کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5110089 | 1377737 | 2016 | 14 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Political connection and business transformation in family firms: Evidence from China
ترجمه فارسی عنوان
ارتباط سیاسی و تبدیل کسب و کار در شرکت های خانوادگی: شواهد از چین
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کلمات کلیدی
تبدیل کسب و کار، حالت تبدیل، شرکت خانوادگی، ارتباط سیاسی مالکیت،
موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
کسب و کار و مدیریت بین المللی
چکیده انگلیسی
We investigate the impact of family ownership on core business transformation and the moderating role of political connections in this relation through a Probit model, conditional Logit model, and Heckman selection model with instrumental variable using data from Chinese listed companies covering 2001-2010. The results demonstrate that, compared with non-family firms, family firms are more likely to transform their core business, enter strongly correlative industries and non-regulated industries, and adopt a mergers and acquisitions (M&A) mode. Furthermore, compared with politically non-connected family firms, family firms with political connections are more likely to conduct business transformation and adopt M&A rather than an internal cultivation mode to realize transformation. In addition, political connections make family firms more likely to enter weakly correlative industries and increase their chances of entering government-regulated industries.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Family Business Strategy - Volume 7, Issue 2, June 2016, Pages 117-130
Journal: Journal of Family Business Strategy - Volume 7, Issue 2, June 2016, Pages 117-130
نویسندگان
Delu Wang, Gang Ma, Xuefeng Song, Yun Liu,