Abstract

This study aims to explore the relationship between family involvement in a business and the managerial factors that influence the success of recent business developments. The research is guided by three key questions focusing on the connection between family involvement and managerial factors, how these factors are managed in family firms, and the differences in management approaches between family and non-family firms. Utilizing the Johansen-Juselius cointegration method, the study examines the end-of-day relationship between financial development and economic strategies in Chinese firms. Findings suggest that managerial quality, as signaled through reputation and past performance, plays a critical role in securing government support and resource allocation, ultimately influencing the economic strategy in China.

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