Research On Internationalization Strategy Of Family Firm From The Perspective Of Socioemotional Wealth

As the proposition of“Silk Road Economic Belt”and“Maritime Silk Route in the 21~stt Century”,more and more enterprises join in the ranks of Internationalization,as well as family firms which existed as the pillars of national economy.In 2007,Gomez-Mejia came up with the socioemotional wealth theory,which provides a new angle for the research of family firms.Based on the theory,this thesis researched the international strategic choice of family firms,of which the results,on one hand,enriched the theory of socioemotional wealth;on the other hand,they deepen our understanding of the special tendency of the strategic choice of family firms,which can strengthen the international strategic guidance.After an extensive reading of relative literature,the author organized this thesis in five parts.Firstly,the author made a literature review on family firms and their internationalization,and the theory of socioemotional wealth,which functions as the theoretical support of the main research.Secondly,socioemotional wealth is divided into family control,family participation,government and business relations,family affections and family succession desire five new dimensions,according to the dormer researches and our national economic and cultural conditions.The relation between the international strategic choice of family firms and these five dimensions is also analyzed to lay a foundation for the research hypothesis.Thirdly,the research hypothesis is put forward and model building is designed and the variable index is determined.Fourthly,the author used SPSS20.0 to conduct descriptive statistics,correlation analysis,regressive analysis and stability check to test hypothesis.Finally,the author made a conclusion of the research,made suggestions,pointed out the disadvantages and gave future proposals.Through theoretical analysis and empirical research,this thesis finds that different dimensions of socioemotional wealth would influence the international strategic choice of family firms.In another word,the relationship between family participation,the government relations,the family succession desire and international strategic choice has been verified;the negative relationship between family control and international strategy is not significant,the assumptions have not been verified,the negative relationship between the choice of internationalization strategy and the family emotion is not been verified,reject the null hypothesis.