家族企業相關議題被廣泛探討,然而家族所為企業帶來之效果卻尚未有一致看法。本研究將重點鎖定在過去鮮少被討論的研發生產力與研發投資變異兩者和家族企業間之關聯性分析,並進一步從IPO層面來論析其年數對此關聯性之調節效果,以提供與過去不同之觀點來討論家族對企業帶來的效果。本研究是以台灣證劵交易所公開上市、上櫃與興櫃之公司為研究對象,研究期間為2001年至2010年,樣本數共計8,459筆。實證結果發現,家族對企業的控制程度與研發生產力間具正向關係,而IPO年數越長,此關聯效果則會越被強化;而家族對企業的控制程度與研發投資變異間具負向關係,而此關係並不會因為IPO年數長短而產生太大的調節效果。
The issues of family firms have been widely discussed. However, the effect of family firms has not reached consistent conclusions. This study will focus on exploring the relationship among family firms, the productivity of R&D and the variation of R&D, and futher analyze the influence of IPO, which has rarely been discussed in the past and to provide the different point of view to family firms. This study consists of enterprises registered in the public stocking market between 2001 and 2010 with samples of 8,459 observations. The empirical results indicate that there is a positive relationship between family firms and R&D productivity, and the years of IPO can strengthen this relationship. However, there is a negative relationship between family firms and R&D variation, and the years of IPO don’t have much affect to this relationship.