Research On Family Involvement And Internationalization Of Family Business

Family business is the main body of private enterprises in China,and it is an important part of the national economy.In recent years,with the formulation and implementation of the national “going-out” strategy,especially “the Belt and Road” initiative in 2013,it has provided a major opportunity for the internationalization of family businesses in Chongqing.Chongqing is at the junction of “the Belt and Road” and the Yangtze River Economic Belt,and plays an indispensable role in the development of the country's regional and opening up,more and more Chongqing family enterprises are participating in international business activities at present.In addition to the influence of external business environment factors,family businesses themselves also have factors that hinder their internationalization,such as family governance structure,intergenerational inheritance and so on.This paper takes the private enterprises in Chongqing,which are owned by business owners and family members and have international business with the shareholding ratio of not less than 50%,as the research object.Firstly,it analyzes the internationalization status of family enterprises in Chongqing,including the depth,breadth,speed and mode of internationalization of family enterprises.Secondly,the influence of family involvement on the internationalization of family business is analyzed by case study and econometric analysis.Finally,according to the research conclusions,this paper puts forward countermeasures and suggestions for the internationalization of family enterprises.The main research conclusions are as follows :(1)At the present stage,the depth of internationalization of family enterprises in Chongqing is relatively low,and the differences are large;At the present stage,the scope of internationalization of family enterprises in Chongqing is small and the difference is great;At the present stage,the initial speed of internationalization of family enterprises in Chongqing is relatively slow;At the present stage,the international market entry mode of family enterprises in Chongqing is mainly based on export trade,and a small number of family enterprises choose contract agreements and set up sales offices abroad.(2)There is a significant positive correlation between family ownership and internationalization of family business;There is a significant negative correlation between family management and family business internationalization;There is a significant positive correlation between family succession intention and family business internationalization;There is a significant positive correlation between the involvement of the second generation of the family and the internationalization of the family business.(3)Family enterprises should optimize their ownership structure,promote the professionalization of their management team,and pay attention to the selection and training of corporate heirs,so as to ensure the smooth implementation of the internationalization strategy.The main theoretical and practical contributions of this study are as follows: On the theoretical level,this paper reveals the current situation of the internationalization of family businesses in Chongqing,and explores the relationship between family involvement and the internationalization of family businesses,and promotes the study of their relationship.The study of the relationship can provide a theoretical basis for future research on family involvement and the internationalization of family business;On the practical level,this study can also produce policy implications for the internationalization of family businesses,which can provide a reference for family business practice managers and other relevant departments to formulate relevant international strategies.