Adoption Of Professional Management In Chinese Family Business: A Multilevel Analysis Of Impetuses And Impediments

摘要

Building upon the market, institutional, and cultural perspectives, this paper identifies the major impetuses and impediments that affect the professional-ization of Chinese family business at the environment, firm, and owner levels. Our integrative framework projects that whether a family business owner will adopt professional managers is largely determined by the relative strength of impetus factors and impediment factors. We then discuss the possible governance choices under different configuration of impetuses and impediments. This theoretical framework is expected to help set the momentum for further conceptual exploration and empirical study in this area.