High-quality development of family businesses in the post-epidemic era under the moderating effect of the business environment in China

Abstract

ABSTRACT This paper analyzes the high-quality development of family enterprises in the context of multiple goals and situational factors, using A-share listed manufacturing family enterprises from 2008 to 2022 as empirical research samples. The research finds that there may be an optimal balance effect between family ownership and corporate governance in the process of achieving high-quality development for an enterprise; the business environment weakens the role of family ownership in the high-quality development of the enterprise. This further shows that the key to achieving high-quality development of family enterprises is coordinating multiple objectives, which provides insights for further exploration of development in the post-pandemic era.