Government and family Guanxi in Chinese private firms: perceptions and preference
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- 作者：Zhong Qin ; Xin Deng
- 关键词：Organisational networks ; Resource ; based view ; Dynamic capability ; Guanxi ; Private firms ; Family business ; China ; M1 ; P3
- 刊名：Review of Managerial Science
- 出版年：2016
- 出版时间：January 2016
- 年：2016
- 卷：10
- 期：1
- 页码：35-60
- 全文大小：505 KB
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Xin Deng (2)
1. School of Business, Shantou University, 243 Daxue Road, Shantou, 515063, Guangdong, China
2. Centre of Regulation and Market Analysis, School of Commerce, University of South Australia, GPO Box 2471, Adelaide, SA, 5001, Australia - 刊物主题：Business/Management Science, general;
- 出版者：Springer Berlin Heidelberg
- ISSN：1863-6691
文摘
This paper examines the role of family ties in private firms in China. Drawing on social capital theory, we argue that family ties can be valuable assets for running businesses, and should be studied as a separate type of managerial ties. Government ties are then used as a benchmark to demonstrate the difference between family and government ties in four dimensions: face, affection, reciprocity and trust. Taking the resource-based view, we argue that Guanxi network is a dynamic capability that evolves in response to the changing operating environment and a firm’s lifecycle. A survey of 296 private firms in China is utilized to explore antecedents of managers’ perceptions and their preference between government and family ties. We find that a volatile operating environment is the most important factor that is linked to the perceived importance of government and family ties. In addition, we find younger firms are more likely to value family ties highly, while perceived importance of government ties increases with the size of the firm. This study contributes to the literature by adding an extra domain, family ties, to managerial ties and highlights the importance of family ties for fledgling firms. It provides further evidence on the role of managerial ties in mitigating operational uncertainties, and sheds light on the different roles that family and government ties play. Keywords Organisational networks Resource-based view Dynamic capability Guanxi Private firms Family business China