Pub Date : 2023-04-19DOI: 10.1177/08944865231162404
Gloria Cuevas-Rodríguez, Leticia Pérez‐Calero, L. Gómez‐Mejía, Santiago Kopoboru Aguado
This study analyzes how family control influences firms’ acquisition activity using a socioemotional wealth (SEW) approach and discusses their anticipated SEW gains and losses when making acquisition decisions. Data collected from Spanish public companies from 2010 to 2015 indicates that family firms are more reticent about undertaking acquisitions than nonfamily firms, and their lower propensity is more pronounced when there are no former politicians on the board of directors whose presence could reduce potential SEW losses. Furthermore, the benefits of former politicians on the board of family firms in terms of acquisition activity only occur in low-velocity industries.
{"title":"Family Firms’ Acquisitions and Politicians as Directors: A Socioemotional Wealth Approach","authors":"Gloria Cuevas-Rodríguez, Leticia Pérez‐Calero, L. Gómez‐Mejía, Santiago Kopoboru Aguado","doi":"10.1177/08944865231162404","DOIUrl":"https://doi.org/10.1177/08944865231162404","url":null,"abstract":"This study analyzes how family control influences firms’ acquisition activity using a socioemotional wealth (SEW) approach and discusses their anticipated SEW gains and losses when making acquisition decisions. Data collected from Spanish public companies from 2010 to 2015 indicates that family firms are more reticent about undertaking acquisitions than nonfamily firms, and their lower propensity is more pronounced when there are no former politicians on the board of directors whose presence could reduce potential SEW losses. Furthermore, the benefits of former politicians on the board of family firms in terms of acquisition activity only occur in low-velocity industries.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"36 1","pages":"223 - 253"},"PeriodicalIF":8.8,"publicationDate":"2023-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49209298","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-01DOI: 10.1177/08944865231157491
R. Suddaby, B. Silverman, Peter Jaskiewicz, Alfredo De Massis, E. Micelotta
Families are constituted by shared memories and a common history. Research shows that talk about the past constitutes between 25% and 33% of the dinner conversation around the family table (Beals & Snow, 2002; Blum-Kulka, 1993, 1994; Perlman, 1984). Much of this conversation involves sharing experiences of the recent (i.e., “what did you do today?”) or distant past (i.e., “remember our vacation to Niagara Falls?”). More critical to the family constitution, however, are those conversations in which family members recount events outside the lived experience of any of the individuals at the table. These vicarious memories are the foundational elements of collective memory. Shared vicarious memories define the family as a distinct social entity with coherence and continuity over time and space (Pratt & Fiese, 2004). Family business researchers are only beginning to appreciate the theoretical and empirical value of viewing the family business through the lens of family memory and history. We gain considerable insight into the nature and constitution of family businesses by systematically analyzing what, and how, families remember and forget. The collection of papers that comprise this special issue on History-Informed Family Business Research is premised on this assumption. From these articles, we see a broad range of historical methodologies applied to a diverse array of family businesses. We also see how intractable issues that have troubled family business research over the years achieve a new clarity when viewed through the lens of the past and how it is remembered. The intent of this essay is to elaborate on the value of history-informed family business research and demonstrate how it can address persistently thorny issues in our discipline. We organize the essay into three sections, drawing on the studies in this special issue to illustrate points in each section. In the first section, we demonstrate how adopting a historical perspective can help us address the recurring definitional question, what is a family business? Our answer rests on the recursive relationship between historical memory as a practice and the family as a social entity. Like all social entities, families are a product of, and shaped by, their history. However, as active authors of their history, families have a higher degree of agency over how their history is told. It is the dynamic interaction of family practices of remembering and how remembering shapes the sense of family that defines a family business. Defining family businesses as a process of historical reconstruction rather than as a set of static properties (e.g., Chrisman et al., 2012) offers a different ontological perspective that defines a family business by how its members reconstruct family boundaries in ongoing acts of remembering. We elaborate on this recursive dynamic between the past and the family’s construction of the present and future in the first section. In the second section, we show how history and
家庭是由共同的记忆和共同的历史组成的。研究表明，在家庭餐桌旁的晚餐对话中，谈论过去的话题占25%至33%（Beals&Snow，2002；Blum-Kulka，19931994；Perlman，1984）。这段对话的大部分内容涉及分享最近的经历（即“你今天做了什么？”）或遥远的过去（即“还记得我们去尼亚加拉瀑布度假吗？”）。然而，对家庭构成更关键的是那些家庭成员讲述餐桌上任何人生活经历之外的事件的对话。这些替代记忆是集体记忆的基本要素。共同的替代记忆将家庭定义为一个独特的社会实体，在时间和空间上具有连贯性和连续性（Pratt&Fiese，2004）。家族企业研究者才刚刚开始意识到从家族记忆和历史的角度看待家族企业的理论和经验价值。通过系统地分析家庭记忆和遗忘的内容以及方式，我们对家族企业的性质和构成有了相当深入的了解。本期《历史知情家族企业研究》特刊的论文集就是以这一假设为前提的。从这些文章中，我们看到了广泛的历史方法论应用于各种各样的家族企业。我们还看到，多年来困扰家族企业研究的棘手问题是如何从过去的角度来看的，以及人们是如何记住它的。本文旨在阐述基于历史的家族企业研究的价值，并展示它如何解决我们学科中持续存在的棘手问题。我们将这篇文章分为三个部分，利用这期特刊中的研究来说明每个部分的要点。在第一节中，我们展示了采用历史视角如何帮助我们解决反复出现的定义问题，什么是家族企业？我们的答案建立在作为实践的历史记忆和作为社会实体的家庭之间的递归关系上。像所有社会实体一样，家庭是其历史的产物，并由其历史塑造。然而，作为他们历史的积极作者，家庭对如何讲述他们的历史有更高程度的代理权。正是家族记忆实践的动态互动，以及记忆如何塑造家族感，才定义了家族企业。将家族企业定义为一个历史重建过程，而不是一组静态属性（例如，Chrisman et al.，2012）提供了一个不同的本体论视角，通过其成员如何在持续的记忆行为中重建家族边界来定义家族企业。在第一节中，我们详细阐述了过去与家庭对现在和未来的构建之间的这种递归动态。在第二节中，我们展示了历史和记忆如何帮助我们解决一个反复出现的问题，即家族企业如何平衡作为企业的需求和作为家庭的需求。为了回答这个问题，我们关注非正式记忆成为1157491 FBRXXXXX10.1177/08944865231157491《家族企业评论》Suddaby et al.research-article2023
{"title":"History-Informed Family Business Research: An Editorial on the Promise of History and Memory Work","authors":"R. Suddaby, B. Silverman, Peter Jaskiewicz, Alfredo De Massis, E. Micelotta","doi":"10.1177/08944865231157491","DOIUrl":"https://doi.org/10.1177/08944865231157491","url":null,"abstract":"Families are constituted by shared memories and a common history. Research shows that talk about the past constitutes between 25% and 33% of the dinner conversation around the family table (Beals & Snow, 2002; Blum-Kulka, 1993, 1994; Perlman, 1984). Much of this conversation involves sharing experiences of the recent (i.e., “what did you do today?”) or distant past (i.e., “remember our vacation to Niagara Falls?”). More critical to the family constitution, however, are those conversations in which family members recount events outside the lived experience of any of the individuals at the table. These vicarious memories are the foundational elements of collective memory. Shared vicarious memories define the family as a distinct social entity with coherence and continuity over time and space (Pratt & Fiese, 2004). Family business researchers are only beginning to appreciate the theoretical and empirical value of viewing the family business through the lens of family memory and history. We gain considerable insight into the nature and constitution of family businesses by systematically analyzing what, and how, families remember and forget. The collection of papers that comprise this special issue on History-Informed Family Business Research is premised on this assumption. From these articles, we see a broad range of historical methodologies applied to a diverse array of family businesses. We also see how intractable issues that have troubled family business research over the years achieve a new clarity when viewed through the lens of the past and how it is remembered. The intent of this essay is to elaborate on the value of history-informed family business research and demonstrate how it can address persistently thorny issues in our discipline. We organize the essay into three sections, drawing on the studies in this special issue to illustrate points in each section. In the first section, we demonstrate how adopting a historical perspective can help us address the recurring definitional question, what is a family business? Our answer rests on the recursive relationship between historical memory as a practice and the family as a social entity. Like all social entities, families are a product of, and shaped by, their history. However, as active authors of their history, families have a higher degree of agency over how their history is told. It is the dynamic interaction of family practices of remembering and how remembering shapes the sense of family that defines a family business. Defining family businesses as a process of historical reconstruction rather than as a set of static properties (e.g., Chrisman et al., 2012) offers a different ontological perspective that defines a family business by how its members reconstruct family boundaries in ongoing acts of remembering. We elaborate on this recursive dynamic between the past and the family’s construction of the present and future in the first section. In the second section, we show how history and ","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"36 1","pages":"4 - 16"},"PeriodicalIF":8.8,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41354804","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-27DOI: 10.1177/08944865231159475
Christina Hoon, J. Brinkmann, Alina M. Baluch
This study is concerned with how founding stories are sustained across multiple generations of employees in family firms and how these stories influence organizational identification. Drawing on a social memory perspective and narrative memory work, we explore the retold founding stories of employees in a large agricultural family firm. Our study demonstrates that founding stories transform firsthand memories into collective memory across multiple generations through intertwining intradiegetic storytelling with material and relational processes. The effortful work of remembering together across familial and social relations, spaces, and embodied ways explains how successive generations understand their belongingness to the organization.
{"title":"Narrative Memory Work of Employees in Family Businesses: How Founding Stories Shape Organizational Identification","authors":"Christina Hoon, J. Brinkmann, Alina M. Baluch","doi":"10.1177/08944865231159475","DOIUrl":"https://doi.org/10.1177/08944865231159475","url":null,"abstract":"This study is concerned with how founding stories are sustained across multiple generations of employees in family firms and how these stories influence organizational identification. Drawing on a social memory perspective and narrative memory work, we explore the retold founding stories of employees in a large agricultural family firm. Our study demonstrates that founding stories transform firsthand memories into collective memory across multiple generations through intertwining intradiegetic storytelling with material and relational processes. The effortful work of remembering together across familial and social relations, spaces, and embodied ways explains how successive generations understand their belongingness to the organization.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"36 1","pages":"37 - 62"},"PeriodicalIF":8.8,"publicationDate":"2023-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47823064","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-21DOI: 10.1177/08944865231154835
Kajsa Haag, Leona Achtenhagen, Julia Grimm
Longevity is at the core of what makes family businesses special. Unlike most attempts to explain longevity that have focused primarily on the factors within a family business that lead to longevity or the factors outside of an organization’s environment, we adopt a business-history perspective that enables us to show how the interplay between the organization and its environment can help to explain family business longevity. Building on the category literature, we trace the interaction of a small Swedish fourth-generation high-quality furniture manufacturer with its category over a period of more than 120 years. We identify the internal mechanisms driving family business longevity, the external mechanisms driving category development as well as the mechanisms underlying their interaction. Specifically, we provide new insights into how agency exercised by the family business contributes to the shaping of the category they are a member of, thereby nurturing their business longevity.
{"title":"Engaging With the Category: Exploring Family Business Longevity From a Historical Perspective","authors":"Kajsa Haag, Leona Achtenhagen, Julia Grimm","doi":"10.1177/08944865231154835","DOIUrl":"https://doi.org/10.1177/08944865231154835","url":null,"abstract":"Longevity is at the core of what makes family businesses special. Unlike most attempts to explain longevity that have focused primarily on the factors within a family business that lead to longevity or the factors outside of an organization’s environment, we adopt a business-history perspective that enables us to show how the interplay between the organization and its environment can help to explain family business longevity. Building on the category literature, we trace the interaction of a small Swedish fourth-generation high-quality furniture manufacturer with its category over a period of more than 120 years. We identify the internal mechanisms driving family business longevity, the external mechanisms driving category development as well as the mechanisms underlying their interaction. Specifically, we provide new insights into how agency exercised by the family business contributes to the shaping of the category they are a member of, thereby nurturing their business longevity.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"36 1","pages":"84 - 118"},"PeriodicalIF":8.8,"publicationDate":"2023-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43252298","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-21DOI: 10.1177/08944865231157040
M. McAdam, Eric Clinton, E. Hamilton, W. Gartner
We use concepts from rhetorical history and mnemonic communities to expand on the notion of “intermarriage” in a family business as the merger of shared histories among family members, nonfamily members, and individuals from other families and suggest that a common mnemonic narrative defines the parameters of the family business rather than the structural properties of the firm or the genetic relationships among family members. Our analysis reveals how fundamental family business practices can be changed when confronted with the intimate knowledge of the rhetorical history of the failure of others.
{"title":"Learning in a Family Business Through Intermarriage: A Rhetorical History Perspective","authors":"M. McAdam, Eric Clinton, E. Hamilton, W. Gartner","doi":"10.1177/08944865231157040","DOIUrl":"https://doi.org/10.1177/08944865231157040","url":null,"abstract":"We use concepts from rhetorical history and mnemonic communities to expand on the notion of “intermarriage” in a family business as the merger of shared histories among family members, nonfamily members, and individuals from other families and suggest that a common mnemonic narrative defines the parameters of the family business rather than the structural properties of the firm or the genetic relationships among family members. Our analysis reveals how fundamental family business practices can be changed when confronted with the intimate knowledge of the rhetorical history of the failure of others.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"36 1","pages":"63 - 83"},"PeriodicalIF":8.8,"publicationDate":"2023-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43294149","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-17DOI: 10.1177/08944865231157195
Luca Manelli, Vittoria Magrelli, J. Kotlar, Antonio Messeni Petruzzelli, F. Frattini
Scholars have recently paid growing attention to the transfer of family legacies across generations, but existing work has been mainly focused on an inward-oriented, intra-family, perspective. In this article, we seek to understand how family firms engage in rhetorical history to transfer their social family legacy to external stakeholders, what we call “outward-oriented social legacy.” By carrying out a 12-months field study in three Italian family business foundations, our findings unveil three distinctive narrative practices—founder foreshadowing, emplacing the legacy within the broader community, and weaving family history with macro—history—that contribute to transferring outward-oriented social legacies.
{"title":"Building an Outward-Oriented Social Family Legacy: Rhetorical History in Family Business Foundations","authors":"Luca Manelli, Vittoria Magrelli, J. Kotlar, Antonio Messeni Petruzzelli, F. Frattini","doi":"10.1177/08944865231157195","DOIUrl":"https://doi.org/10.1177/08944865231157195","url":null,"abstract":"Scholars have recently paid growing attention to the transfer of family legacies across generations, but existing work has been mainly focused on an inward-oriented, intra-family, perspective. In this article, we seek to understand how family firms engage in rhetorical history to transfer their social family legacy to external stakeholders, what we call “outward-oriented social legacy.” By carrying out a 12-months field study in three Italian family business foundations, our findings unveil three distinctive narrative practices—founder foreshadowing, emplacing the legacy within the broader community, and weaving family history with macro—history—that contribute to transferring outward-oriented social legacies.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"36 1","pages":"143 - 168"},"PeriodicalIF":8.8,"publicationDate":"2023-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45961567","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-01DOI: 10.1177/08944865231152283
C. Lubinski, W. Gartner
The concept of “generation” in family business scholarship is primarily used genealogically to reflect family lineage. This approach fails to account for complementary perspectives that are more established in history: “generation” as a category of societal belonging and a form of rhetorical history. Using a constitutive history approach, we identify four usages of “generation” by which these narratives can establish continuity or change in how families talk about themselves and foreground either family dynamics or embeddedness in societal developments. The form of historical narratives and how they mark time, we argue, is core to understanding rhetorical history processes.
{"title":"Talking About (My) Generation: The Use of Generation as Rhetorical History in Family Business","authors":"C. Lubinski, W. Gartner","doi":"10.1177/08944865231152283","DOIUrl":"https://doi.org/10.1177/08944865231152283","url":null,"abstract":"The concept of “generation” in family business scholarship is primarily used genealogically to reflect family lineage. This approach fails to account for complementary perspectives that are more established in history: “generation” as a category of societal belonging and a form of rhetorical history. Using a constitutive history approach, we identify four usages of “generation” by which these narratives can establish continuity or change in how families talk about themselves and foreground either family dynamics or embeddedness in societal developments. The form of historical narratives and how they mark time, we argue, is core to understanding rhetorical history processes.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"36 1","pages":"119 - 142"},"PeriodicalIF":8.8,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49365674","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-20DOI: 10.1177/08944865221146350
J. Hsueh, Alfredo De Massis, L. Gómez‐Mejía
Family firms purportedly use different socioemotional wealth (SEW) reference points in choosing strategies, yet empirical research continues to use family involvement as a proxy for SEW. This study uses a configurational approach to examine how the multidimensionality of SEW may be used to explain the firm’s chosen strategy. We use psychometric measures of the various SEW dimensions proposed by Berrone et al. to explain the formalization of corporate social responsibility (CSR) strategy as an example. We identify various SEW configurations to understand why family firms exhibit a preference for more formal or informal CSR strategies.
{"title":"Examining Heterogeneous Configurations of Socioemotional Wealth in Family Firms Through the Formalization of Corporate Social Responsibility Strategy","authors":"J. Hsueh, Alfredo De Massis, L. Gómez‐Mejía","doi":"10.1177/08944865221146350","DOIUrl":"https://doi.org/10.1177/08944865221146350","url":null,"abstract":"Family firms purportedly use different socioemotional wealth (SEW) reference points in choosing strategies, yet empirical research continues to use family involvement as a proxy for SEW. This study uses a configurational approach to examine how the multidimensionality of SEW may be used to explain the firm’s chosen strategy. We use psychometric measures of the various SEW dimensions proposed by Berrone et al. to explain the formalization of corporate social responsibility (CSR) strategy as an example. We identify various SEW configurations to understand why family firms exhibit a preference for more formal or informal CSR strategies.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"36 1","pages":"172 - 198"},"PeriodicalIF":8.8,"publicationDate":"2023-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48485759","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-20DOI: 10.1177/08944865221147955
Michael Gusenbauer, Nina Schweiger, Kurt Matzler, Julia Hautz
Innovation literature increasingly considers the importance of the temporal dimension of knowledge search. In particular, several qualitative studies demonstrate how family firms successfully search for and recombine mature knowledge into innovations. This paper extends this line of research by quantitatively examining knowledge search in family versus non-family firms in a unique dataset in global wine technology between 1956 and 2013. Our data show that family firms use mature knowledge in their innovation processes to a greater extent than non-family firms. Furthermore, family firms seem to draw higher value from mature knowledge than non-family firms.
{"title":"Innovation Through Tradition: The Role of Past Knowledge for Successful Innovations in Family and Non-family Firms","authors":"Michael Gusenbauer, Nina Schweiger, Kurt Matzler, Julia Hautz","doi":"10.1177/08944865221147955","DOIUrl":"https://doi.org/10.1177/08944865221147955","url":null,"abstract":"Innovation literature increasingly considers the importance of the temporal dimension of knowledge search. In particular, several qualitative studies demonstrate how family firms successfully search for and recombine mature knowledge into innovations. This paper extends this line of research by quantitatively examining knowledge search in family versus non-family firms in a unique dataset in global wine technology between 1956 and 2013. Our data show that family firms use mature knowledge in their innovation processes to a greater extent than non-family firms. Furthermore, family firms seem to draw higher value from mature knowledge than non-family firms.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"36 1","pages":"17 - 36"},"PeriodicalIF":8.8,"publicationDate":"2023-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41380465","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-23DOI: 10.1177/08944865221140647
Xuan He, Yingyu Zhang, Weicheng Xiao
Wealth concentration is a common problem worldwide, and research reveals that wealth is most concentrated in family firm holdings. We examined the influence of local political structure on the concentration of family firm wealth and found that (a) changes in de jure political power (provincial party secretary turnover) temporarily inhibit family firm wealth concentration, (b) local de facto power offers strong countervailing protection against this effect, and (c) there is a U-shaped relationship between the tenure of the provincial party secretary and wealth concentration. This investigation deepens our understanding of the relationship between family firm political connections and wealth concentration.
{"title":"Structure of Local Political Power and Family Firms’ Concentration of Wealth","authors":"Xuan He, Yingyu Zhang, Weicheng Xiao","doi":"10.1177/08944865221140647","DOIUrl":"https://doi.org/10.1177/08944865221140647","url":null,"abstract":"Wealth concentration is a common problem worldwide, and research reveals that wealth is most concentrated in family firm holdings. We examined the influence of local political structure on the concentration of family firm wealth and found that (a) changes in de jure political power (provincial party secretary turnover) temporarily inhibit family firm wealth concentration, (b) local de facto power offers strong countervailing protection against this effect, and (c) there is a U-shaped relationship between the tenure of the provincial party secretary and wealth concentration. This investigation deepens our understanding of the relationship between family firm political connections and wealth concentration.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"36 1","pages":"199 - 222"},"PeriodicalIF":8.8,"publicationDate":"2022-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45419493","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：