家族企业创业导向与企业成长:社会情感财富与制度环境的调节作用

摘要

旨在研究家族企业创业导向对企业成长的影响,并探讨社会情感财富和制度环境在二者之间的调节作用.运用8个省份家族企业问卷调查数据进行分析检验,结果表明:①家族企业创业导向对企业成长具有显著正向影响;②社会情感财富不同对家族企业创业导向与企业成长关系的影响不同,家族控制正向调节家族企业创业导向与企业成长关系,家族代际传承意愿负向调节家族企业创业导向与企业成长关系,即随着家族控制意愿的增强或家族代际传承意愿的降低,家族企业创业导向对企业成长的影响增大;③制度环境正向调节家族企业创业导向与企业成长关系,即随着制度环境的改善,家族企业创业导向对企业成长的影响增大.%This paper aims to explore the effect of entrepreneurial orientation(EO)on the growth of family firms,and to ex-amine the moderating role of social emotional wealth(SEW)and institutional environment in this relationship using the da-ta of family firms in eight provinces in China.First,we find that EO has a significantly positive effect on the growth of family firms.Second,the EO-growth relationship of family firms is contingent on different SEW variables.More specific-ally,the effect of EO on family firms'grow th is positively moderated by family control,but negatively moderated by family succession intention.That is,EO will have a more intense effect on family firms'growth as family control increases or family succession intention decreases.Third,the effect of EO on family firms'growth is positively moderated by institu-tional environment.That is,EO will have a more intense effect on family firms'growth as institutional environment im-proves.