Jin Chenfei, Wu Bao, Hu Yingjie
China Institute for Small and Medium Enterprises, Zhejiang University of Technology, Hangzhou, China.
School of Management, Zhejiang University of Technology, Hangzhou, China.
Front Psychol. 2021 Apr 22;12:667615. doi: 10.3389/fpsyg.2021.667615. eCollection 2021.
This study investigates the internationalization (i. e., foreign investment) of small family businesses by classifying the effects of external socioemotional wealth (family reputation) vs. internal socioemotional wealth (family involvement). The study involved 2,704 small family businesses in China, and the results support the hypothesis that family reputation has a positive effect on internationalization, while family involvement has a negative effect on internationalization. Moreover, entrepreneurial spirit reinforces the positive effect of family reputation on internationalization and enhances the negative relationship between family involvement and internationalization. This study contributes by examining the effect of entrepreneurial spirit as a potential balancing factor for the paradoxical influence of internal vs. external socioemotional wealth.
本研究通过对外部社会情感财富（家族声誉）与内部社会情感财富（家族参与度）的影响进行分类，来探究小型家族企业的国际化（即对外投资）情况。该研究涉及中国的2704家小型家族企业，研究结果支持了以下假设：家族声誉对国际化具有积极影响，而家族参与度对国际化具有负面影响。此外，创业精神强化了家族声誉对国际化的积极影响，并增强了家族参与度与国际化之间的负相关关系。本研究通过考察创业精神作为内部与外部社会情感财富矛盾影响的潜在平衡因素的作用，做出了贡献。
