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研究生: 陳宣佑
Chen, Xuan-You
論文名稱: 中國家族企業接班與研發投資行為之探究
Exploring The Succession in Chinese Family Business and Research and Development Investment
指導教授: 陳慧玲
Chen, Huei-Ling
學位類別: 碩士
Master
系所名稱: 全球經營與策略研究所
Graduate Institute of Global Business and Strategy
論文出版年: 2018
畢業學年度: 106
語文別: 中文
論文頁數: 61
中文關鍵詞: 家族企業研發投資創辦人接班
英文關鍵詞: Family firms, R&D investment, founder, succession
DOI URL: http://doi.org/10.6345/THE.NTNU.GGBS.004.2018.F08
論文種類: 學術論文
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  • 相較於非家族企業,家族企業型II代理問題較為嚴重,因而影響家族企業的研發投資行為。本研究旨在檢視家族企業與非家族企業研究發展投資是否有所差異。此外,本研究檢視創始人是否擔任董事長與子女是否已接班對家族企業的研究發展投資之影響。本研究以2010-2015年中國上市企業為樣本,實證結果顯示,相較於家族企業,非家族企業具有較高的研發投資。相較於創始人未擔任董事長之家族企業,創始人擔任董事長之家族企業具有較高的研發投資。根據分年結果,子女有否接班對研發投資並無顯著影響。然合併年度結果顯示,相較於子女已接班之家族企業,子女未接班之家族企業具有較高的研發投資。

    Compared to non-family firms, family firms have more serious type II agent problem. Thus, agency problems may affect family firms’ R&D investment decisions. The objective of this study is to examine whether the R&D investment is different between family firms and non-family firms. In addition, this study investigates whether the founder serving as the chairman and the succession affect the magnitude of R&D investment.
    The sample firms are Chinese listed firms from 2010 to 2015. The empirical results show that compared with the family firms, non-family firms have more R&D investment. Compared to family firms whose founders serve as the chairman, family firms whose do not serve as the chairman have more R&D investment. According to the annual results, the succession of second generation has no significant impact on family firms’ R&D investment. However, the pooled results show that compared to family firms which second generation has succeeded, the family firms which do not succeed have more R&D investment.

    目錄 第一章 緒論 1 第一節、 研究動機 1 第二節、 研究目的 3 第三節、 研究架構 3 第四節、 研究貢獻 5 第二章、 文獻回顧 6 第一節、 家族企業相關文獻 6 第二節、 家族企業與研究發展費用 8 第三節、 中國家族企業之現況及其相關研究 9 第三章、 研究設計 12 第一節、 研究假說 12 第二節、 變數定義 14 第三節、 實證模型 16 第四節、 樣本選取及資料來源 18 第四章、 實證結果及分析 19 第一節 描述性統計 19 第二節 單變量統計結果 34 第三節 多變量統計結果 41 第四節 敏感性分析 47 第五章、 結論與建議 57 第一節、 研究結論 57 第二節 研究建議 58 參考文獻 59

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