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Abstract The paper introduces the research perspective of the legitimacy, and uses the enterprise strategic change to reflect the changes in corporate behavior before and after the inheritance, to explore the influence of family business internal and external legitimacy of the inheritance of the succession control. In this study, based on the data of complete heritage（successor served as chairman of the board or general manager and elder generation shift exit enterprise as a symbol）of listed family firms, we found that successor control power has a significant positive impact on enterprise strategic change; internal legitimacy in the relationship between successor control power and enterprise strategic change plays a positive role in regulating; and external legitimacy in the relationship between successor control power and enterprise strategic change plays a negative role in regulating. Consequently, legitimacy is an important condition for the conversion of legal authority to real authority.
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Received: 28 June 2016
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