intergenerational succession

  • 详情 Institutional Resilience and Intergenerational Succession of Chinese Family Firms
    This study investigates how institutional resilience facilitates successful intergenerational succession in Chinese family firms. Drawing on institutional resilience theory and socioemotional wealth (SEW) theory, we employ fuzzy-set qualitative comparative analysis (fsQCA) to explore configurational causal pathways. Based on a sample of 20 Chinese family firms, we identify four core conditions (pre-succession planning, multi-dimensional governance structure, professional tool empowerment, cultural spirit inheritance) and one contextual condition (institutional environment adaptability). Results show that cultural spirit inheritance is the only necessary condition for successful succession, while five equifinal configurations of institutional resilience are sufficient to achieve effective succession. By contrast, weakness in any two core institutional resilience dimensions significantly increases the likelihood of succession failure. This study advances contextualized family business research by unpacking the combinatorial mechanisms of institutional resilience in an emerging market context and provides actionable implications for family firms and policymakers.
  • 详情 Leaving a legacy for my children: The one-child policy reform and engagement in CSR among family firms in China
    The reform of China’s one-child policy allows families to have more children and thus may affect anticipation of intergenerational succession of family businesses and drive family firms to improve their corporate social responsibility (CSR). Using a difference-in-differences design, we find that the reform positively affects family firm CSR. We also find that the positive impact is more pronounced for family firms whose owners have fewer children, have no son, and are of reproductive age, which confirms the theory that intergenerational succession anticipation drives family firm CSR. Moreover, we find that the positive impact is more pronounced for firms that operate in environments where CSR is more strategically important. We validate our findings by showing that the reform curtails family firms’ short-termism.