TY - JOUR
T1 - Aspirations of Chinese families-in-business
T2 - Development of a reliable measurement instrument
AU - Lu, Feifei
AU - Zhu, Zhu
AU - He, Xiaogang
N1 - Funding Information:
The author(s) disclosed receipt of the following financial support for the research, authorship, and/or publication of this article: National Natural Science Foundation of China , No. 71702195 .
Publisher Copyright:
© 2021 Elsevier Ltd
PY - 2021
Y1 - 2021
N2 - Although previous studies have recognized the contingent nature of family firms’ aspirations, they have largely neglected cross-cultural heterogeneity. Drawing on the behavioral theory and socio-emotional wealth perspective (SEW), we reexamine the construct of family aspirations in a Chinese context. We argue that Chinese family firms have culturally specific aspirations that can influence their strategic behaviors. Based on a three-phase study employing both qualitative and quantitative methods, we develop and validate a measure of aspirations of Chinese families-in-business. Six dimensions of Chinese family aspirations are explored: family harmony, financial wealth, health and longevity, continuity of family line, family honor and guanxi, and great ambitions for the younger generation. Our findings also identify a set of topics that can be pursued in future research using our Chinese family aspirations scale.
AB - Although previous studies have recognized the contingent nature of family firms’ aspirations, they have largely neglected cross-cultural heterogeneity. Drawing on the behavioral theory and socio-emotional wealth perspective (SEW), we reexamine the construct of family aspirations in a Chinese context. We argue that Chinese family firms have culturally specific aspirations that can influence their strategic behaviors. Based on a three-phase study employing both qualitative and quantitative methods, we develop and validate a measure of aspirations of Chinese families-in-business. Six dimensions of Chinese family aspirations are explored: family harmony, financial wealth, health and longevity, continuity of family line, family honor and guanxi, and great ambitions for the younger generation. Our findings also identify a set of topics that can be pursued in future research using our Chinese family aspirations scale.
KW - Behavioral theory of the firm
KW - Chinese context
KW - Family aspirations
KW - Scale development
KW - Socio-emotional wealth
UR - http://www.scopus.com/inward/record.url?scp=85110606480&partnerID=8YFLogxK
U2 - 10.1016/j.jfbs.2021.100441
DO - 10.1016/j.jfbs.2021.100441
M3 - Article
AN - SCOPUS:85110606480
SN - 1877-8585
JO - Journal of Family Business Strategy
JF - Journal of Family Business Strategy
M1 - 100441
ER -