Governments' new policy frequency and firms' performance in an emerging industry: the difference between family and non-family firms

被引：8
作者：
Cai, Li [1 ]
Gao, Xin [1 ]
Ling, Yan [2 ]
Kellermanns, Franz W. W. [3 ,4 ]
机构：
[1] Jilin Univ, Sch Business & Management, 2699 Qianjin St, Changchun 130000, Jilin, Peoples R China
[2] Oakland Univ, Dept Management & Mkt, Elliot Hall 341,275 Varner Dr, Rochester, MI 48309 USA
[3] Univ N Carolina, Dept Management, 9201 Univ City Blvd, Charlotte, NC 28223 USA
[4] WHU Otto Beisheim Sch MGMT, 9201 Univ City Blvd, Charlotte, NC 28223 USA
来源：
INTERNATIONAL ENTREPRENEURSHIP AND MANAGEMENT JOURNAL | 2023年 / 19卷 / 04期
基金：
中国国家自然科学基金;
关键词：
Goverment policy; Family firms; Emerging industry; Institutional change; New-energy automobile industry; ENERGY VEHICLE INDUSTRY; RESOURCE-BASED VIEW; PUBLIC-POLICY; INSTITUTIONAL CHANGE; ENTREPRENEURSHIP; BUSINESS; INNOVATION; STRATEGY; CHINA; INSTRUMENTS;
D O I：
10.1007/s11365-023-00864-3
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We examine how new policy frequency affects performance in the new-energy automobile companies from the industry's inception to the present in China and distinguish the performance implication between family and non-family firms. We argue and find support that an inverted U-shaped relationship exists between new policy frequency, including the three sub-dimensions of economic and financial instruments (EFI), soft instruments (SI), and regulatory instruments (RI), and firm performance; in addition, this relationship is in general moderated by family firm status. We contribute to the institutional theory by adopting a dynamic view that tracks policies over time and showing differential effects of institutional changes on firms with and without family firm status. Implications for theory and policy are discussed.
引用
收藏
页码：1707 / 1737
页数：31
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