TO SUCCEED IN SUCCESSIONS:FAMILY SUCCESSION AND FIRM BEHAVIOR IN CHINESE FAMILY FIRMS

In family firms, CEO successions are key events for firms’ sustainable development, and different types of successors may influence firm behaviors in significantly different ways. To respond to the mixed results of extant studies and unveil the underlying effects, this study adopted a socioemotional wealth perspective. The hypothesis was that family firms with internal succession are more likely to be involved in behaviors that could increase the socioemotional wealth of the family, including corporate innovation, diversification strategies, and corporate philanthropy. Using data on Chinese publiclylisted family firms from 2008 to 2017, the above hypotheses were tested. Results largely showed support for the hypotheses. Multiple methods were employed to mitigate endogeneity problems and enhance robustness. Overall, this study contributes to the current research on family leadership by proving that internal family succession has a positive influence on preserving the socioemotional wealth of the family.

Grantor dc:publisher

Temple University. Libraries

Year dc:date.issued

2023

Author dc:creator

• TIAN, YUANXIN

Advisor dc:contributor.advisor

• Gao Bakshi, Xiaohui

Committee members dc:contributor.committeemember

• Bakshi, Gurdip
• Kumar, Subodha
• Grace, Martin Francis, 1958-

• Business administration
• Corporate governance
• Family firms
• Firm behavior
• Internal succession

Statement dc:rights

• IN COPYRIGHT- This Rights Statement can be used for an Item that is in copyright. Using this statement implies that the organization making this Item available has determined that the Item is in copyright and either is the rights-holder, has obtained permission from the rights-holder(s) to make their Work(s) available, or makes the Item available under an exception or limitation to copyright (including Fair Use) that entitles it to make the Item available.

Licence dc:rights.uri

• http://rightsstatements.org/vocab/InC/1.0/

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/20.500.12613/8564

OAI identifier oai:identifier

oai:scholarshare.temple.edu:20.500.12613/8564