Chinese Private Firms and Internationalization
基于家族企业的社会情感财富视角，研究家族控制如何影响企业国际化倾向，发现家族管理参与度与国际化可能性呈倒U型关系，而家族所有权比例与国际化可能性呈U型关系。
Applying the socioemotional wealth perspective of family businesses, this study examines how family control affects whether firms tend to go international. Departing from prior research that has treated family involvement in management and family ownership as interchangeable and inseparable, we suggest that they are two different aspects of family control, which independently and differently affect firms’ internationalization strategies. A sample of private Chinese firms supports our predictions that family involvement in management has an inverted-U-shaped relationship with the likelihood of internationalization and that the percentage of family ownership has a U-shaped relationship with the likelihood of internationalization.