Does family business excel in firm performance? An institution-based view

被引：74
|
作者：
Liu, Weiping [2 ]
Yang, Haibin [1 ]
Zhang, Guangxi [1 ]
机构：
[1] City Univ Hong Kong, Dept Management, Kowloon, Hong Kong, Peoples R China
[2] Hong Kong Univ Sci & Technol, Sch Business & Management, Dept Management, Hong Kong, Hong Kong, Peoples R China
来源：
ASIA PACIFIC JOURNAL OF MANAGEMENT | 2012年 / 29卷 / 04期
关键词：
Family business; Institutions; Governance characteristics; Institution-based view; CORPORATE GOVERNANCE; BOARD COMPOSITION; INVESTOR PROTECTION; OWNERSHIP STRUCTURE; EMERGING ECONOMIES; AGENCY COSTS; DIRECTORS; RESOURCES; STRATEGY; ENTREPRENEURSHIP;
D O I：
10.1007/s10490-010-9216-6
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
We offer an institution-based view to the classic inquiry on the relationship between family business and firm performance, which has been dominated by traditional theories such as agency theory and the resource-based view. Specifically, we argue that institutions define family business characteristics such as ownership concentration and family management, and also affect the performance of family business. Our research contributes to a reconciliation of prior inconsistent findings and calls further attention to the embedded nature of family business in institutions.
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页码：965 / 987
页数：23
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