Document Type
Article
Publication Date
2021
Journal / Book Title
Journal of Family Business Strategy
Abstract
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.
MSU Digital Commons Citation
Lu, Feifei; Zhu, Zhu; and He, Xiaogang, "Aspirations of Chinese families-in-business: Development of a reliable measurement instrument" (2021). Department of Management Faculty Scholarship and Creative Works. 47.
https://digitalcommons.montclair.edu/management-facpubs/47
Published Citation
Lu, F., Zhu, Z., & He, X. (2021). Aspirations of Chinese families-in-business: Development of a reliable measurement instrument. Journal of Family Business Strategy, 12(4), 100441.