The succession process in Chinese family firms: A guanxi perspective

Dou, Junsheng; Li, Shengxiao

doi:10.1007/s10490-012-9287-7

Cited by 51 publications

(46 citation statements)

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“…Furthermore, it is argued that the practice of guanxi by family firms might be healthier than that by non‐family firms. While family firms handle guanxi with care (Dou and Li ), nurturing and preserving it without merely exploiting and exhausting it (Liu et al . ), non‐family firms tend to exploit guanxi in a more detrimental way.…”

Section: Institutional Complementarities As Functionally Equivalent Gmentioning

confidence: 99%

“…However, there are a few exceptions in our sample articles discussing the importance of guanxi in the family firm context in relation to transgenerational transfer. Dou and Li () argue that the continuity of guanxi across generations is a key determinant of family firm success and survival. It is possible to maintain continuity with guanxi through different phases, e.g.…”

Section: Institutional Complementarities As Functionally Equivalent Gmentioning

confidence: 99%

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Asian Family Firms through Corporate Governance and Institutions: A Systematic Review of the Literature and Agenda for Future Research

Dinh

Calabrò

2018

Int J Management Reviews

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Although the corporate governance model of Asian family firms has recently gained increased attention, it remains unclear how these firms’ corporate governance mechanisms (and their effectiveness) differ from those of family firms in the western world. Drawing upon a comparative institutional perspective, this paper systematically reviews 148 published articles in peer‐reviewed journals from 1980 to 2015. The aim of this paper is to contribute to the understanding of institutional complementarities that constitute informal governance mechanisms adopted by Asian family firms by considering a wider set of institutional factors (i.e. political environment, cultural values and social norms) embedded in the Asian context. The main findings suggest that: (i) given the lack of market‐supporting institutions and the presence of strong political control over Asian economies, family firms tend to cultivate political connections to respond to the failure of legal systems; (ii) Asian family firms still rely heavily on personal networks (e.g. guanxi) to reduce uncertainty, strengthen business ties, and gain access to external resources; and (iii) cultural values and social norms (e.g. ‘face’ saving, reputational concerns and adult child adoption) lead to functionally equivalent corporate governance mechanisms in Asian family firms. The downstream effects of such mechanisms are also discussed, and future research avenues are identified.

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Section: Institutional Complementarities As Functionally Equivalent Gmentioning

confidence: 99%

Section: Institutional Complementarities As Functionally Equivalent Gmentioning

confidence: 99%

Asian Family Firms through Corporate Governance and Institutions: A Systematic Review of the Literature and Agenda for Future Research

Dinh

Calabrò

2018

Int J Management Reviews

View full text Add to dashboard Cite

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“…The journal has also sought to remain at the forefront of research in developing the institutional view strategy (Sauerwald & Peng, 2013;Young, Tsai, Wang, Liu, & Ahlstrom, 2014), emerging economy multinational enterprises (Meyer & Thaijongrak, 2013;Popli & Sinha, 2014), comparative corporate governance (Ding, Sun, & Au, 2014;Filatotchev, Jackson, & Nakajima, 2013) and the board (Liu, Wang, Zhao, & Ahlstrom, 2013;Van Essen, Van Oosterhout, & Carney, 2012). In addition, APJM continues to publish extensive indigenous research on management in Asia (Ahlstrom, Chen, & Yeh, 2010;Horak & Klein, 2015;Leung, Chen, Zhou, & Lim, 2014;Li, 2012), the strategies and behaviors of Asian family firms and business groups (Au, Chiang, Birtch, & Ding, 2013;Yabushita, & Suehiro, 2014), and the role of government-business relationships (Dou & Li, 2013;Li, Chen, Liu, & Peng, 2014) and state enterprises (Maheshwari & Ahlstrom, 2004;Stan, Peng, & Bruton, 2014). However it is important to emphasize that APJM is also a general management journal that welcomes and publishes research on meso and micro level phenomena.…”

Section: Looking Forwardmentioning

confidence: 99%

Capacity building at the Asia Pacific Journal of Management

Carney

2015

Asia Pac J Manag

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“…Indeed, Z. Qin, X. Deng affection between two individuals makes it difficult to transfer Guanxi to others. Second generation may find that the biggest challenge in taking over the family business is to maintain the Guanxi built up by the parents (Deng 2011;Dou and Li 2012). The concept of affection makes Guanxi a long-term investment in Chinese society.…”

Section: Affection (Ganqing)mentioning

confidence: 99%

Government and family Guanxi in Chinese private firms: perceptions and preference

Qin

Deng

2014

Rev Manag Sci

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This paper examines the role of family ties in private firms in China. Drawing on social capital theory, we argue that family ties can be valuable assets for running businesses, and should be studied as a separate type of managerial ties. Government ties are then used as a benchmark to demonstrate the difference between family and government ties in four dimensions: face, affection, reciprocity and trust. Taking the resource-based view, we argue that Guanxi network is a dynamic capability that evolves in response to the changing operating environment and a firm's lifecycle. A survey of 296 private firms in China is utilized to explore antecedents of managers' perceptions and their preference between government and family ties. We find that a volatile operating environment is the most important factor that is linked to the perceived importance of government and family ties. In addition, we find younger firms are more likely to value family ties highly, while perceived importance of government ties increases with the size of the firm. This study contributes to the literature by adding an extra domain, family ties, to managerial ties and highlights the importance of family ties for fledgling firms. It provides further evidence on the role of managerial ties in mitigating operational uncertainties, and sheds light on the different roles that family and government ties play.

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The succession process in Chinese family firms: A guanxi perspective

Cited by 51 publications

References 50 publications

Asian Family Firms through Corporate Governance and Institutions: A Systematic Review of the Literature and Agenda for Future Research

Asian Family Firms through Corporate Governance and Institutions: A Systematic Review of the Literature and Agenda for Future Research

Capacity building at the Asia Pacific Journal of Management

Government and family Guanxi in Chinese private firms: perceptions and preference

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