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1.
Although
familized-affiliated enterprises are common in the capital market, there is a
lack of evidence on whether their innovation performance is better than that of
only-child group-affiliated enterprises. This paper divided the listed
companies affiliated to the Chinese group into familized group-affiliated enterprises
and only-child group-affiliated enterprises, and examined the differences in
innovation performance between the two types of organizations. It is found that
the innovation performance of familized group-affiliated enterprises is
significantly higher than that of only-child group-affiliated enterprises, and
the innovation performance advantage of the familized group affiliation is more
obvious in private than in state-owned enterprises. Moreover, the more the
business of a familized group-affiliated firm is related to that of its parent
company, the better the innovation performance of the affiliated firm will be.
Conversely, the higher the diversification of a familized group, the lower the
innovation performance of its affiliated firms will be. This paper shows that the
familized group affiliation promotes the innovation of the affiliated
enterprise. The findings enrich the understanding of the impact of the familized
group on the innovation of affiliated firms, and have important practical
implications for the innovation management of the group enterprise. 相似文献