Dissertation Title: Strategic Dominance and Persistence in Public-Traded Family Firms (proposal defended on July 31 st, 2015)

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Hanqing Chevy Fang, PhD Candidate Research Assistant, Center of Family Enterprise Research Department of Management and Information Systems Mississippi State University Starkville, MS, 39759 & Research Fellow, China Institute for Small and Medium Enterprises College of Small and Medium Enterprises Zhejiang University of Technology E-mail address: chevyfhq@gmail.com Education Ph.D., Management, Mississippi State University, 2010-Present, Starkville, Mississippi, USA (Supervised by Dr. James Chrisman; expected to graduate in the end of 2015) Dissertation Title: Strategic Dominance and Persistence in Public-Traded Family Firms (proposal defended on July 31 st, 2015) Dissertation Committee: Dr. James J. Chrisman (Dissertation Chair), Dr. Tim Barnett, Dr. Daniel Holt, and Dr. Joshua Daspit M.S., Applied Economics, Marquette University, 2008-2010, Milwaukee, Wisconsin, USA M.S., Technological Economics and Management, Zhejiang University of Technology, 2005-2008, Hangzhou, Zhejiang, China (Supervised by Dr. Renyong Chi) B.S., Information Management and Information System, Zhejiang Gongshang University, 2001-2005, Hangzhou, Zhejiang, China Peer Reviewed Journal Articles 1) Memili, E., Fang, H., De Massis, A. & Chrisman, J.J. (2016). The impact of the prevalence of small-to-medium sized family-owned firms on economic growth. Small Business Economics. 2) Fang, H., Memili, E., Chrisman, J.J., & Penney, C. (2016). Industry and Information Asymmetry: The case of the employment of non-family managers in small and medium-sized family firms. Journal of Small Business Management. 3) Fang, H., Memili, E., Van de Graaff Randolph, R. & Chrisman, J.J. (2016). Does size matter? The moderating effects of firm size on the employment of non-family managers in privately-held family SMEs. Entrepreneurship Theory and Practice. 4) Memili, E., Fang, H. & Welsh, D.H.B. (2015). Innovation process in publiclytraded family firms. Management Decision. 5) Chrisman, J.J., Fang, H., Kotlar, J. & De Massis, A. (2015). A note on family influence and the adoption of discontinuous technologies in family firms. Journal of Product Innovation Management. 6) Misra, K., Memili, E., Welsh, D.H.B. & Fang, H. (2014). The impact of foreign

direct investment (FDI) on women s entrepreneurship, Journal of Small Business Strategy. 7) Kotlar, J., Fang, H., De Massis, A. & Frattini, F. (2014). Profitability goals, control goals, and the R&D investment decisions of family and nonfamily firms. Journal of Product Innovation Management. 8) Kotlar, J., De Massis, A., Fang, H., Frattini, F. & Bianchi, M. (2014). Reference points for strategic risk taking: An analysis of family and non-family firms. Small Business Economics. 9) Kotlar, J., De Massis, A., Frattini, F., Bianchi, M. & Fang, H. (2013). Technology acquisition in family and non-family firms: A longitudinal analysis of Spanish manufacturing firms. Journal of Product Innovation Management. 10) Fang, H., Van de Graaff Randolph, R., Chrisman, J.J.& Barnett, T. (2013). Firm religiosity, bounded stakeholder salience, and stakeholder relationships in family firms. Journal of Management, Spirituality, and Religion. 11) Fang, H., Memili, E., Chrisman, J.J. & Welsh, D.H.B. (2013). Family firms professionalization: A resource-based view and institutional theory perspective. Small Business Institute Journal. 12) Memili, E., Zellweger, T.M. & Fang, H. (2013). The determinants of family ownermanagers' affective organizational commitment. Journal of Family Relations. Book Chapter 1) Randolph, R.V., Vardaman, J., Kotlar, J. & Fang, H. (2015). Habitual entrepreneurship and the socioemotional wealth of dynastic family enterprise: A synthesis of arguments and directions for future research. In Family Entrepreneurship (edited by Alain Fayolle, Kathleen Randerson, Giovanna Dossena & Cristina Bettinelli). Conference Papers & Presentations 1) Memili, E., Fang, H., Koç, B., Sön mez, S. & Yildirim-Öktem, O. (2015). Determinants of sustainable business practices in family firms: An inconsistent mediation model, International Council of Small Business Annual Conference, Dubai 2) Memili, E., Fang, H., Koc, B., Yildirim-Oktem, O., & Sonmez, S. (2015). The determinants of corporate social responsibility in family firms in tourism and hospitality sector, International Family Enterprise Research Association Conference, Hamburg, Germany. 3) Fang, H., Li, Z. & Tang, L. (2015). Exploring the distinctive role of family ownership and family management on managerial cognition. Family Enterprise Research Conference. 4) Fang, H., Daspit, J., Chrisman, J.J. & Li, Z. (2015). Implications of nonfamily participation in family firms: Buffers of inferior firm performance. Family Enterprise Research Conference. 5) Memili, E., James, C.D., Fang, H. & Buttner, H. (2015). A global analysis of the

impact of family business failure, allocentrism, and minority membership on entrepreneurial outcome expectations. U.S. Association for Small Business and Entrepreneurship Conference. 6) Memili, E., Fang, H., Kotlar, J., De Massis, A. & Chrisman, J.J. (2014). Generational differences and international diversification in family firms. Academy of Management Annual Conference 2014. 7) Fang, H., Memili, E., & Welsh, D.H.B. (2014). A tale of two cities: Value creation and value appropriation in public-traded firms. U.S. Association for Small Business and Entrepreneurship Conference. 8) Fang, H., Memili, E., De Massis, A. & Chrisman, J.J. (2014). The impact of the prevalence of small-to-medium sized family-owned firms on economic growth. U.S. Association for Small Business and Entrepreneurship Conference. 9) Kotlar J., De Massis A., Frattini F.& Fang H. (2013). The interplay between family and business logics and the R&D strategy of private firms. XXIV Scientific Annual Meeting AiIG on Entrepreneurship, Innovation and the Engine of Growth, Milan, Italy, October 17-18. 10) Fang, H., Memili, E., Kotlar, J. & Chrisman, J.J. (2013). Family ownership and firm performance. 73rd Meeting of the Academy of Management. 11) Fang, H., Memili, E., & Chrisman, J.J. (2013). Family ownership dispersion, nonfamily managers and firm productivity in SMEs. 73rd Meeting of the Academy of Management. 12) Kotlar, J., De Massis, A., Fang, H., Frattini, F. & Bianchi, M. (2013). Reference points for strategic risk taking: An analysis of family and non-family firms. 73rd Meeting of the Academy of Management. 13) Woods, J. & Fang, H. (2013). Predictors of the use of family members for marketing expertise in new ventures. Global Research Symposium on Marketing and Entrepreneurship 14) De Massis, A., Kotlar, J., Frattini, F. & Fang, H. (2013). R&D investment variations in family and non-family firms: A reference point theory perspective. Proceedings of the 20th International Product Development Management Conference, Paris, France. 15) Memili, E., Fang, H., Kotlar, J., De Massis, A. & Chrisman, J.J. (2013). Family involvement and publicly-traded family firm performance: The mediating role of corporate governance provisions. 2013 International Family Enterprise Research Academy. 16) Misra, K., Memili, E., Welsh, D.H.B. & Fang, H. (2013).The impact of foreign direct investment (FDI) on women s entrepreneurship, Small Business Institute Conference 17) Fang, H., Memili, E., Van de Graaff Randolph, R., Chrisman, J.J. & Barnett, T. (2013). Family ownership, succession intentions, and professionalization. Family Enterprise Research Conference. 18) Woods, J., Fang, H. & Memili, E. (2013). Family support and managerial involvement in Chinese family firms. Family Enterprise Research Conference.

19) Memili, E., Fang, H., Kotlar, J., De Massis, A. & Chrisman, J.J. (2013). First and later generation family owners and international diversification: A longitudinal analysis of US publicly-traded family firms. Family Enterprise Research Conference. 20) Fang, H., Memili, E., Van de Graaff Randolph, R. & Chrisman, J.J. (2013). Does firm size matter in family firm professionalization: A stakeholder salience perspective and a moderated-mediation model. South-Western Academy of Management Conference. 21) Memili, E., Patel, C.P., Holt, D.T. & Fang, H. (2013). Family-friendly work practices in family firms: A multilevel study. Proceedings of the U.S. Association for Small Business and Entrepreneurship. 22) Fang, H., Memili, E. & Chrisman, J.J. (2012). Does age matter? Family ownership, succession intentions, and firm performance in small to medium sized family firms. Proceedings of the Southern Management Association. 23) Fang, H., Memili, E., Van de Graaff Randolph, R., Chrisman, J.J. & Barnett, T. (2012). Family succession and employment of non-family managers: The moderation effects of trans-generational succession intentions. Academy of Management Annual Conference, Boston 24) Fang, H., Memili, E. & Chrisman, J.J. (2012). The structural effects of foreign ventures on domestic entrepreneurship: A cross-country panel data analysis. Academy of Management Annual Conference, Boston 25) Kotlar, J., De Massis, A., Frattini, F., Bianchi, M.& Fang, H. (2012) Technology acquisition in family-controlled firms: A longitudinal analysis of Spanish manufacturing firms. Proceedings of the 19th International Product Development Management Conference, Manchester, U.K., June 17-19. ISSN 1998-7374. 26) Fang, H., Memili, E. & Chrisman, J.J. (2012). Family firms professionalization: A resource-based view and institutional theory perspective. International Family Enterprise Research Academy Conference. 27) Fang, H., Memili, E. & Chrisman, J.J. (2012). Performance heterogeneity in family versus non-family firms: A state-level empirical analysis. Family Enterprise Research Conference 28) Fang, H., Memili, E. & Chrisman, J.J. (2012). Strategic responses of family firms to external institutional pressures: An institutional theory perspective. Family Enterprise Research Conference 29) Fang, H. Memili, E. & Chrisman, J.J. (2012). Family firm's professionalization by industry. Proceedings of the Small Business Institute National Meeting. 30) Fang, H., Van de Graaff Randolph, R., Chrisman, J.J. & Barnett, T. (2012). Firm religiosity, bounded stakeholder salience, and stakeholder relationships in family firms. Proceedings of the U.S. Association for Small Business and Entrepreneurship. 31) Fang, H., Memili, E. & Chrisman, J.J. (2012). The prevalence of family firms by industry: A transaction cost theory perspective and longitudinal analysis. Proceedings of the U.S. Association for Small Business and Entrepreneurship. 32) Fang, H., Memili, E., & Chrisman, J.J. (2012). Foreign venture presence and domestic entrepreneurship: A macro level study. Proceedings of the U.S. Association

for Small Business and Entrepreneurship. 33) Fang, H. (2011). Family business creation and family business prevalence: An empirical study at the state level. Family Enterprise Research Conference. 34) Fang, H. (2010). Venture capital in China and comparison with the West. 11th West Lake International Conference on Small& Medium- sized Business Proceeding. 35) Fang, H. & Chi, R. (2008). Research on the Elements of Patent System and Innovation of Entrepreneur. Technology Management Research Conference Proceeding. 36) Guo, Y., Chi, R. & Fang, H. (2008). Theoretical Research on Life cycle of Industrial Cluster. 9th West Lake International Conference on Small& Medium- sized Business Proceeding. 37) Ma, C., Chi, R. & Fang, H. (2008). Empirical Study on Innovation Paradigm in SMEs. 9th West Lake International Conference on Small& Medium- sized Business Proceeding. 38) Song, T., Chi, R. & Fang, H. (2008) Endogenous Innovation Models of Generic Technologies in Zhejiang Electromechanical Industry. 9th West Lake International Conference on Small& Medium- sized Business Proceeding. 39) Tang, L., Chi, R. & Fang, H.(2008) Linkage between External Innovation Network of Enterprise and Innovation Source. 9th West Lake International Conference on Small& Medium- sized Business Proceeding. 40) Zheng, W., Chi, R. & Fang, H. (2008) Endogenous Innovation in Enterprise and Cooperation Models among Industry, University and Research Institution. 9th West Lake International Conference on Small& Medium- sized Business Proceeding.

Awards 1) 2015 Runner-up Award for Best Empirical Paper in the U.S. Association for Small Business and Entrepreneurship for A global analysis of the impact of family business failure, allocentrism, and minority membership on entrepreneurial outcome expectations with Memili, E., James, C.D. and Buttner, H. 2) 2014 Office of Research & Economic Development Graduate Student Research Award in College of Business, Mississippi State University 3) 2014 Honorable Mention in Family Business Track, U.S. Association for Small Business and Entrepreneurship for The impact of the prevalence of small-tomedium sized family-owned firms on economic growth with Memili, E., De Massis, A. and Chrisman, J.J. 4) 2014 Entrepreneurship and Public Policy Best Paper Award in the U.S. Association for Small Business and Entrepreneurship for The impact of the prevalence of smallto-medium sized family-owned firms on economic growth with Memili, E., De Massis, A. and Chrisman, J.J. 5) 2014 Best Family Business Paper Award in the U.S. Association for Small Business and Entrepreneurship for A tale of two cities: Value creation and value appropriation in public-traded firms with Memili, E. and Welsh, D.H.B. 6) 2013 Best Doctoral Student Poster in Family Enterprise Research Conference for Family ownership, succession intentions, and professionalization" with Memili, E., Van de Graaff Randolph, R., Chrisman, J.J. and Barnett, T. 7) 2013 BE-Journal of Business and Entrepreneurship Best Practitioner Paper Award in the U.S. Association for Small Business and Entrepreneurship for Family-friendly work practices in family firms: A multilevel study with Memili, E., Patel, C.P. and Holt, D.T. 8) 2012 Honorable Mention in Family Business Track, U.S. Association for Small Business and Entrepreneurship. Firm religiosity, bounded stakeholder salience, and stakeholder relationships in family firms with Van de Graaff Randolph, R., Chrisman, J.J. and Barnett, T. 9) 2012 FOBI (Family Owned Business Institute) Research Scholar Award $5,000 winner. "Family ownership, succession intentions, and professionalization" with Memili, E., Van de Graaff Randolph, R., Chrisman, J.J. and Barnett, T. Courses Taught: MGT 4613 Cross-cultural Management, Mississippi State University, 2014, 2015 BUS 4853 Business Policy, Mississippi State University, 2012, 2013, 2014, 2015

Service Chair, Family Business Track, Small Business Institute Conference, 2012. Ad hoc Reviewer, Entrepreneurship Theory & Practice Ad hoc Reviewer, Journal of Business Research Ad hoc Reviewer, Journal of Product Innovation Management Ad hoc Reviewer, Family Business Review Ad hoc Reviewer, Small Business Economics Journal Ad hoc Reviewer, Journal of Small Business Management Ad hoc Reviewer, California Management Review Ad hoc Reviewer, Journal of Family Business Strategy Ad hoc Reviewer, European Journal of International Management Ad hoc Reviewer, Journal of Developmental Entrepreneurship Ad hoc Reviewer, Management Research Review Ad hoc Reviewer, Journal of Family Business Management Reviewer, Southwestern Academy of Management Conference, 2013-Present Reviewer, Academy of Management Conference, 2011-Present Reviewer, Family Enterprise Research Conference, 2011-Present Reviewer, Small Business Institute Conference. 2011-Present Reviewer, Southern Management Association. 2010-Present Reviewer, U.S. Association for Small Business and Entrepreneurship. 2011-Present Reviewer, West Lake International Academic Conference on Small& Medium- sized Business. 2008-Present Discussant, Southern Management Association. 2011, 2012 Doctoral Consortium Participant, Southern Management Association. 2010, 2012 Doctoral Consortium Participant, U.S. Association for Small Business and Entrepreneurship. 2011 Doctoral Consortium Participant, Family Enterprise Research Conference. 2011 Professional Associations Academy of Management, 2011-Present Southern Management Association, 2010-Present United States Association for Small Business and Entrepreneurship, 2011-Present Small Business Institute, 2011-Present Family Enterprise Research Conference, 2011-Present International Family Enterprise Research Academy, 2011-Present

Practical Experience 2001-2008 President Assistant, Todaytec Digital Co., Ltd a, China 2005-2008 Secretary, West Lake Research Conference on Small and Medium-Sized firms, Hangzhou, Zhejiang Province, China 2008-2012 Consultant, TodayTec LLC b, Charlotte, NC, USA 2012-present President, Tuizhan Software Co., Ltd, Hangzhou, China a: Founded by Hanqing Chevy Fang s mother b: Co-founded by Hanqing Chevy Fang s mother

References James J. Chrisman Department of Management College of Business Mississippi State University Mississippi State, MS 39762 Tel: 662-325-1991 jchrisman@cobilan.msstate.edu and Centre for Entrepreneurship and Family Enterprise University of Alberta Esra Memili Department of Business Administration Bryan School of Business and Economics University of North Carolina at Greensboro PO Box 2617 Greensboro, NC, 27402-6170 Tel: 662-617-1459 e_memili@uncg.edu Alfredo De Massis Director of the Centre for Family Business Institute for Entrepreneurship and Enterprise Development Lancaster University Management School Bailrigg, Lancaster, LA1 4YX, UK Tel: +44 1524 594057 a.demassis@lancaster.ac.uk and University of Bergamo, Italy