This special collection examines Chinese family businesses navigating intergenerational succession as they approach the 50-year anniversary of China's economic reforms. The collection addresses how family firms balance continuity with renewal as founders transfer leadership to successors, focusing particularly on socioemotional wealth—the noneconomic priorities that family firms pursue, such as preserving family control, maintaining family identity, and ensuring transgenerational continuity.
Chinese family firms provide a distinctive context for advancing family business theory. Unlike Western family enterprises that evolved within stable institutional environments, contemporary Chinese firms emerged after market reforms and now experience large-scale waves of succession amid shifts in economic institutions, governance expectations, and societal values. Successors assume leadership while navigating the coexistence of traditional Confucian principles emphasizing family continuity with modern market logics, professional management practices, and global stakeholder expectations.
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