Chinese Private Firms and Internationalization

Liang, Xiaofeng; Wang, Lihua; Cui, Zhiyu

doi:10.1177/0894486513480885

Cited by 145 publications

(54 citation statements)

References 50 publications

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“…This view is supported by a few empirical studies [2]. Additionally, empirical studies also support a curvilinear relationship between family management and internationalization [10].…”

Section: The Effect Of Family Management On Chinese Family Firm Intermentioning

confidence: 88%

“…Prior research has largely been conducted in developed economies [1]. Very limited research on Chinese family firms also ignores the moderating effects of industrial and institutional environments in the above relationship [10,11]. This paper has embraced how family ownership and family management influence internationalization, as well as their unique situational mechanism in China.…”

Section: Discussionmentioning

confidence: 99%

“…However, little research has analyzed the influence of family involvement variables such as family ownership and/or management on the internationalization of Chinese family firms. Furthermore, the very limited research on Chinese family firms ignores the effects of industrial and institutional environments on relative relationships [10,11].…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Influence of Family Involvement on Family Firm Internationalization: The Moderating Effects of Industrial and Institutional Environments

2019

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This paper aimed to explore the effects of family ownership and management on Chinese family firm internationalization, and to examine the moderating effects of environmental munificence, institutional environment, and political ties in this relationship. A questionnaire survey of 274 family firms in 8 provinces or municipalities in China was conducted to test the proposed hypotheses empirically. The results were as follows: First, family ownership and management positively impacted the depth and breadth of internationalization. Second, environmental munificence weakened the effect of family ownership on the depth of internationalization, as well as on the effect of family management on the breadth of internationalization, but intensified the effect of family management on the depth of internationalization. Third, the institutional environment intensified the effects of family management on the depth and breadth of internationalization. Finally, political ties weakened the effect of family management on the depth of internationalization, but intensified the effect of family ownership on the breadth of internationalization. The contributions and implications of this study are also discussed.

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“…This view is supported by a few empirical studies [2]. Additionally, empirical studies also support a curvilinear relationship between family management and internationalization [10].…”

Section: The Effect Of Family Management On Chinese Family Firm Intermentioning

confidence: 88%

Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Influence of Family Involvement on Family Firm Internationalization: The Moderating Effects of Industrial and Institutional Environments

2019

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“…These studies did not compare differences across ownership characteristics in a single country, except for a few studies investigating the design and use of PMSs in subsidiaries of multinational organizations [10][11][12][13][14][15]. Recent calls were made in the literature to study the influence of family ownership on the design and use of management control systems (MCSs) [16][17][18][19][20]. However, in most economies and especially emerging economies, different types of firm ownership are found beyond private family ownership.…”

Section: Introductionmentioning

confidence: 99%

Performance Measurement for Sustainability: Does Firm Ownership Matter

2019

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Based on contingency and agency insights, this study examines the influence of ownership characteristics on performance measurement systems (PMSs) and outcome-based compensation systems driven by differences in organizational goals and objectives between state-owned enterprises (SOEs) and non-state-owned enterprises (non-SOEs) in Vietnam. The influence of ownership characteristics on the design of PMSs received little attention from researchers so far. Moreover, the few studies that are available so far only examined the relationship between firm ownership characteristics and the presence and use of economic performance indicators and economic outcome-based compensation in firms. In this study, the scope of PMSs is broader, and sustainability indicators focusing on community programs, ethical behavior, and government regulation are included in addition to economic based indicators. Analyzing survey data with the use of partial least squares (PLS) structural equation modeling (SEM), we find that the higher the share of the government in an organization’s capital is, the significantly more governmental duty indicators and significantly fewer ethical indicators and economic indicators are included in the PMS and outcome-based compensation systems. The inclusion of community indicators is not associated with firm ownership characteristics. Meanwhile, non-SOEs include significantly more economic value indicators, but no societal measures, like ethical, community-oriented, and governmental duty indicators.

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“…On the one hand, owners could adopt the relational governance, which have an advantage in in-group effects (or zijiren xiaoying in Chinese language). Some scholars also term it as "family involvement in management" (see e.g., Kim and Gao, 2013;Dou et al, 2014;Liang et al, 2014). On the other hand, the owners could adopt the professional governance, which implies that the hired managers are more able but with higher degree of moral hazard.…”

Section: Introductionmentioning

confidence: 99%

An investigation of the choice of governance modes in Chinese family firms

Pi¹

2015

Zb.rad.Ekon.fak.Rij.

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This paper aims to investigate the choice of governance modes in Chinese family firms. For that purpose, we build a principal-agent model to conduct our analyses. There are two modes of governance that the owner of the family firm can choose from, either the relational governance or the professional governance. The choice of governance modes is embodied in managerial compensation under different contractual arrangements. Our theoretical analyses show that under some conditions it is optimal for the owner to choose the relational governance, while under other conditions it is optimal for the owner to adopt the professional governance. That is to say, the choice of governance modes is condition-dependent.

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Chinese Private Firms and Internationalization

Cited by 145 publications

References 50 publications

Influence of Family Involvement on Family Firm Internationalization: The Moderating Effects of Industrial and Institutional Environments

Influence of Family Involvement on Family Firm Internationalization: The Moderating Effects of Industrial and Institutional Environments

Performance Measurement for Sustainability: Does Firm Ownership Matter

An investigation of the choice of governance modes in Chinese family firms

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