The privatisation of China's SOE: How is it affecting the production of guanxi?

Grainger, Stephen

doi:10.1504/ijmed.2011.041547

Cited by 3 publications

(3 citation statements)

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“…Privatized family firms also have social as well as economic goals (Ullah, 2020). Moreover, privatized firms are previously SOEs and are certainly involved in the activities that produce business abilities connected with improving economic performance (Grainger, 2011). Behavioural agency theory supports the behaviour of direct-established family firms.…”

Section: Resultsmentioning

confidence: 99%

“…When firms become indirect-established family firms, they also start pursuing a profit goal (just like direct-established counterparts) with the help of a learning curve which includes restructuring of product lines, capital structure, innovation, management and personnel. According to Grainger (2011), the economic performance of privatized firms must be improved given the evolution of business skills associated with those firms. The evolution of business skills included the changes in human resources, marketing and management strategies, communications and overall business strategy (Cui, 1998).…”

Section: Resource-based Viewmentioning

confidence: 99%

“…Moreover, if firms are not improving after privatization, then such circumstance arises from the fact that organizational culture has been embedded in their managers' daily routines which, in turn, is a major hindrance in pursuing the genuine profit motive of private family firms. Grainger (2011) stated that after the evolution of organizational infrastructure of privatized family firms, employees obtain better incentives and working environments which can lead towards better productivity and economic benefits. Jiang et al (2020) argued that family firms having representation in the board invest more in R&D investment as compared to the family firms having no representation in the board.…”

Section: Resource-based Viewmentioning

confidence: 99%

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Birth mode of family firms, family entering time and R&D investment: evidence from China

Zulfiqar

Chen

Yousaf

2021

EJIM

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PurposeOn the basis of behavioural agency theory and resource-based view, this study investigates the influence of family firm birth mode (i.e. indirect-established or direct-established), family entering time on R&D investment and the moderating role of the family entering time on the relationship between birth mode and R&D investment.Design/methodology/approachThe authors collected 2,990 firm-year observations from family firms listed on A-share in China from 2008 to 2016 in the China Stock Market and Accounting Research database. They used pooled regression for data analysis and Tobit regression for robustness checks.FindingsIndirect-established family firms show more inclined behaviour towards R&D investment than direct-established counterparts. Family entering time positively affects the R&D investment of family firms. Moreover, family entering time plays a significant moderating role in the relationship between family firm birth mode (i.e. indirect-established or direct-established) and R&D investment.Originality/valueTo the best of the authors’ knowledge, this work is a pioneering study that introduced the concept of family firm birth mode (i.e. indirect-established or direct-established) and family entering time. This work is novel because it differentiated family firms according to their birth modes, an approach which is a contribution to the existing literature of family firms. Moreover, the investigation of the moderating role of family entering time has also produced notable results that help understand the impact of family entering time on different types of family firms. The interpretation of outcomes according to behavioural agency theory also produced useful insights for future researchers as well as for policymakers.

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Section: Resultsmentioning

confidence: 99%

Section: Resource-based Viewmentioning

confidence: 99%