How does “De-familization” Influence a Family Firm's Strategies?——A Dynamic Analysis Based on International Acquisition

Abstract

Abstract:

This study focuses on how the international acquisition intentions of family firms changes after they are faced with "de-familization" situation. Using hand-collected data, this study finds that, de-familized family firms are more willing to implement international acquisitions. Meanwhile, such motivation has an inverted "U shape" relationship with the chairman age and a positive "U shape" relationship with family ownership. This studies pays attention to the influence of identity changes from family to nonfamily firms from the perspective of international acquisition, investigates the influence of de-familization on international acquisition from a dynamic perspective, and proposes the international acquisition analysis matrix under "de-familization" context for family firms, aiming, for practical application, to provide intellectual support and theoretical foundation for current Chinese family firms.

Key words: family firms, de-familization, international acquisition, dynamic analysis

Yu Xiaodong, Li Yuping, Liu Gang. How does “De-familization” Influence a Family Firm's Strategies?——A Dynamic Analysis Based on International Acquisition[J]. , 2020, 32(3): 238-251.

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