Resilience in Chinese Family Businesses

Qianxuan Huang (), Ran Mo () and Jacques Jaussaud ()
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Qianxuan Huang: Honors College, Tianjin Foreign Studies University
Ran Mo: Honors College, Tianjin Foreign Studies University
Jacques Jaussaud: University of Pau

A chapter in Proceedings of the 2025 10th International Conference on Social Sciences and Economic Development (ICSSED 2025), 2025, pp 696-707 from Springer

Abstract: Abstract This paper examines the resilience of Chinese family businesses (CFBs) by analyzing their financial performance during different economic cycles, with a focus on the 2008 Global Financial Crisis. Characterized by concentrated ownership, long-term orientation, and a focus on family reputation, CFBs respond to crises differently from other types of enterprises in China. Through a paired-sample analysis, the research evaluates their profitability and financial structure during the financial crisis. The results indicate that CFBs exhibit stronger financial performance and resilience during recovery phases but face challenges with higher financial leverage and liquidity management during economic downturns. This paper provides insights into the organizational resilience of CFBs, offering guidance for policymakers, practitioners, and investors to support CFBs through targeted policies and strategic investments.

Keywords: Family Business; Resilience; Financial Crisis; Economic downturn (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-734-2_76

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DOI: 10.2991/978-94-6463-734-2_76

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