When do family firms have an advantage in transitioning economies? Toward a dynamic institution-based view

Item Type Journal paper
Abstract

We advance a dynamic institution-based view of the firm that extends the theory's current focus on scope of pro-market reforms (degree of market liberalization in a given year) to consider how speed of reforms (rate of market liberalization achieved over time) affects the performance of firms from transitioning economies. Utilizing a sample of public firms from Chinese provinces with varying reform speeds, we find that while scope of reforms positively impacts firm performance, speed of reforms detracts from firm performance. We further find that while family firms have an advantage in gradually reforming provinces, non-family firms have an advantage in rapidly reforming provinces. Thus, we extend the institution-based view across time (speed of reforms) and firms (family vs. non-family firms).

Authors Banalieva, Elitsa; Eddleston, Kimberley H. & Zellweger, Thomas
Journal or Publication Title Strategic Management Journal
Language English
Keywords Family Business, Institutional theory
Subjects business studies
Institute/School KMU - Swiss Research Institute of Small Business and Entrepreneurship
HSG Classification contribution to scientific community
Refereed Yes
Date 9 July 2014
Publisher Wiley
Place of Publication New York, NY
Volume 36
Number 9
Page Range 1358-1377
ISSN 0143-2095
ISSN-Digital 1097-0266
Publisher DOI 10.1002/smj.2288
Depositing User Prof. Dr. Thomas Markus Zellweger
Date Deposited 18 May 2014 22:03
Last Modified 13 Sep 2016 09:37
URI: https://www.alexandria.unisg.ch/publications/231673

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Citation

Banalieva, Elitsa; Eddleston, Kimberley H. & Zellweger, Thomas (2014) When do family firms have an advantage in transitioning economies? Toward a dynamic institution-based view. Strategic Management Journal, 36 (9). 1358-1377. ISSN 0143-2095

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https://www.alexandria.unisg.ch/id/eprint/231673
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