Proceedings of the 2025 10th International Conference on Social Sciences and Economic Development (ICSSED 2025)

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Resilience in Chinese Family Businesses

Lessons from the Global Financial Crisis

Authors
Qianxuan Huang1, Ran Mo1, *, Jacques Jaussaud2
1Honors College, Tianjin Foreign Studies University, Tianjin, 300204, China
2University of Pau, Avenue de l’Université, 64000, Pau, France
*Corresponding author. Email: g0247576@gmail.com
Corresponding Author
Ran Mo
Available Online 27 May 2025.
DOI
10.2991/978-94-6463-734-2_76How to use a DOI?
Keywords
Family Business; Resilience; Financial Crisis; Economic downturn
Abstract

This paper examines the resilience of Chinese family businesses (CFBs) by analyzing their financial performance during different economic cycles, with a focus on the 2008 Global Financial Crisis. Characterized by concentrated ownership, long-term orientation, and a focus on family reputation, CFBs respond to crises differently from other types of enterprises in China. Through a paired-sample analysis, the research evaluates their profitability and financial structure during the financial crisis. The results indicate that CFBs exhibit stronger financial performance and resilience during recovery phases but face challenges with higher financial leverage and liquidity management during economic downturns. This paper provides insights into the organizational resilience of CFBs, offering guidance for policymakers, practitioners, and investors to support CFBs through targeted policies and strategic investments.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 10th International Conference on Social Sciences and Economic Development (ICSSED 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
27 May 2025
ISBN
978-94-6463-734-2
ISSN
2352-5428
DOI
10.2991/978-94-6463-734-2_76How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Qianxuan Huang
AU  - Ran Mo
AU  - Jacques Jaussaud
PY  - 2025
DA  - 2025/05/27
TI  - Resilience in Chinese Family Businesses
BT  - Proceedings of the 2025 10th International Conference on Social Sciences and Economic Development (ICSSED 2025)
PB  - Atlantis Press
SP  - 696
EP  - 707
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-734-2_76
DO  - 10.2991/978-94-6463-734-2_76
ID  - Huang2025
ER  -