Skip to main content
Log in

The influence of founders’ membership status on transgenerational succession intention in family business: Evidence from China

  • Published:
Asia Pacific Journal of Management Aims and scope Submit manuscript

Abstract

In this study, we examine the impact of the membership status of the founders of family firms on transgenerational succession intention in a Chinese context. Based on data concerning 1983 family firms in China, we find that certain forms of organizational membership on the part of founders (i.e., party, political or business membership) are positively associated with succession intention. In addition, we consider two kinds of moderating effect: family control and institutional environment. Family control weakens the relationship between social identity and succession intention; however, institutional environment strengthens this relationship. These results are robust to a variety of sensitivity tests. The study extends our understanding of how and why family firms’ succession behavior varies as a result of individuals’ sociological traits, particularly in the context of Chinese family firms, and has important implications for the task of sustainable family firm development.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Fig. 1
Fig. 2

Similar content being viewed by others

References

  • Alsos, G. A., Clausen, T. H., Hytti, U., & Solvoll, S. (2016). Entrepreneurs’ social identity and the preference of causal and effectual behaviours in start-up processes. Entrepreneurship & Regional Development, 28(3–4), 234–258.

    Article  Google Scholar 

  • Anderson, R. C., & Reeb, D. M. (2003). Founding-family ownership and firm performance: Evidence from the S&P 500. The Journal of Finance, 58(3), 1301–1328.

    Article  Google Scholar 

  • Ansari, I. F., Goergen, M., & Mira, S. (2014). The determinants of the CEO successor choice in family firms. Journal of Corporate Finance, 28, 6–25.

    Article  Google Scholar 

  • Ashforth, B. E., Harrison, S. H., & Corley, K. G. (2008). Identification in organizations: An examination of four fundamental questions. Journal of Management, 34(3), 325–374.

    Article  Google Scholar 

  • Barrett, R., & Vershinina, N. (2017). Intersectionality of ethnic and entrepreneurial identities: A study of post-war polish entrepreneurs in an English City. Journal of Small Business Management, 55(3), 430–443.

    Article  Google Scholar 

  • Bascle, G. (2008). Controlling for endogeneity with instrumental variables in strategic management research. Strategic Organization, 6, 285–327.

    Article  Google Scholar 

  • Bennedsen, M., Nielsen, K. M., Pérez-González, F., & Wolfenzon, D. (2007). Inside the family firm: The role of families in succession decisions and performance. The Quarterly Journal of Economics, 122(2), 647–691.

    Article  Google Scholar 

  • Berrone, P., Cruz, C., & Gómez-Mejía, L. R. (2012). Socioemotional wealth in family firms theoretical dimensions, assessment approaches, and agenda for future research. Family Business Review, 25(3), 258–279.

    Article  Google Scholar 

  • Bertschi-Michel, A., Sirger, P., & Kammerlander, N. (2021). Succession in family-owned SMEs: The impact of advisors. Small Business Economics, 56, 1531–1551.

    Article  Google Scholar 

  • Brändle, L., Berger, E. S. C., Golla, S., & Kuckertz, A. (2018). I am what I am- how nascent entrepreneurs’ social identity affects their entrepreneurial self- efficacy. Journal of Business Venturing Insights, 9, 17–23.

    Article  Google Scholar 

  • Burkart, M., Panunzi, F., & Shleifer, A. (2003). Family firms. Journal of Finance, 58(5), 2167–2201.

    Article  Google Scholar 

  • Burt, R. S., & Burzynska, K. (2017). Chinese entrepreneurs, social networks, and guanxi. Management and Organization Review, 13(2), 221–260.

    Article  Google Scholar 

  • Burt, R. S., & Opper, S. (2020). Political connection and disconnection: Still a success factor for Chinese entrepreneurs. Entrepreneurship Theory and Practice, 44(6), 1199–1128.

    Article  Google Scholar 

  • Cao, J., Cumming, D., & Wang, X. (2015). One-child policy and family firms in China. Journal of Corporate Finance, 33, 317–329.

    Article  Google Scholar 

  • Cardon, M. S., Wincent, J., Singh, J., & Drnovsek, M. (2009). The nature and experience of entrepreneurial passion. Academy of Management Review, 34(3), 511–532.

    Article  Google Scholar 

  • Chen, M., Xiao, J. Z, & Zhao, Y. 2021. Confucianism, successor choice, and firm performance in family firms: Evidence from China. Journal of Corporate Finance, 69, 1–21.

  • Chu, W. (2011). Family ownership and firm performance: Influence of family management, family control, and firm size. Asia Pacific Journal of Management, 28(4), 833–851.

    Article  Google Scholar 

  • Chua, J. H., Chrisman, J. J., & Sharma, P. (2003). Succession and non-succession concerns of familyfirms and agency relationship with nonfamily managers. Family Business Review, 16(2), 89–107.

    Article  Google Scholar 

  • Conger, M., McMullen, J. S., Bergman, B. J., Jr., & York, J. G. (2018). Category membership, identity control, and the reevaluation of prosocial opportunities. Journal of Business Venturing, 33(2), 179–206.

    Article  Google Scholar 

  • Corbetta, G., & Salvato, C. (2004). Self-serving or selfactualizing? Models of man and agency cost in different types of family firms: A commentary on “Comparing the agency cost of family and non family firms: Conceptual issues and exploratory evidence.” Entrepreneurship Theory and Practice, 28, 355–362.

    Article  Google Scholar 

  • Cruz, C., Larraza-Kintana, M., Garcés-Galdeano, L., & Berrone, P. (2014). Are family firms really more socially responsible? Entrepreneurship Theory and Practice, 38(6), 1295–1316.

    Article  Google Scholar 

  • Davis, J., Schoorman, F., & Donaldson, L. (1997). Toward a stewardship theory of management. Academy of Management Review, 22, 20–47.

    Article  Google Scholar 

  • De Massis, A., Sieger, P., Chua, J., & Vismara, S. (2016). Incumbents attitude toward intrafamily succession: An investigation of its antecedents. Family Business Review, 29(1), 44–64.

    Google Scholar 

  • De Massis, A., & Foss, N. J. (2018). Advancing family business research: The promise of micro foundations. Family Business Review, 31(4), 386–396.

    Article  Google Scholar 

  • De Massis, A., Chua, J. H., & Chrisman, J. J. (2008). Factors preventing intra-family succession. Family Business Review, 21(2), 183–199.

    Article  Google Scholar 

  • De Massis, A., Wang, H., & Chua, J. H. (2019). Counterpoint: How heterogeneity among family firms influences organizational change. Journal of Change Management, 19(1), 37–44.

    Article  Google Scholar 

  • Deng, X. (2015). Father-daughter succession in China: Facilitators and challenges. Journal of Family Business Management, 5, 38–54.

    Article  Google Scholar 

  • de la Cruz, M. E., Verdú Jover, A. J., & Gómez Gras, J. M. (2018). Influence of the entrepreneur’s social identity on business performance through effectuation. European Research, 24, 90–96.

    Google Scholar 

  • Dick, M., Wagner, E., & Pernsteiner, H. (2021). Founder-controlled family firms, overconfidence, and corporate social responsibility engagement: Evidence from survey data. Family Business Review, 34(1), 71–92.

    Article  Google Scholar 

  • Dickson, B. J. (2003). Red capitalists in China: The party, private entrepreneurs, and prospects for political change. Cambridge University Press.

    Book  Google Scholar 

  • Doner, R. F., & Schneider, B. R. (2000). Business associations and economic development: Why some associations contribute more than others. Business & Politics, 2(3), 261–288.

    Article  Google Scholar 

  • Du, Q., Yu, F., & Yu, X. (2017). Cultural proximity and the processing of financial information. Journal of Financial and Quantitative Analysis, 52(6), 2703–2726.

    Article  Google Scholar 

  • Dutton, J. E., Roberts, L. M., & Bednar, J. (2010). Pathways for positive identity construction at work: Four types of positive identity and the building of social resources. Academy of Management Review, 35(2), 265–293.

    Google Scholar 

  • Faccio, M. (2006). Politically connected firms. American Economic Review, 96(1), 369–386.

    Article  Google Scholar 

  • Faccio, M. (2010). Differences between politically connected and nonconnected firms: A cross- country analysis. Financial Management, 39(3), 905–928.

    Article  Google Scholar 

  • Fan, X., & Lv, P. (2019). The social composition of China’s private entrepreneurs: Class and cohort differences. Social Science in China, 40(1), 42–62.

    Article  Google Scholar 

  • Fan, G., Wang, X. L., & Zhu, H. P. (2011). Marketization index of China’s provinces. Economic Science Press.

    Google Scholar 

  • Fang, H. C., Singh, K., Kim, T., Marler, L., & Chrisman, J. J. 2021. Family business research in Asia: review and future directions. Asia Pacific Journal of Management, forthcoming.

  • Fu, X., & Zhang, Z. (2019). CFO cultural background and stock price crash risk. Journal of International Financial Markets, Institutions and Money, 62, 74–93.

    Article  Google Scholar 

  • Fuad, M., Thakur, V., & Sinha, A. K. (2021). Entry timing as a mixed gamble in cross-border acquisition waves: A study of family firms. Family Business Review, 34(3), 323–341.

    Article  Google Scholar 

  • Ge, J., Stanley, L. J., Eddleston, K., & Kellermanns, F. W. (2017). Institutional deterioration and entrepreneurial investment: The role of political connections. Journal of Business Venturing, 32(4), 405–419.

    Article  Google Scholar 

  • Gimenez-Jimenez, D., Edelman, L. F., Minola, T., Calabrò, A., & Cassia, L. (2021). An intergeneration solidarity perspective on succession intentions in family firms. Entrepreneurship Theory and Practice, 45(4), 740–766.

    Article  Google Scholar 

  • Greenwood, R., Suddaby, R., & Hinings, C. R. (2002). Theorizing change: The role of professional associations in the transformation of institutionalized fields. Academy of Management Journal, 45, 58–80.

    Article  Google Scholar 

  • Gruber, M., & MacMillan, I. C. (2017). Entrepreneurial behavior: A reconceptualization and extension based on identity theory. Strategic Entrepreneurship Journal, 11(3), 271–286.

    Article  Google Scholar 

  • Gómez-Mejía, L. R., Patel, P. C., & Zellweger, T. M. (2018). In the horns of the dilemma: Socioemotional wealth, financial wealth, and acquisitions in family firms. Journal of Management, 44(4), 1369–1397.

    Article  Google Scholar 

  • Gómez-Mejía, L. R., Cruz, C., Berrone, P., & De Castro, J. (2011). The bind that ties: Socioemotional wealth preservation in family firms. Academy of Management Annals, 5(1), 653–707.

    Article  Google Scholar 

  • Gur, F. A., & Mathias, B. D. (2021). Finding self among others: Navigating the tensions between personal and social identity. Entrepreneurship Theory and Practice, 45(6), 1463–1495.

    Article  Google Scholar 

  • Fauchart, E., & Gruber, M. (2011). Darwinians, communitarians, and missionaries: The role of founder identity in entrepreneurship. Academy of Management Journal, 54(5), 935–957.

    Article  Google Scholar 

  • Hall, A., Melin, L., & Nordqvist, M. (2001). Entrepreneurship as radical change in the family business: The role of cultural patterns. Family Business Review, 14, 193–208.

    Article  Google Scholar 

  • Hambrick, D. C. (2007). Upper echelons theory: An update. Academy of Management Review, 32(2), 334–343.

    Article  Google Scholar 

  • Hambrick, D. C., & Mason, P. A. (1984). Upper echelons: The organization as a reflection of its top managers. Academy of Management Review, 9(2), 193–206.

    Article  Google Scholar 

  • Harveston, P. D., Davis, P. S., & Lyden, J. A. (1997). Succession planning in family business: The impact of owner gender. Family Business Review, 10(4), 373–396.

    Article  Google Scholar 

  • Haslam, C., Jetten, J., Cruwys, T., Dingle, G. A., & Haslam, S. A. (2018). The new psychology of health: Unlocking the social cure. Routledge.

    Book  Google Scholar 

  • Haynes, K. T., Hitt, M. A., & Campbell, J. T. (2015). The dark side of leadership: Towards a mid-range theory of hubris and greed in entrepreneurial contexts. Journal of Management Studies, 52(4), 479–505.

    Article  Google Scholar 

  • He, X., Song, L., Zhu, H., & Li, X. (2014). Why does the family firm want to let go? The perception of the system environment, the political status, and the succession intention of China’s family firms entrepreneurs. Management World, 2, 90–101.

    Google Scholar 

  • Hillier, D., & McColgan, P. (2009). Firm performance and managerial succession in family managed firms. Journal of Business Finance & Accounting, 36(3–4), 461–484.

    Article  Google Scholar 

  • Hoang, H., & Gimeno, J. (2010). Becoming a founder: How founder role identity affects entrepreneurial transitions and persistence in founding. Journal of Business Venturing, 25(1), 41–53.

    Article  Google Scholar 

  • Hogg, M., & Terry, D. (2000). Social identity and self-categorization processes in organizational contexts. Academy of Management Review, 25, 121–140.

    Article  Google Scholar 

  • Hogg, M., Terry, D., & White, K. (1995). A tale of two theories: A critical comparison of identity theory with social identity theory. Social Psychology Quarterly, 58(4), 255–269.

    Article  Google Scholar 

  • Holt, D. T., Pearson, A. W., Payne, G. T., & Sharma, P. (2018). Family business research as a boundary-spanning platform. Family Business Review, 31(1), 14–31.

    Article  Google Scholar 

  • Holtbrugge, D., & Berg, N. (2004). How multinational corporations deal with their socio-political stakeholders: An empirical study in Asia, Europe, and the US. Asian Business and Management, 3, 299–313.

    Article  Google Scholar 

  • Huang, Y. 2008. Capitalism with Chinese characteristics: Entrepreneurship and the state. Cambridge University Press.

  • Hutzschenreuter, T., Kleindienst, I., & Greger, C. (2015). What determines demographic similarity between incumbent CEOs and their successors? A CEO informal power perspective. Managerial and Decision Economics, 36(7), 421–438.

    Article  Google Scholar 

  • Jia, N. (2016). Political strategy and market capabilities: Evidence from the Chinese private sector. Management and Organization Review, 12(1), 75–102.

    Article  Google Scholar 

  • Jia, N., & Mayer, K. J. (2017). Political hazards and firms’ geographic concentration. Strategic Management Journal, 38(2), 203–231.

    Article  Google Scholar 

  • Jiang, D. S., Kellermanns, F. W., Munyon, T. P., & Morris, M. L. (2018). More than meets the eye: A review and future directions for the social psychology of socioemotional wealth. Family Business Review, 31(1), 125–157.

    Article  Google Scholar 

  • Kelleci, R., Lambrechts, F., Voordeckers, W., & Huybrechts, J. (2019). CEO personality: A different perspective on the nonfamily versus family CEO debate. Family Business Review, 32(1), 31–57.

    Article  Google Scholar 

  • Kerai, A., Kumar, V., & Singla, C. 2023. Impact of TMT structural power asymmetry on family firm internationalization. International Business Review, 102134.

  • Kish-Gephart, J. J., & Campbell, J. T. (2015). You don’t forget your roots: The influence of CEO social class background on strategic risk taking. Academy of Management Journal, 58(6), 1614–1636.

    Article  Google Scholar 

  • Kurland, N. B., & McCaffrey, S. J. (2020). Community socioemotional wealth: Preservation, succession, and farming in Lancaster County, Pennsylvania. Family Business Review, 33(3), 244–264.

    Article  Google Scholar 

  • Li, H., Meng, L., & Zhang, J. (2006). Why do entrepreneurs enter politics? Evidence from China. Economic Inquiry, 44(3), 559–578.

    Article  Google Scholar 

  • Li, N. (2008). Religion, opportunism, and international market entry via non-equity alliances or joint ventures. Journal of Business Ethics, 80(4), 771–789.

    Article  Google Scholar 

  • Li, W., Au, K. Y. F., He, A., & Song, L. (2015). Why do family-controlled firms donate to charity? The role of intrafamily succession intention, social status, and religiosity. Management and Organization Review, 11(4), 621–644.

    Article  Google Scholar 

  • Li, J., & Tang, Y. I. (2010). CEO hubris and firm risk taking in China: The moderating role of managerial discretion. Academy of Management Journal, 53(1), 45–68.

    Article  Google Scholar 

  • Liu, X. (2018). Coordination, Domination and Income Distribution: The Structure of Social Stratification in Transitional China. Sociological Study, 33(1), 93–119.

    Google Scholar 

  • Loignon, A. C., & Woehr, D. J. (2018). Social class in the organisational sciences: A conceptual integration and meta-analytic review. Journal of Management, 44(1), 61–88.

    Article  Google Scholar 

  • Long, R. G., & Chrisman, J. J. 2014. Management succession in family business. In L. Melin, M. Nordqvist, & P. Sharma (Eds.), SAGE handbook of family business (pp. 249–268).

  • Lu, F., Kwan, H. K., & Zhu, Z. (2021a). The effects of family firm CEO traditionality on successor choice: The moderating role of socioemotional wealth. Family Business Review, 34(2), 213–234.

    Article  Google Scholar 

  • Lu, F., Kwan, H. K., & Ma, B. (2021b). Carry the past into the future: The effects of CEO temporal focus on succession planning in family firms. Asia Pacific Journal of Management, 34(2), 213–234.

    Google Scholar 

  • Luo, X. R., Yang, L., & He, X. (2020). Can one stone kill two birds? Political relationship building and partner acquisition in new ventures. Entrepreneurship Theory and Practice, 44(4), 817–841.

    Article  Google Scholar 

  • Marshall, J. P., Sorenson, R., Brigham, K., Wieling, E., Reifman, A., & Wampler, R. S. (2006). The paradox for the family firm CEO: Owner age relationship to succession-related processes and plans. Journal of Business Venturing, 21(3), 348–368.

    Article  Google Scholar 

  • Martin, G., Campbell, J. T., & Gomez-Mejia, L. (2016). Family control, socioemotional wealth and earnings management in publicly traded firms. Journal of Business Ethics, 133(3), 453–469.

    Article  Google Scholar 

  • Maury, B. (2006). Family ownership and firm performance: Evidence from Western European Corporations. Journal of Corporate Finance, 12, 321–341.

    Article  Google Scholar 

  • Mazzola, P., Marchisio, G., & Astrachan, J. (2008). Strategic planning in family business: A powerful developmental tool for the next generation. Family Business Review, 21(3), 239–258.

    Article  Google Scholar 

  • McGahan, A. M., & Porter, M. E. (1997). How much does industry matter, really? Strategic Management Journal, 18(S1), 15–30.

    Article  Google Scholar 

  • Medina, I. (2016). Are business associations involved in regional politics? Evidence from Spain and the United Kingdom. European Urban and Regional Studies, 23(3), 389–405.

    Article  Google Scholar 

  • Minichilli, A., Corbetta, G., & MacMillan, I. C. (2010). Top management teams in family-controlled companies: “Familiness”, “faultlines”, and their impact on financial performance. Journal of Management Studies, 47(2), 205–222.

    Article  Google Scholar 

  • Navis, C., & Glynn, M. A. (2010). How new market categories emerge: Temporal dynamics of legitimacy, identity, and entrepreneurship in satellite radio, 1990–2005. Administrative Science Quarterly, 55(3), 439–471.

    Article  Google Scholar 

  • Nadkarni, S., & Chen, J. (2014). Bridging yesterday, today, and tomorrow: CEO temporal focus, environmental dynamism, and rate of new product introduction. Academy of Management Journal, 57(6), 1810–1833.

    Article  Google Scholar 

  • Nelson, T., & Constantinidis, C. (2017). Sex and gender in family business succession research: A review and forward agenda from a social construction perspective. Family Business Review, 30(3), 219–241.

    Article  Google Scholar 

  • Pan, N. D., Gruber, M., & Binder, J. (2019). Painting with all the colors: The value of social identity theory for understanding social entrepreneurship. Academy of Management Review, 44(1), 213–226.

    Article  Google Scholar 

  • Parada, M. J., Nordqvist, M., & Gimeno, A. (2010). Institutionalizing the family business: The role of professional associations in fostering a change of values. Family Business Review, 23(4), 355–372.

    Article  Google Scholar 

  • Popli, M., Ahsan, F. M., & Mukherjee, D. (2022). Upper echelons and firm internationalization: A critical review and future directions. Journal of Business Research, 152, 505–521.

    Article  Google Scholar 

  • Powell, E., & Baker, E. (2014). It’s what you make of it: Founder identity and enacting strategic responses to adversity. Academy of Management Journal, 57(5), 1406–1433.

    Article  Google Scholar 

  • Qian, Y., & Weingast, B. R. (1997). Federalism as a commitment to preserving market incentives. Journal of Economic Perspectives, 11(4), 83–92.

    Article  Google Scholar 

  • Qiao, P., Lv, M., & Zeng, Y. (2020). R&D intensity, domestic institutional environment, and SMEs’ OFDI in emerging markets. Management International Review, 60, 939–973.

    Article  Google Scholar 

  • Rao-Nicholson, R., & Cai, C. (2020). The effects of ownership identity on corporate diversification strategy of Chinese companies in foreign markets. Asia Pacific Journal of Management, 37, 91–126.

    Article  Google Scholar 

  • Rona-Tas, A. (1994). The first shall be last? Entrepreneurship and communist cadres in the transition from socialism. American Journal of Sociology, 100(1), 40–69.

    Article  Google Scholar 

  • Sacristán-Navarro, M., Gómez-Ansón, S., & Cabeza-García, L. (2011). Family ownership and control, the presence of other large shareholders, and firm performance: Further evidence. Family Business Review, 24(1), 71–93.

    Article  Google Scholar 

  • Salvato, C., Chirico, F., & Sharma, P. (2010). A farewell to the business: Championing exit and continuity in entrepreneurial family firms. Entrepreneurship and Regional Development, 22, 321–348.

    Article  Google Scholar 

  • Salvato, C., & Melin, L. (2008). Creating value across generations in family-controlled businesses: The role of family social capital. Family Business Review, 21, 259–276.

    Article  Google Scholar 

  • Sarasvathy, S. D. (2001). Causation and effectuation: Toward a theoretical shift from economic inevitability to entrepreneurial contingency. Academy of Management Review, 26(2), 243–263.

    Article  Google Scholar 

  • Sharma, P., Chrisman, J. J., & Chua, J. H. (2003). Succession planning as planned behavior: Some empirical results. Family Business Review, 16(1), 1–15.

    Article  Google Scholar 

  • Shen, N., & Su, J. (2017). Religion and succession intention— Evidence from Chinese family firms. Journal of Corporate Finance, 45, 150–161.

    Article  Google Scholar 

  • Shi, W., Sun, S. L., & Peng, M. W. (2012). Sub-national institutional contingencies, network positions, and IJV partner selection. Journal of Management Studies, 49(7), 1221–1245.

    Article  Google Scholar 

  • Schulze, W. S., Lubatkin, M. H., Dino, R. N., & Buchholtz, A. K. (2001). Agency relationships in family firms: Theory and evidence. Organization Science, 12, 99–116.

    Article  Google Scholar 

  • Sieger, P., Gruber, M., Fauchart, E., & Zellweger, T. (2016). Measuring the social identity of entrepreneurs: Scale development and international validation. Journal of Business Venturing, 31(5), 542–572.

    Article  Google Scholar 

  • Stets, J. E., & Burke, P. J. (2000). Identity theory and social identity theory. Social Psychology Quarterly, 63(3), 224–237.

    Article  Google Scholar 

  • Strike, V. M., Berrone, P., Sapp, S. G., & Congiu, L. (2015). A socioemotional wealth approach to CEO career horizons in family firms. Journal of Management Studies, 52(4), 555–583.

    Article  Google Scholar 

  • Tajfel, H., & Turner, J. C. (1979). An integrative theory of intergroup conflict. Social Psychology of Intergroup Relations, 33(47), 74.

    Google Scholar 

  • Umans, I., Lybaert, N., Steijvers, T., & Voordeckers, W. (2021). The family CEO’s effect on succession planning: Founder status, difficulties with letting go and gender differences. Gender in Management: An International Journal, 36(5), 659–673.

    Article  Google Scholar 

  • Vandekerkhof, P., Steijvers, T., Hendriks, W., & Voordeckers, W. (2015). The effect of organizational characteristics on the appointment of nonfamily managers in private family firms: The moderating role of socioemotional wealth. Family Business Review, 28(2), 104–122.

    Article  Google Scholar 

  • Wagenschwanz, A. M. (2021). The identity of entrepreneurs: Providing conceptual clarity and future directions. International Journal of Management Reviews, 23(1), 64–84.

    Article  Google Scholar 

  • Wangrow, D. B., Schepker, D. J., & Barker, V. L. (2015). Managerial discretion: An empirical review and focus on future research directions. Journal of Management, 41(1), 99–135.

    Article  Google Scholar 

  • Wei, Q., Luo, J.-H., & Huang, X. (2020). Influence of social identity on family firms’ FDI decisions: The moderating role of internal capital markets. Management International Review, 60, 651–693.

    Article  Google Scholar 

  • Wry, T., & York, J. G. (2017). An identity-based approach to social enterprise. Academy of Management Review, 42(3), 437–460.

    Article  Google Scholar 

  • Xu, N., Yuan, Q., Jiang, X., & Chan, K. C. (2015). Founder’s political connections, second generation involvement, and family firm performance: Evidence from China. Journal of Corporate Finance, 33, 243–259.

    Article  Google Scholar 

  • Yan, J., & Sorenson, R. (2006). The effect of Confucian values on succession in family business. Family Business Review, 19(3), 235–250.

    Article  Google Scholar 

  • Yang, X., Li, J., Stanley, L. J., Kellermanns, F. W., & Li, X. (2020). How family firm characteristics affect internationalization of Chinese family SMEs. Asia Pacific Journal of Management, 37, 417–448.

    Article  Google Scholar 

  • Yiu, D. W. (2010). Multinational advantages of Chinese business groups: A theoretical exploration. Management and Organization Review, 7(2), 249–277.

    Article  Google Scholar 

  • Zhao, H., & Lu, J. (2016). Contingent value of political capital in bank loan acquisition: Evidence from founder-controlled private enterprises in China. Journal of Business Venturing, 31(2), 153–174.

    Article  Google Scholar 

  • Zhou, Y., Hu, Q., Yao, J., & Qin, X. (2016). The determinants of family business owners’ intrafamily succession intention: An interplay between business owners and institutional environment. Chinese Management Studies, 10(4), 710–725.

    Article  Google Scholar 

  • Zuzul, T., & Tripsas, M. (2020). Start-up inertia versus flexibility: The role of founder identity in a nascent industry. Administrative Science Quarterly, 65(2), 395–433.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Zhiyong Niu.

Ethics declarations

Conflict of interest

The authors declare that they have no competing interests.

Ethical approval

This paper does not contain any studies with human participants performed by any of the authors.

Additional information

Publisher's note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Rights and permissions

Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Niu, Z., Pei, H., Sheng, W. et al. The influence of founders’ membership status on transgenerational succession intention in family business: Evidence from China. Asia Pac J Manag (2023). https://doi.org/10.1007/s10490-023-09895-4

Download citation

  • Accepted:

  • Published:

  • DOI: https://doi.org/10.1007/s10490-023-09895-4

Keywords

Navigation