软科学
軟科學
연과학
Soft Science
2015年
5期
96~100
,共null页
家族参与管理 企业绩效 所有者年龄 调节作用
傢族參與管理 企業績效 所有者年齡 調節作用
가족삼여관리 기업적효 소유자년령 조절작용
family involvement in management; firm performance; owner age; moderating role
以215家中国非上市家族企业为样本,通过实证探讨了家族参与管理和企业绩效的关系及家族企业所有者年龄的调节作用。结果显示：家族参与管理对企业整体绩效及其各维度的影响不显著,家族所有者的年龄在家族参与管理和企业财务绩效之间起到负向调节作用。这一结论表明,一方面对持有让更多的家族人员参与管理来提高绩效的做法需持谨慎态度;另一方面,在中国非上市家族企业中,所有者的年龄越大,家族参与管理水平越高,越不利于企业财务绩效的增长。
以215傢中國非上市傢族企業為樣本,通過實證探討瞭傢族參與管理和企業績效的關繫及傢族企業所有者年齡的調節作用。結果顯示：傢族參與管理對企業整體績效及其各維度的影響不顯著,傢族所有者的年齡在傢族參與管理和企業財務績效之間起到負嚮調節作用。這一結論錶明,一方麵對持有讓更多的傢族人員參與管理來提高績效的做法需持謹慎態度;另一方麵,在中國非上市傢族企業中,所有者的年齡越大,傢族參與管理水平越高,越不利于企業財務績效的增長。
이215가중국비상시가족기업위양본,통과실증탐토료가족삼여관리화기업적효적관계급가족기업소유자년령적조절작용。결과현시：가족삼여관리대기업정체적효급기각유도적영향불현저,가족소유자적년령재가족삼여관리화기업재무적효지간기도부향조절작용。저일결론표명,일방면대지유양경다적가족인원삼여관리래제고적효적주법수지근신태도;령일방면,재중국비상시가족기업중,소유자적년령월대,가족삼여관리수평월고,월불리우기업재무적효적증장。
Based on the sample of 215 unlisted family firms in China, this paper explores the relationship between family in- volvement in management （FIM） and firm performance, and the moderating role of owner age. Results indicate that FIM has no significant positive role for overall firm performance and its each dimension, owner age plays a negative moderating role between FIM and finance performance. The result showes that , on the one hand, it needs to keep cautious attitude for more family members involvement in the management to improve performance; on the other hand, in the unlisted family firms of China, the owner age is older, the FIM level is higher, and the more hamfful to the growth of finance performance.
