The impact of institutions on the competitive advantage of publicly listed family firms in emerging markets

Item Type Journal paper
Abstract

We develop an institutional explanation
for the finding that the competitive advantage publicly
listed family firms (PFFs) enjoy over other publicly
listed firms varies across emerging markets. We propose
that PFF performance is contingent on the state of four
types of institutions—formal constraining, informal constraining,
formal enabling, and informal enabling institutions.
We test these ideas with a meta-analysis of
177 primary studies, situated in 49 countries. Our results
show that the competitive advantage PFFs enjoy is stronger
when formal constraining institutions are less developed
and when suitable informal enabling institutions are
present. However, their competitive advantage is weaker
when formal enabling and informal constraining institutions
are less developed. We conclude that the competitive
advantage of PFFs in emerging markets is contingent on
local institutional conditions.

Authors Duran, Patricio; van Essen, Marc; Heugens, Pursey; Kostova, Tatiana & Peng, Mike
Journal or Publication Title Global Strategy Journal
Language English
Subjects business studies
HSG Classification contribution to scientific community
HSG Profile Area Global Center for Entrepreneurship + Innovation
Refereed Yes
Date 2018
Publisher Wiley
ISSN 2042-5791
Depositing User Prof. Dr. Marc van Essen
Date Deposited 28 Nov 2018 14:35
Last Modified 28 Nov 2018 14:35
URI: https://www.alexandria.unisg.ch/publications/255882

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Citation

Duran, Patricio; van Essen, Marc; Heugens, Pursey; Kostova, Tatiana & Peng, Mike (2018) The impact of institutions on the competitive advantage of publicly listed family firms in emerging markets. Global Strategy Journal, ISSN 2042-5791

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https://www.alexandria.unisg.ch/id/eprint/255882
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