Media Attention, CEO Sources, and Family-owned Business Innovation Performance

Li Zhou

《Frontiers in Economics and Management》 2卷5期 (2021/05) Pp. 262-270

https://doi.org/10.6981/FEM.202105_2(5).0034

摘要

Domestic and foreign literature on the factors affecting the performance of enterprises innovation continues to appear, but mainly concentrated in the company's internal environment on the impact of innovation performance. Based on the theory of agency, information asymmetry and so on, this paper, based on the 2011-2018 Shanghai-Shenzhen A-share non-financial industry family listed companies as a sample, empirically studies the relationship between media attention and the innovation performance of family business from various angles, and further studies the regulatory role of CEO sources in media attention on the impact of enterprise innovation performance.

關鍵字

Innovation Performance ； Family-owned ； Media attention

參考文獻

Yuan Z, Han X, Zheng Y. Family Involvement and Firm Governance: In the View of Socioemotional Wealth Protection[J]. Open Journal of Business & Management, 2015,03(4):453-464.

Gomez-Mejia L R, Haynes K T, Nufiez-Nickel M, et al. Socioemotional Wealth and Business Risks in Family-Controlled Firms: Evidence from Spanish Olive Oil Mills[J].

Dyck A, Volchkova N, Zingales L.2008.The corporate governance role of the media: Evidence from Russia. Journal of Finance, 63 (3) :1093~1135

Dyck, Alexander, and Luigi Zingales, 2004, “Private Benefits of Control: An International Comparison”, Journal of Finance, 59, pp.537—600.

Ferreira, D., G. Manso & A. Silva. Incentives to Innovate and the Decision to Go Public or Private[J]. Review of Financial Studies,2014,27(1):256-300.