Research On The Influence Of Family Involvement On Enterprise Innovation Performance

Chinese family businesses have become the backbone of private enterprises,but in 2018 Pricewaterhouse Coopers survey results of Chinese family businesses show that more than 70% of family businesses regard enhancing technological innovation capabilities as their core improvement Important difficulties in the process of competitiveness.At the same time,my country puts economic quality at first.All walks of life are improving R&D capabilities to improve product quality.Traditional family businesses urgently need to improve quality and efficiency through innovation and upgrade and stabilize their market position.Family involvement is an important variable reflecting the family’s control over the company and can determine various decisions related to the company’s technological innovation activities.Therefore,this article uses STATA and MATLAB mathematical statistics software,using a combination of empirical and case analysis methods to list my country Research on the impact of family involvement on innovation performance in family businesses,hoping to put forward relevant suggestions to promote the improvement of family business innovation performance.The empirical analysis selects listed family companies as the research object,takes2015-2018 as the research period,and selects Transchem Zhilian Co.,Ltd.as a typical case for the case analysis.The conclusions are as follows:(1)the increase of innovation performance will be restrained by the involvement of family ownership and management rights;(2)The rise of R&D investment will be encouraged by the involvement of family ownership and management rights;(3)according to the analysis,the industry growth rate has no significant moderating effect on the relationship between family ownership involvement and R&D investment,but it exists in the relationship between family management involvement and R&D investment;in the case company,there are two types of family involvement This positive regulation exists between R&D investment;(4)according to the analysis,the size of the firm has positive moderation between R&D and the involvement of family ownership and management rights,but it isn’t existent in the case company;(5)The increase of R&D investment will encourage innovation performance;(6)The degree of regional marketization has ability to make positive moderation in the relationship between R&D investment and innovation performance;(7)R&D investment plays intermediary role in the involvement of family ownership and innovation performance,but it does not exist in another relationship.Based on the above conclusion,this paper put forward the following countermeasures to help promote the innovation activities of family businesses: In terms of enterprises,family businesses need to reduce family ownership involvement and rationally allocate equity structures;the proportion of family managers in senior management should be appropriately reduced,and replaced by professional managers;seize opportunities in the industry and increase the business scope of the company;expand the scale of the company and develope the kinds of business;increase the investment in research and development funds,expand the source of funds,and promote the output of innovative results.On the government side,the establishment of key industry projects and fiscal and taxation support policies can reduce the negative impact of family involvement on R&D investment;reduce market intervention and increase the degree of marketization,thereby promoting the transformation of R&D investment into innovation performance.