CEO继任模式与家族企业国际化变动程度——基于制度逻辑视角的实证研究  

CEO Succession Patterns and the Degree of Family Business Internationalization Change:An Empirical Research Based on Institutional Logic

作　　者：曾颖娴 邹立凯 梁强[2,3] Zeng Yingxian;Zou Likai;Liang Qiang(School of Business,Sun Yat-sen University,Guangzhou 510275,China;School of Business,Shantou University,Shantou 515063,China;Chaoshang Innovation and Entrepreneurship Research Center,Shantou University,Shantou 515063,China)

机构地区：[1]中山大学管理学院,广东广州510275 [2]汕头大学商学院,广东汕头515063 [3]汕头大学潮商创新创业研究中心,广东汕头515063

出　　处：《外国经济与管理》2024年第2期3-18,共16页Foreign Economics & Management

基　　金：国家自然科学基金项目(72202127,71972119);国家自然科学基金重点国际(地区)合作研究项目(71810107002);汕头大学科研启动经费项目(STF22002)。

摘　　要：本文基于制度逻辑视角,以中国A股上市家族企业为样本,通过CEO继任前后的国际化变动程度的对比,分别探究二代成员和非家族成员继任CEO与家族企业国际化变动程度的关系,并探索影响这一关系的组织情境的异质性因素。研究发现,二代继任CEO后国际化变动程度低于一代CEO在任时;非家族成员继任CEO后国际化变动程度高于一代CEO在任时。进一步研究发现,家族所有权将弱化二代继任CEO后对国际化变动程度的负向效应和非家族成员继任CEO后对国际化变动程度的正向效应。而较差的企业绩效将强化二代继任CEO对国际化变动程度的负向效应和非家族成员继任CEO对国际化变动程度的正向效应。This paper uses the sample data of A-share listed family businesses in China from 2004 to 2017 to conduct an empirical test.The results show that:Compared with the first-generation CEO,the second-generation CEO has insufficient legitimacy of family authority,and the degree of internationalization change after the succession is lower than that of the first generation;compared with the first-generation CEO,the succession of non-family members will deepen the market logic,and the degree of internationalization change after the succession is higher than that of the first generation.Further research finds that:Family ownership will weaken the negative effect of the second-generation CEO succession on the degree of internationalization change,and weaken the positive effect of nonfamily-member CEO succession on the degree of internationalization change;poor corporate performance will strengthen the negative effect of the second-generation CEO succession on the degree of internationalization change,and strengthen the positive effect of non-family-member CEO succession on the degree of internationalization change.The contributions of this paper are as follows:First,it expands the dynamic research on family business internationalization based on the inheritance background,and reveals that the two sources of CEOs from inside and outside the family will bring dynamic changes and differences in internationalization.Second,based on the perspective of institutional logic,it provides an explanation for the relationship between CEO succession pattern and internationalization change in family businesses,and enriches other structural factors that affect CEO strategic decisions.Third,it deepens the internal relationship between CEO change and family business strategic change,and reveals that the strategic change after CEO change is closely related to the institutional context.

关 键 词：CEO继任 国际化变动程度 制度逻辑 家族企业 代际传承 

分 类 号：F270[经济管理—企业管理]