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001-es BibID:BIBFORM126598
035-os BibID:(Scopus)85214298758
Első szerző:Xie, Peijun
Cím:How does intergenerational transmission affect green innovation? Evidence from Chinese family businesses / Peijun Xie, Jian Wang, Shiyi Tang, Irum Shahzadi, Yuriy Bilan
Dátum:2025
ISSN:0954-349X
Megjegyzések:Green innovation in family businesses is a significant yet underexplored area of research, particularly with regard to the influence of dynamic succession characteristics on intergenerational inheritance and its impact on inno vation. This study, integrating the social-emotional wealth theory (SEW) and the agency theory, examines 505 Chinese listed family firms spanning from 2011 to 2020. Employing the Difference-in-Differences (DID) method, we investigate how intergenerational inheritance affects green innovation investment over time. Our findings reveal that initially, intergenerational transmission tends to inhibit green innovation investment in family businesses; however, this effect diminishes as the intergenerational process unfolds, indicative of the maturation of the second generation. Notably, we observe that a higher education level among second-generation heirs weakens the inhibitory effect of intergenerational inheritance on green innovation investment. This study ad dresses a gap in green innovation research by considering intergenerational transmission dynamics in family businesses, thus enhancing our understanding of innovation behaviors within this context. By synthesizing SEW and agency theory, this research offers novel insights into the varying impacts of intergenerational inheritance on firm innovation, shedding light on approaches to reconcile the willingness-ability paradox in family business innovation and promoting effective governance of succession processes.
Tárgyszavak:Társadalomtudományok Gazdálkodás- és szervezéstudományok idegen nyelvű folyóiratközlemény külföldi lapban
folyóiratcikk
Family businesses
Intergenerational inheritance
Green innovation
Social-emotional wealth
Megjelenés:Structural Change and Economic Dynamics. - 73 (2025), p. 158-169. -
További szerzők:Wang, Jian Tang, Shiyi Shahzadi, Irum Bilan, Yuriy
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