaluation system and innovation performance evaluation indicators on the basis of fully examining the background characteristics of senior management.