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

DOI

10.2991/978-94-6463-546-1_40How to use a DOI?

Keywords

Family business; Second-generation involvement; Cross-regional expansion; R&D capability; Marketing capability

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.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Hongjie Pan
PY  - 2024
DA  - 2024/10/27
TI  - The Impact of Second-Generation Involvement on the Family Firm’s Cross-Regional Expansion
BT  - Proceedings of the 2024 2nd International Conference on Finance, Trade and Business Management (FTBM 2024)
PB  - Atlantis Press
SP  - 358
EP  - 368
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-546-1_40
DO  - 10.2991/978-94-6463-546-1_40
ID  - Pan2024
ER  -