Author(s)

Yutai Liu ¹

Affiliation(s)

¹ University of Munich, Munich, Germany

Corresponding Author

Yutai Liu

ABSTRACT

Family business innovation has regained public and academic attention and has become an essential part of economic healthy growth in China. In light of the ongoing theoretical discussion regarding the research on family business innovation, this study aims to investigate the impact of various management models on family business innovation from the perspective of the heterogeneity of family businesses. Additionally, this article discusses the moderating effect of the political connections. The findings indicate that authoritative governance appears to have a negative impact on family business innovation, while intergenerational inheritance seems to have the effect of fostering innovation. When the moderating variable of political connection is taken into consideration, it will increase the impact of authoritative governance on innovation, which is a factor that inhibits innovation. However, it becomes more challenging when considering the effect of intergenerational inheritance. This study incorporates the theoretical arguments on family business innovation research. Based on the heterogeneity perspective, it includes remedies and ideas for transforming and upgrading family businesses according to the results.

KEYWORDS

Heterogeneity, Family Business, Innovation

CITE THIS PAPER

Yutai Liu, Heterogeneity of Family Business Innovation in China. Accounting and Corporate Management (2024) Vol. 6: 170-183. DOI: http://dx.doi.org/10.23977/acccm.2024.060321.

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