家族管理涉入对企业数字化转型的影响研究

Research on the Impact of Family Involvement in Management on Firm Digital Transformation

摘要: 数字经济时代，家族企业如何应对数字化转型的机遇与挑战，是理论与实践共同关注的重要命题。本文基于社会情感财富理论，以2011~2024年沪深A股上市家族企业为研究对象，运用文本分析和回归分析方法，探究家族管理涉入对企业数字化转型的影响机理。结果表明，家族管理涉入程度越高，企业数字化转型水平越低，这一负向影响主要通过加剧管理者短视主义得以实现。但冗余资源的存在能够有效缓解上述抑制作用，为企业推进数字化变革提供必要的资源缓冲。进一步研究发现，在无代际传承、高行业竞争及小规模企业中，家族管理涉入对数字化转型的抑制作用更为突出。本文从家族治理视角揭示了企业数字化转型的深层障碍，深化了对家族企业战略决策特殊性的理解，也为引导家族企业顺应数字经济浪潮、实现转型升级提供了实践参考。

Abstract: In the era of digital economy, how family businesses respond to the opportunities and challenges of digital transformation is an important proposition that both theory and practice focus on. Based on the socioemotional wealth theory, this paper takes family businesses listed on the Shanghai and Shenzhen A-share markets from 2011 to 2024 as the research object, and employs text analysis and regression analysis methods to explore the impact mechanism of family involvement in management on firm digital transformation. The results indicate that the higher the degree of family involvement in management, the lower the level of digital transformation of enterprises. This negative impact is mainly achieved by exacerbating managerial myopia. However, the existence of redundant resources can effectively alleviate this inhibitory effect, providing necessary resource buffers for enterprises to advance digital transformation. Further research finds that in enterprises without intergenerational succession, high industry competition, and small-scale enterprises, the inhibitory effect of family involvement in management on digital transformation is more prominent. This paper reveals the deep-seated obstacles to digital transformation of enterprises from the perspective of family governance, deepens the understanding of the specificity of strategic decision-making in family businesses, and provides practical references for guiding family businesses to adapt to the wave of digital economy and achieve transformation and upgrading.