姻亲涉入管理与家族企业战略变革

摘要/Abstract

摘要： 姻亲是家族企业亲缘关系的重要组成部分，也是家族企业异质性的重要来源。本文以2003—2022年中国上市家族企业亲缘关系数据为样本，基于社会认同理论，考察了姻亲涉入管理对家族企业战略变革的影响。研究发现：姻亲涉入管理会阻碍家族企业实施战略变革。进一步研究发现，当涉入姻亲亲缘关系亲密度较低时，家族企业的战略变革水平更低；当涉入姻亲为实际控制人兄弟姐妹方姻亲以及男性姻亲时，将有助于推动家族企业实施战略变革。异质性分析发现，当家族企业处于社会信任程度较低地区以及面临的环境不确定性更高时，姻亲涉入管理阻碍家族企业实施战略变革更显著。最后，本文发现，姻亲涉入管理对战略变革抑制作用将会降低家族企业的长期价值。本研究不仅从亲缘关系视角拓展了家族企业战略变革动因的研究范畴，还为优化家族治理结构以驱动企业变革、促进转型发展提供了实践启示。

关键词: 姻亲涉入管理, 战略变革, 家族企业, 社会认同理论

Abstract: In-laws are an important component of family business kinship and a significant source of heterogeneity in family businesses. This paper takes the kinship data of Chinese listed family businesses from 2003 to 2022 as a sample, and based on social identity theory, examines the impact of in-laws’ involvement in management on the strategic transformation of family businesses. Our research finds that involvement of in-laws in management can hinder the implementation of strategic changes in family businesses. Further research finds that the level of strategic change in family businesses is lower when the intimacy of in-laws and kinship relationships are low; when the in-laws involved in management are the in-laws of the actual controller’s siblings and male in-laws, it is conductive for family businesses to implement strategic changes. Heterogeneity analysis finds that when a family business is located in an area with low social trust and faced with higher environmental uncertainty, the involvement of in-laws in management hinders the implementation of strategic changes in the family business more significantly. Finally, this paper finds that the involvement of in-laws in management has a restraining effect on strategic change and will reduce the long-term value of family businesses. This paper not only expands the research on the driving forces of strategic change in family businesses from a new perspective, but also has certain enlightening significance for how to effectively optimize the family governance structure to drive enterprise change and promote enterprise transformation and development.

Key words: in-laws’ involvement in management, strategic change, family business, social identity theory

滕曼茹, 戴明禹. 姻亲涉入管理与家族企业战略变革[J]. 管理评论, 2025, 37(7): 214-225.

Teng Manru, Dai Mingyu. In-laws’ Involvement in Management and Strategic Changes of Family Businesses[J]. Management Review, 2025, 37(7): 214-225.

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