The Impact of Second-Generation Involvement on the Family Firm’s Cross-Regional Expansion

Hongjie Pan ()
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Hongjie Pan: Macau University of Science and Technology, School of Business

A chapter in Proceedings of the 2024 2nd International Conference on Finance, Trade and Business Management (FTBM 2024), 2024, pp 358-368 from Springer

Abstract: Abstract The second generation to take over the family business will inevitably be faced with a major strategic decision: to continue with the existing business or to engage in new areas. We explore the impact of second-generation involvement on family firms’ cross-regional expansion using Chinese-listed family firms from 2011 to 2022. Our findings indicate that second-generation involvement positively promotes family firms’ cross-regional expansion. Further research finds that second-generation involvement facilitates cross-regional expansion through the enhancement of firms’ R&D and marketing capabilities. The findings contribute to the understanding of how second-generation involvement gains legitimacy and enrich the literature on intergenerational family transmission in China.

Keywords: Family business; Second-generation involvement; Cross-regional expansion; R&D capability; Marketing capability (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-546-1_40

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DOI: 10.2991/978-94-6463-546-1_40

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