家族内部继任、外部资源依赖与国际化

Family Internal Succession,External Resources Dependent and Internationalization—An Empirical Study on Chinese Listed Family Firms

基于管家理论、社会认同理论和资源依赖观点,以669家中国沪深A股上市家族企业2003~2013年的数据为研究样本,分析家族内部继任、外部资源依赖与国际化之间的关系。研究表明,家族企业CEO由家族内部人员担任时,家族二代的所有权继任对企业国际化的影响呈现U型关系;相对于参与董事会,二代家族成员在管理层的参与率对国际化具有积极作用;家族企业的外部资源依赖主要通过非家族成员担任董事的形式来解决,并且在家族二代成员继任董事会的程度较低时,外部资源才能够对国际化产生积极意义。

Experiencing more than 30years＇ development,Chinese family firms are faced with both internal succession and global competition challenges.Based on stewardship theory,social identity theory and resources dependent view,this study investigates 660 family firms,listed on Shanghaishenzhen exchange markets in China from 2003-2013,to study the relationship of family internal succession,external resources dependent and internationalization.The empirical results reveal that：When family member takes the CEO,the relationship between ownership succession and internationalization exhibits U-shape;next generation can exert more positive impact on internationalization when they involve in top management team;external board membership is the main mechanism that family firms acquire resources for internalization,especially when family involvement in board is low.