企业管理系学术讲座系列2022年第5讲

主 题：A STRAW IN THE WIND: MEIDA OPINION ON FAMILY MEMBERS AND ANALYST RESPONSES DURING FAMILY FIRM SUCCESSION

主讲人: 张闫龙（北京大学光华管理学院副教授）

时 间：2022-03-31 10:00

地 点：线上会议室

语 言：中英文

讲座摘要：

This study explores how business media opinion on family members affect analyst stock recommendations during family firms’ intergenerational successions. Through field interviews and data analyses on a sample of Chinese publicly listed family firms, we find evidence suggesting that analysts tend to view the process from a system perspective and employ contextually embedded and relational specific cognitive schemas when understanding the performance implications of family dynamics. Our results show that positive media opinion on successors can increase analyst recommendations, but such effects may be attenuated by favorable media opinion about founders. This founders’ shadow effect is less pronounced among father-daughter and founder-nonblood heirs than it is for father-son dyads. Moreover, favorable media opinion about successors siblings may increase analysts’ worry about sibling rivalry and thus leads to lower recommendations. We discussed the theoretical and practical implications of our study to the institutional logics, securities analysts, and family firm literature.

主讲人简介：

张闫龙现任北京大学光华管理学院组织与战略管理系副教授，教育部“青年长江学者”，MBA项目执行主任，北京大学国家高新技术开发区发展战略研究院副院长。2002年和2005年分别获得北京大学社会学学士、硕士学位；2012年获得美国杜克大学社会学博士学位。研究领域主要包括组织理论、社会网络、企业社会责任、创新创业、制度扩散。在Academy of Management Journal, Organization Science, Academy of Management Annals, Journal of Business Venturing, Social Networks等国内外管理学和社会学期刊上发表学术论文数十篇。现任Management and Organization Review (MOR) 高级编辑。2016年获得北京大学教学优秀奖，教育部英语授课品牌奖。2018年获北京大学青年教师教学比赛一等奖。2020年获嘉里集团郭氏基金树人奖教金。2021年获得北京市高校首届教学创新比赛一等奖。