企业管理系学术讲座系列2022年第2讲

主 题：Back to The Lineage: The Influence of Clan Embeddedness on Family Firms’ Financial Misconduct

主讲人: 陈丹阳（新加坡国立大学博士生）

时 间：2022-03-10 10:00

地 点：线上会议室

语 言：中英文

讲座摘要：

Recent studies have highlighted the role of family control in corporate financial misconduct. To understand the complex nature of the strategy of family firms, this study focuses on controlling families’ social networks, discusses their relations with their lineage groups, and examines the influence of such social relations on corporate misconduct. We theorize that leaders grounded in lineage-based networks are motivated to prioritize family social and economic wealth in decision-making to the detriment of other stakeholders. Testing our theory in the context of Chinese clans, typical lineage communities preserved in China, we find that family firms with the strong clan background exhibit a Janus-faced strategy that borders on financial misconduct, i.e., they engage in illegal insider trading or aggressive accounting to satisfy the controlling family’s economic interests while simultaneously avoiding frauds on public financial reports to protect the firm’s reputation. Such a Janus-faced strategy is more likely to be found in Chinese family firms when the connection of clan networks with family firms is strengthened. This study contributes to our understanding of the family-driven rationality in controlling families’ decision-making and their attitudes towards different kinds of financial misconduct.

主讲人简介：

Danyang Chen is a Ph.D. candidate in strategy at the NUS business school, expected to graduate in 2022. Her research lies at the intersection of the family business, entrepreneurship, and social networks, with an emphasis on the influence of organizational social networks and informal institutions on the strategy and firm value of family firms and politically connected firms. Her dissertation research contributes to the literature of institutional complexity to reveal how kinship networks and political connections fashion family firms’ response to formal institutions on the market (i.e., financial misconduct). She also has several ongoing projects studying 1) how personal social networks play in individuals’ serial entrepreneurship and team innovation, and family firm governance through comparing the effect of clans and chambers of commerce; 2) the role of socio-emotional wealth logics and succession strategy in the family business; 3) and corporate governance under the firm scandal.