Influence of the Second Generation Kinships of Chinese Family Businesses on Entrepreneurial Strategic Changes

doi:10.15936/j.cnki.1008-3758.2023.02.007

Abstract

Abstract: The second generation of families and strategic changes are important factors for the long-term foundation of family businesses. However， the existing research ignores the heterogeneous effects of the second generation of families with different kinships on family businesses. Taking the Chinese listed family enterprises which have entered the intergenerational succession stage from 2003 to 2018 as the sample， it is found that compared with the second generation of distant relative family members， the second generation of close relative family members are more inclined to restrain strategic changes. The areas with better external institutional environments have a negative regulatory effect on the above-mentioned relationship， and the directly established family business has a positive regulatory effect on the above-mentioned relationship. The heterogeneous influence of the second generation of different kinship families on family businesses is explained from the perspective of integrating the differential sequence pattern theory and the socioemotional wealth theory， which enriches the related research on the succession modes and strategic changes of family businesses.

Key words: family business; intergenerational succession; kinship; strategic change

CLC Number:

F272.3

ZHAO Pengju， LIU Ligang. Influence of the Second Generation Kinships of Chinese Family Businesses on Entrepreneurial Strategic Changes[J]. Journal of Northeastern University(Social Science), 2023, 25(2): 53-62.

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