When do family firms have an advantage in transitioning economies? Toward a dynamic institution-based view
Journal
Strategic Management Journal
ISSN
0143-2095
ISSN-Digital
1097-0266
Type
journal article
Date Issued
2014-07-09
Author(s)
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).
Language
English
Keywords
Family Business
Institutional theory
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Wiley
Publisher place
New York, NY
Volume
36
Number
9
Start page
1358
End page
1377
Subject(s)
Eprints ID
231673