Business School, Hohai University, Nanjing, China.
Business School, Wuxi Taihu University, Wuxi, China.
PLoS One. 2021 Oct 8;16(10):e0258200. doi: 10.1371/journal.pone.0258200. eCollection 2021.
The diversified management ability of the non-family members in the top management teams (TMTs) can significantly increase the research and development (R&D) investment of the family firms. However, existing studies focus on family characteristics. To bridge the gap, this study explored the R&D investment propensity for family firms from the perspective of non-family members' participation in TMTs. Based on the upper echelons and the socioemotional wealth theory, this paper incorporated the non-economic goals that influence strategic decisions on family firms into the analytical framework. According to the questionnaire data of Chinese private enterprises, the Tobit regression model was used to analyze the influence of family members on R&D investment decisions under non-economic goal orientations. The results indicated that the preference for control and influence among family members weakens the positive effect of non-family managers on R&D investment, while the preferences for status perception and social responsibility strengthen the positive effect.
高管团队中非家族成员的多元化管理能力可以显著增加家族企业的研发投入。然而，现有研究主要关注家族特征。为了弥补这一差距，本研究从非家族成员参与高管团队的角度探讨了家族企业的研发投资倾向。基于高层梯队和社会情感财富理论，本文将影响家族企业战略决策的非经济目标纳入分析框架。根据中国私营企业的问卷调查数据，本文采用 Tobit 回归模型分析了非经济目标导向下家族成员对研发投资决策的影响。结果表明，家族成员对控制和影响的偏好削弱了非家族经理对研发投资的正向影响，而对地位感知和社会责任的偏好则增强了这种正向影响。
