Structure of Local Political Power and Family Firms' Concentration of Wealth

被引：3
|
作者：
He, Xuan [1 ]
Zhang, Yingyu [1 ,2 ]
Xiao, Weicheng [1 ]
机构：
[1] Guangdong Univ Foreign Studies, Guangzhou, Peoples R China
[2] Guangdong Univ Foreign Studies, Sch Econ & Trade, Guangzhou 510006, Peoples R China
来源：
FAMILY BUSINESS REVIEW | 2023年 / 36卷 / 02期
关键词：
de jure political power; de facto political power; tenure of officials; family firm; wealth concentration; MYOPIC LOSS AVERSION; SOCIOEMOTIONAL WEALTH; CORPORATE GOVERNANCE; INCOME INEQUALITY; PERFORMANCE; CHINA; OWNERSHIP; NETWORKS; TURNOVER; TOP;
D O I：
10.1177/08944865221140647
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：199 / 222
页数：24
相关论文
共 50 条
  • [41] POWER AND WEALTH - POLITICAL ECONOMY OF INTERNATIONAL POWER - KNORR,K
    LATIMER, H
    ECONOMICA, 1975, 42 (166) : 229 - 230
  • [42] The influence of family commitment on the socioemotional wealth agenda of Spanish family firms: the effects on performance
    Cabrera-Suarez, M. Katiuska
    Martin-Santana, Josefa D.
    INTERNATIONAL JOURNAL OF ENTREPRENEURSHIP & SMALL BUSINESS, 2022, 47 (01):
  • [43] Political connections, family firms and earnings quality
    Hashmi, Muhammad Arsalan
    Brahmana, Rayenda Khresna
    Lau, Evan
    MANAGEMENT RESEARCH REVIEW, 2018, 41 (04): : 414 - 432
  • [44] Ownership concentration, family control and performance of firms
    Hamadi, Malika
    EUROPEAN MANAGEMENT REVIEW, 2010, 7 (02) : 116 - 131
  • [45] Family Control, Socioemotional Wealth and Earnings Management in Publicly Traded Firms
    Geoffrey Martin
    Joanna Tochman Campbell
    Luis Gomez-Mejia
    Journal of Business Ethics, 2016, 133 : 453 - 469
  • [46] Innovation underperformance, socioemotional wealth and de-familization in family firms
    Zhong, Xi
    Ren, Liuyang
    Ren, Ge
    NANKAI BUSINESS REVIEW INTERNATIONAL, 2023, 14 (02) : 316 - 337
  • [47] Earnings Quality in Acquired and Nonacquired Family Firms: A Socioemotional Wealth Perspective
    Pazzaglia, Federica
    Mengoli, Stefano
    Sapienza, Elena
    FAMILY BUSINESS REVIEW, 2013, 26 (04) : 374 - 386
  • [48] Disentangling the drivers of family firms internationalization through the lens of socioemotional wealth
    Fynn-Willem Lohe
    Andrea Calabrò
    Mariateresa Torchia
    Journal of International Entrepreneurship, 2021, 19 : 479 - 509
  • [49] The Impact of Socioemotional Wealth on Decline-Stemming Strategies of Family Firms
    Laffranchini, Giacomo
    Hadjimarcou, John S.
    Kim, Si Hyun
    ENTREPRENEURSHIP THEORY AND PRACTICE, 2020, 44 (02) : 185 - 210
  • [50] Disentangling the drivers of family firms internationalization through the lens of socioemotional wealth
    Lohe, Fynn-Willem
    Calabro, Andrea
    Torchia, Mariateresa
    JOURNAL OF INTERNATIONAL ENTREPRENEURSHIP, 2021, 19 (04) : 479 - 509
12345