Advances in Economics, Management and Political Sciences

- The Open Access Proceedings Series for Conferences


Proceedings of the 2023 International Conference on Management Research and Economic Development

Series Vol. 20 , 13 September 2023


Open Access | Article

Technology Enables Sustainable Development: Family Business Succession under Digital Transformation

Haoyu Cheng * 1
1 Shandong University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 20, 15-24
Published 13 September 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Haoyu Cheng. Technology Enables Sustainable Development: Family Business Succession under Digital Transformation. AEMPS (2023) Vol. 20: 15-24. DOI: 10.54254/2754-1169/20/20230165.

Abstract

In the dual context of digital transformation and intergenerational inheritance of family enterprises, digital transformation, balanced intergenerational inheritance and de-familization model will jointly contribute to the performance of family enterprises. This paper takes Chinese A-share-listed family enterprises as the research objective. Stata17.0 statistical software is used to describe and regress the data of family enterprises in the fiscal years from 2015 to 2020. The results show that digital transformation has a negative impact on the performance of family enterprises, but the balance between intergenerational inheritance and de-familization will have a positive impact on the performance of family enterprises.

Keywords

digital transformation, family business, intergenerational inheritance, de-familization, performance

References

1. Saer Su. Research on the digital transformation of family enterprises promoted by new generation entrepreneurs in Ningbo[J]. Ningbo Economy(Three Rivers Forum),2022(01):3-5+13.

2. Kohtamoki M..The Relationship Between Digitalization and Servitization:The Role of Servitization in Capturing the Financial Potential of Digitalization[J].Technolifical Forecasting and Social Change,2020,151(2):1-9.

3. C.B. Yang, Y.S. Dong, L.Q. Yang. Digitalization, servitization and firm performance of manufacturing firms--a study based on a moderating mediator model [J]. Enterprise Economics, 2021(2):35-43.

4. Yu Deng. "Doing the right thing versus doing the right thing": a resource orchestration perspective on entrepreneurial firm performance[J]. Foreign Economics and Management, 2021, 43(5): 34-46.

5. I.D. Qi, C.W. Cai. A study on the multiple effects of digitalization on the performance of manufacturing firms and its mechanism[J]. Learning and Exploration,2020(07):108-119.

6. Chen Mengyuan,Xiao Jason Zezhong,Zhao Yang. Confucianism, successor choice, and firm performance in family firms: Evidence from China[J]. Journal of Corporate Finance,2021,69.

7. Wei-Ning Li, Shi-Hao Xu & Wei. Li. Second-generation growth experiences and family firm portfolio entrepreneurship: based on a branding theory perspective. Foreign Economics and Management [J].2021(07):126-140.

8. Schulze W S, Lubatkin M H, Dino, R N. Exploring the agency consequences of ownership dispersion among the directors of private family firms [J]. Academy of Management Journal,2003,46(2): 179-194.

9. Xiaogang He, Xinchun Li, Yanling Lian. Power concentration of family members and firm performance--a study of family listed companies[J]. Journal of Management Science,2011,14(5):86-96.

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:

1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.

2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.

3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).

Volume Title
Proceedings of the 2023 International Conference on Management Research and Economic Development
ISBN (Print)
978-1-915371-83-6
ISBN (Online)
978-1-915371-84-3
Published Date
13 September 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/20/20230165
Copyright
13 September 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated