CAJ | 학술논문

本文以沪深A股上市IT家族和非家族企业为研究样本，以2009－2013年的面板数据为依据，就家族企业和非家族企业开放式创新、技术创新动态能力与经营绩效之间的关系进行对比研究。结果发现：相对而言，家族企业开放式创新对技术创新投入能力和产出能力的促进作用较弱，但对技术创新转化能力的支持作用较强；开放式创新有利于提升企业、特别是家族企业的市场绩效，但并不能实质性地提升企业的财务绩效；家族企业技术创新投入能力对经营绩效的促进作用强于非家族企业，但技术创新产出能力、技术创新转化能力对企业经营绩效的正向效应弱于非家族企业；家族企业经营目标函数中有关“社会情感财富”的考量，使其技术创新动态能力对财务绩效的提升作用弱于非家族企业。
본문이호심A고상시IT가족화비가족기업위연구양본，이2009－2013년적면판수거위의거，취가족기업화비가족기업개방식창신、기술창신동태능력여경영적효지간적관계진행대비연구。결과발현：상대이언，가족기업개방식창신대기술창신투입능력화산출능력적촉진작용교약，단대기술창신전화능력적지지작용교강；개방식창신유리우제승기업、특별시가족기업적시장적효，단병불능실질성지제승기업적재무적효；가족기업기술창신투입능력대경영적효적촉진작용강우비가족기업，단기술창신산출능력、기술창신전화능력대기업경영적효적정향효응약우비가족기업；가족기업경영목표함수중유관“사회정감재부”적고량，사기기술창신동태능력대재무적효적제승작용약우비가족기업。
Taking the listed IT family and non-family enterprises in Shanghai and Shenzhen A shares as research sam-ples, based on the 2009-2013 panel data, this paper conducts a comparative study on the relationship among open inno-vation, dynamic technological innovation capability and operating performance between family firms and non-family en-terprises.The results show that: compared with non-family firms, open innovation of family business plays a weaker role both in the input and the output capability of technological innovation, while it has a stronger promoting effect on transformation ability of technological innovation; open innovation will contribute to enterprises′s market performance, especially the market performance of family firms, but will not substantially improve the financial performance of the com-panies; the effect of input capability of technological innovation contributing to business performance in family firms is considerably superior to that of non-family ones, while the promoting effect of the output capability and the transforma-tion ability of technological innovation to operating performance is significantly inferior; constrained by social emotional wealth in the operational objective function, family firms′transformation ability of technological innovation has a weaker promoting effect on financial performance when compared with non-family competitors.