资本周转速度
- 网络velocity of turnover of capital
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家族集中持有的财产承担了企业风险和隐性成本,但内源融资使企业对资本周转速度不够敏感,减缓了加速效应,企业难以在短期内迅速获得技术创新和组织创新能力。
Owning family undertakes business risks and implicit costs , but internal financing makes the firm less sensitive to the speed of capital turnover , reducing the accelerating effect , thus the firm is hardly to obtain the ability of technological and organizational innovations .