OFDI速度影响着企业国际化的收益与风险,对于战略决策者来说颇具挑战,目前有关家族企业OFDI速度是积极的还是保守的仍缺乏共识。本文基于企业行为理论,聚焦于家族企业的创始人控制,认为创始人的企业家和家长双重身份赋予了其创业精神和长期导向,从而使家族企业在OFDI机会探索和风险承担方面表现出独特性。基于2003—2019年中国沪深上市家族企业的实证结果,本研究表明:相对于非创始人控制,创始人控制能促进家族企业的OFDI速度;行业竞争性增强了创始人控制与OFDI速度的正向关系,地区市场化程度削弱了创始人控制与OFDI速度的正向关系。进一步研究表明,创始人控制分别与二代控制和职业经理人控制相比更能促进家族企业OFDI速度;创始人父子共治期会抑制OFDI速度,而创始人的数量并不影响OFDI速度;创始人控制会更偏向于促进家族企业进入非发达经济体的OFDI速度。研究结论揭示了不同家族企业OFDI扩张速度的差异,深化了两类不同的家族控制类型对企业OFDI战略行为的影响,对家族企业的治理与OFDI扩张具有一定的实践启示。
创始人控制对家族企业OFDI速度的影响研究
摘要
参考文献
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引用本文
唐继凤, 邹立凯, 李新春. 创始人控制对家族企业OFDI速度的影响研究[J]. 外国经济与管理, 2026, 48(2): 23-44.
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