光華講壇——社會(huì)名流與企業(yè)家論壇第6664期
主題：家族成員人力資本與企業(yè)創(chuàng)新研究
主講人：上海商學(xué)院特聘教授、學(xué)科帶頭人 陳錦全教授
主持人：西南財(cái)經(jīng)大學(xué)中國(guó)金融研究院 夏常源副教授
時(shí)間：11月17日 09:30-12:00
舉辦地點(diǎn)：西南財(cái)經(jīng)大學(xué)格致樓618A
主辦單位：西南財(cái)經(jīng)大學(xué)中國(guó)金融研究院 教務(wù)處
主講人簡(jiǎn)介：
陳錦全(Johnny Chan)，上海商學(xué)院特聘教授、學(xué)科帶頭人，富布賴(lài)特學(xué)者。美國(guó)阿拉巴馬大學(xué)金融學(xué)博士；特許金融分析師(CFA)，長(zhǎng)期從事首次公開(kāi)募股(IPO)、分析師行為、金融教育、綠色金融、內(nèi)部控制等方面的研究，先后在Management Science（UTD24）、Journal of International Business Studies（UTD24）、Journal of Corporate Finance (14篇)、Journal of Banking and Finance、Journal of Business Ethics等國(guó)外權(quán)威學(xué)術(shù)刊物公開(kāi)發(fā)表學(xué)術(shù)論文近百篇。
內(nèi)容簡(jiǎn)介：
We examine the impact of family-based human capital stemming from a chairperson’s having siblings vis-à-vis not having siblings on corporate innovation in Chinese family firms. Using hand-collected data, we document that when a firm has a sibling-chairperson, it holds more patents, receives more total citations to its patents, and has greater innovation efficiency and innovation quality than an otherwise equivalent firm with a chairperson having no siblings. The results are economically significant and robust to a battery of robustness checks. Specifically, the findings remain intact after using China’s one-child policy as an exogenous shock to apply a regression discontinuity research design to mitigate endogeneity. Additional analyses suggest that the mechanisms behind the impact of siblings on innovation are consistent with family-based human capital embedded in the sibling relationships such as competition, knowledge spillover, and family firm succession effect among siblings. Furthermore, we show that sibling co-management and sibling gender diversity matter in corporate innovation. In addition, sibling effect enhances corporate investment efficiency, stock returns, and merger and acquisition performance. Overall, family-based human capital from siblings positively contributes to corporate innovation.
