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| Successors’ Political Connections, Human Capital, and Trans-Generational Entrepreneurial Behavior of Family Firms |
| WU Jiong，LI Baojie |
| Donghua University, Shanghai， China |
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Abstract Using a sample of Chinese listed family firms, this study empirically investigates the influence of successors’ political connections on trans-generational entrepreneurial behavior, and further analyzes how successors’ political connections and human capital interact on trans-generational entrepreneurial behavior. The main conclusions are as follows: Firstly, successors’ political connections have a significant and positive impact on their trans-generational entrepreneurial behavior, while there is no significant relationship between predecessors’ political connections and successors’ trans-generational entrepreneurial behavior, and thus social capital needs to be passed on and updated in family firms. Secondly, successors’ political connections can significantly moderate the relationship between human capital and trans-generational entrepreneurial behavior in a positive way, that is to say, successors’ political connections can promote successors to take more advantage of their human capital to implement trans-generational entrepreneurship.
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Received: 07 January 2015
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2015, Vol. 12 
