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Son Preference, Family Control And Family Member Selection Bias: Evidence From Chinese Listed Family Firms

Author

Listed:
  • XIAODONG YU

    (School of Business, Central University of Finance and Economics, 39 South College Road, Beijing, P. R. China)

  • SHIZE SUN

    (School of Business, Central University of Finance and Economics, 39 South College Road, Beijing, P. R. China)

  • XIAOYUAN LIU

    (School of Business, Central University of Finance and Economics, 39 South College Road, Beijing, P. R. China)

  • XIRONG CHENG

    (School of Economics, Beijing Technology and Business University, 33 Fucheng Road, Beijing, P. R. China)

Abstract

This study investigates the influence of regional culture on local family firms from the perspective of son preference. By analyzing a sample of all 604 family firms listed on the China Shenzhen Stock Exchange, this study finds that in areas where son preference is pervasive, local family firms will give priority to introducing sons rather than daughters into the firm, and are more likely to hire a family CEO and hold more control of the firm in order to strengthen family control. Meanwhile, family firms in areas where there is a high preference for sons over daughters are also more inclined to choose close rather than distant relatives, and blood rather than affinity relatives into firms. This study contributes to this research by exploring the influence of local culture on family firms and verifying that family members are not a group with consistent interests; some family members are always given higher priority within the family. In addition, most research assumes that family firms in China are homogeneous; we demonstrate heterogeneity across China within different regions.

Suggested Citation

  • Xiaodong Yu & Shize Sun & Xiaoyuan Liu & Xirong Cheng, 2025. "Son Preference, Family Control And Family Member Selection Bias: Evidence From Chinese Listed Family Firms," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 70(01), pages 251-279, March.
    • Handle: RePEc:wsi:serxxx:v:70:y:2025:i:01:n:s0217590824500188
    DOI: 10.1142/S0217590824500188
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    More about this item

    Keywords

    Family egotism; family firms; son preference;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions

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