Abstract This paper is to develop direct measurement of socioemotional wealth(SEW), and to explore the effect of SEW on family firms’ internationalization, also to examine the moderating role of environmental dynamism in this relationship. A sample of manufacturing family firms in Zhejiang and Chongqing is selected, and factor analysis and multiple regress analysis are performed for the purpose of this study. The results indicate that four major dimensions of SEW may be identified in Chinese family firms, that is, family control, family members’ identification with the firm, conservation of social capital, and the vision of family generational succession. The results also show that the vision of family generational succession positively influences family firms’ internationalization, whereas conservational of social capital negatively influence family firms’ internationalization. The moderating test results show, with the increase of domestic environmental dynamism, the strength of the positive relationship between the vision of family generational succession and family firms’ internationalization is decreased, and the strength of the negative relationship between conservation of social capital and family firms’ internationalization is increased.
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Received: 01 July 2015
Published: 15 April 2016
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Corresponding Authors:
ZHOU Lixin
E-mail: lxzhou@ctbu.edu.cn
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