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以2011—2014年376家中国制造业家族上市公司为有效研究样本,运用SPSS 18.0统计软件实证检验了股权集中度、高管性质对研发投入的影响以及高管性质在股权集中度对研发投入影响上的调节作用。结果显示:家族企业股权集中度的提高会降低研发投入;家族企业的董事长或CEO由该家族成员担任时可以增加研发投入;家族企业的董事长或CEO由家族成员担任时可以减小股权集中度对研发投入的负向影响。
Taking 376 Chinese manufacturing family listed companies as the effective research samples in 2011-2014, SPSS 18.0 statistical software was used to empirically test the impact of ownership concentration on the R & D investment and the impact of senior management on R & D investment On the regulatory role. The results show that the increase of ownership concentration of family-owned enterprises will reduce the investment in research and development. The increase of R & D investment by family members when the chairman or CEO of the family-owned enterprises is the family member. The concentration of ownership by the family members when the chairman or CEO of family- Degree of negative impact on R & D investment.