光华讲坛——社会名流与企业家论坛第6664期
主题：家族成员人力资本与企业创新研究
主讲人：上海商学院特聘教授、学科带头人 陈锦全教授
主持人：西南财经大学中国金融研究院 夏常源副教授
时间：11月17日 09:30-12:00
举办地点：西南财经大学格致楼618a
主办单位：西南财经大学中国金融研究院 教务处
主讲人简介：
陈锦全(johnny chan)，上海商学院特聘教授、学科带头人，富布赖特学者。美国阿拉巴马大学金融学博士；特许金融分析师(cfa)，长期从事首次公开募股(ipo)、分析师行为、金融教育、绿色金融、内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等国外权威学术刊物公开发表学术论文近百篇。
内容简介：
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.
