Beyond cultural norms: how does historical rice farming affect modern firms' family control?

IF 1.6 3区 经济学 Q2 ECONOMICS Economica Pub Date : 2024-03-10 DOI:10.1111/ecca.12519
Chenchen Fan, Mingming Jiang, Bo Zhang
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Abstract

The private sector contributes the majority of China's GDP, with family firms responsible for most of the contribution. Prior studies find that firms' family control is influenced by certain cultural norms, such as family ties. This study explores the underlying historical and agricultural roots of these cultural norms that influence modern businesses. Combining a set of high-quality, nationally representative Chinese firm and household surveys with prefectural data, we first show the positive impact of rice farming on family control of local firms. We establish robust causal inferences by exploring the impact of historical agricultural legacies and discussing alternative measures, spatial autocorrelations, omitted variables, instrumental variables and self-selection. More importantly, our results demonstrate that the rice cultivation practice enhances the local people's preferences for strong family ties. Instead of claiming a direct role of these cultural traits as in the existing literature, we recast them as cultural mediators and persistent channels through which historical rice farming can shape contemporary corporate structure.

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超越文化规范:历史上的水稻种植如何影响现代企业的家族控制?
民营企业贡献了中国国内生产总值的绝大部分,而家族企业则承担了其中的大部分。先前的研究发现,企业的家族控制权受到某些文化规范的影响,如家族纽带。本研究探讨了这些影响现代企业的文化规范的历史和农业根源。结合一组高质量、具有全国代表性的中国企业和家庭调查以及县级数据,我们首先展示了水稻种植对当地企业家族控制权的积极影响。我们探讨了历史农业遗产的影响,讨论了替代措施、空间自相关性、遗漏变量、工具变量和自我选择,从而建立了稳健的因果推论。更重要的是,我们的研究结果表明,水稻种植实践增强了当地人对紧密家庭关系的偏好。我们并没有像现有文献那样宣称这些文化特质发挥了直接作用,而是将其重塑为文化中介和持久渠道,通过这些渠道,历史上的水稻种植可以塑造当代的企业结构。
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来源期刊
Economica
Economica ECONOMICS-
CiteScore
2.40
自引率
0.00%
发文量
49
审稿时长
5 weeks
期刊介绍: Economica is an international journal devoted to research in all branches of economics. Theoretical and empirical articles are welcome from all parts of the international research community. Economica is a leading economics journal, appearing high in the published citation rankings. In addition to the main papers which make up each issue, there is an extensive review section, covering a wide range of recently published titles at all levels.
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