适中的家族控制对企业技术创新没有显著影响,较高的家族控制会抑制企业技术创新;外部获得专利对家族控制与创新产出的关系具有一定的正向调节效应,但不同的专利获得方式以及同一种方式对不同家族控制水平的企业调节效果不同。并购获得专利的调节范围更广,且其对家族控制权较高企业的调节效应更强;外部获得专利对家族控制与研发投入的关系没有调节效应;外部获得专利对创新产出的正向调节效应不是通过提高研发投入产生的,而是通过提高企业研发投入的使用效率产生的。

This paper examines the relationship between family control and the technology innovation, and how the external patent affects the relationship. The findings are as follows: The moderate family control has no significant impacts on the technological innovation, but the higher level of the family control can better restrain the technological innovation. External patents have a positive moderating effect on the relationship between the family control and innovative output. But the moderating effect is different depending on the ways of obtaining patents and family control levels. It is the mergers and acquisitions that have a broader scope of regulation, and have a stronger moderating effect on firms with higher family control rights. External patents have no moderating effect on the relationship between family control and R&D investment. The positive moderating effect of patent purchase and acquisition on innovation output is produced not by increasing R&D investment, but by improving the efficiency of R&D input.