The impact of de-familization on green innovation: Evidence from SRDI family firms in China.

IF 2.6 3区综合性期刊 Q1 MULTIDISCIPLINARY SCIENCES

PLoS ONE Pub Date : 2025-01-10 eCollection Date: 2025-01-01 DOI:10.1371/journal.pone.0314110

Jiarong Huang, Lixin Zhou, Shuai Song, Hanwei Zhou

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引用次数: 0

Abstract

Green innovation is essential for sustainable development, especially in China's Specialized-Refined-Differentiated-Innovative (SRDI) enterprises. Family-owned SRDI firms, in particular, have attracted attention due to their de-familization strategies and their influence on green innovation. Our study analyzes panel data from 2016 to 2021 for listed SRDI family firms to investigate how de-familization in management rights and ownership impacts green innovation. Using socio-emotional wealth (SEW) theory and a fixed-effects model, we find that de-familization significantly negatively affects green innovation, with corporate governance serving as a mediating factor. Digital transformation moderates these negative effects, while market concentration exacerbates them. These impacts are more pronounced in firms before being designated as "Little Giants," those receiving higher government subsidies, those located in eastern regions, or those not classified as major polluters. This research provides actionable insights for SRDI family firms to strategically manage de-familization, optimize resource allocation, implement customized governance strategies, and promote sustainable growth.

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非家族化对绿色创新的影响：来自中国SRDI家族企业的证据。

绿色创新对于可持续发展至关重要，特别是对中国的专业化、精细化、差异化创新（SRDI）企业而言。家族所有的SRDI公司尤其因其非家族化战略及其对绿色创新的影响而受到关注。本文分析了2016年至2021年SRDI家族上市企业的面板数据，探讨了经营权和所有权的非家族化对绿色创新的影响。运用社会情感财富理论和固定效应模型，我们发现去家族化对绿色创新具有显著的负向影响，其中公司治理起到中介作用。数字化转型缓和了这些负面影响，而市场集中化则加剧了这些负面影响。这种影响在未被认定为“小巨人”的企业、获得较高政府补贴的企业、位于东部地区的企业以及未被列为污染大户的企业中更为明显。本研究为SRDI家族企业对去家族化进行战略管理、优化资源配置、实施定制化治理策略、促进可持续增长提供了可操作的见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

PLoS ONE 生物-生物学

CiteScore

6.20

自引率

5.40%

发文量

14242

审稿时长

3.7 months

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