메뉴 건너뛰기




Volumn 15, Issue 1, 2009, Pages 32-45

The influence of national culture and institutional voids on family ownership of large firms: A country level empirical study

Author keywords

Agency theory; Collectivism; Culture; Family; Financial credit; Institution; Institutional voids; Ownership; Power distance

Indexed keywords


EID: 60449118921     PISSN: 10754253     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.intman.2008.06.002     Document Type: Article
Times cited : (142)

References (83)
  • 2
    • 0004253165 scopus 로고    scopus 로고
    • Stanford University Press, Stanford, CA
    • Albrow M. The Global Age (1997), Stanford University Press, Stanford, CA
    • (1997) The Global Age
    • Albrow, M.1
  • 3
    • 84925975612 scopus 로고
    • Power, performance and succession in the large corporation
    • Allen M.P., and Panian S.K. Power, performance and succession in the large corporation. Administrative Science Quarterly 27 4 (1982) 538-547
    • (1982) Administrative Science Quarterly , vol.27 , Issue.4 , pp. 538-547
    • Allen, M.P.1    Panian, S.K.2
  • 5
    • 0031286699 scopus 로고    scopus 로고
    • Working in small family businesses: empirical comparisons to non-family businesses
    • Beehr T.A., Drexler Jr. J.A., and Faulkner S. Working in small family businesses: empirical comparisons to non-family businesses. Journal of Organizational Behavior 18 3 (1997) 297-312
    • (1997) Journal of Organizational Behavior , vol.18 , Issue.3 , pp. 297-312
    • Beehr, T.A.1    Drexler Jr., J.A.2    Faulkner, S.3
  • 6
  • 7
    • 0001687495 scopus 로고
    • Directly unproductive, profit-seeking (Dup) activities
    • Bhagwati J.N. Directly unproductive, profit-seeking (Dup) activities. The Journal of Political Economy 90 5 (1982) 988-1002
    • (1982) The Journal of Political Economy , vol.90 , Issue.5 , pp. 988-1002
    • Bhagwati, J.N.1
  • 8
    • 25144475604 scopus 로고    scopus 로고
    • Pyramidal groups and the separation between ownership and control in Italy
    • Barca F., and Becht M. (Eds), Oxford University Press
    • Bianchi M., Bianco M., and Enriques L. Pyramidal groups and the separation between ownership and control in Italy. In: Barca F., and Becht M. (Eds). The Control of Corporate Europe (2001), Oxford University Press 154-187
    • (2001) The Control of Corporate Europe , pp. 154-187
    • Bianchi, M.1    Bianco, M.2    Enriques, L.3
  • 10
    • 0030374765 scopus 로고    scopus 로고
    • From fiefs to clans and network capitalism: explaining China's emerging economic order
    • Boisot M., and Child J. From fiefs to clans and network capitalism: explaining China's emerging economic order. Administrative Science Quarterly 41 4 (1996) 600-628
    • (1996) Administrative Science Quarterly , vol.41 , Issue.4 , pp. 600-628
    • Boisot, M.1    Child, J.2
  • 11
    • 25144492609 scopus 로고    scopus 로고
    • Are emerging economies less efficient? Performance persistence and the impact of business group affiliation
    • Chacar A., and Vissa B. Are emerging economies less efficient? Performance persistence and the impact of business group affiliation. Strategic Management Journal 26 10 (2005) 933-946
    • (2005) Strategic Management Journal , vol.26 , Issue.10 , pp. 933-946
    • Chacar, A.1    Vissa, B.2
  • 13
    • 84979188687 scopus 로고
    • The nature of the firm
    • Coase R.H. The nature of the firm. Economica 4 16 (1937) 386-405
    • (1937) Economica , vol.4 , Issue.16 , pp. 386-405
    • Coase, R.H.1
  • 14
    • 84974183696 scopus 로고
    • Political science and "the public interest"
    • Cochran C.E. Political science and "the public interest". The Journal of Politics 36 2 (1974) 327-355
    • (1974) The Journal of Politics , vol.36 , Issue.2 , pp. 327-355
    • Cochran, C.E.1
  • 19
    • 33749885467 scopus 로고
    • Goodwill and the spirit of market capitalism
    • Dore R. Goodwill and the spirit of market capitalism. The British Journal of Sociology 34 4 (1983) 459-482
    • (1983) The British Journal of Sociology , vol.34 , Issue.4 , pp. 459-482
    • Dore, R.1
  • 20
    • 33745472164 scopus 로고    scopus 로고
    • Foreign and domestic ownership, business groups, and firm performance: evidence from a large emerging market
    • Douma S., George R., and Kabir R. Foreign and domestic ownership, business groups, and firm performance: evidence from a large emerging market. Strategic Management Journal 27 7 (2006) 637-657
    • (2006) Strategic Management Journal , vol.27 , Issue.7 , pp. 637-657
    • Douma, S.1    George, R.2    Kabir, R.3
  • 23
    • 0001336426 scopus 로고
    • Agency theory: an assessment and review
    • Eisenhardt K.M. Agency theory: an assessment and review. Academy of Management Review 14 1 (1989) 57
    • (1989) Academy of Management Review , vol.14 , Issue.1 , pp. 57
    • Eisenhardt, K.M.1
  • 24
    • 0000806744 scopus 로고
    • Agency problems and the theory of the firm
    • Fama E.F. Agency problems and the theory of the firm. Journal of Political Economy 88 2 (1980) 288-307
    • (1980) Journal of Political Economy , vol.88 , Issue.2 , pp. 288-307
    • Fama, E.F.1
  • 27
    • 0001167584 scopus 로고    scopus 로고
    • Markets as politics: a political-cultural approach to market institutions
    • Fligstein N. Markets as politics: a political-cultural approach to market institutions. American Sociological Review 61 4 (1996) 656
    • (1996) American Sociological Review , vol.61 , Issue.4 , pp. 656
    • Fligstein, N.1
  • 28
    • 84989059985 scopus 로고
    • Cultural roots of economic performance: a research note
    • Franke R.H., Hofstede G., and Bond M.H. Cultural roots of economic performance: a research note. Strategic Management Journal 12 4 (1991) 165-173
    • (1991) Strategic Management Journal , vol.12 , Issue.4 , pp. 165-173
    • Franke, R.H.1    Hofstede, G.2    Bond, M.H.3
  • 30
    • 0040428441 scopus 로고    scopus 로고
    • The nature of diversified business groups: a research design and two case studies
    • Ghemawat P., and Khanna T. The nature of diversified business groups: a research design and two case studies. Journal of Industrial Economics 46 1 (1998) 35-61
    • (1998) Journal of Industrial Economics , vol.46 , Issue.1 , pp. 35-61
    • Ghemawat, P.1    Khanna, T.2
  • 32
    • 0038471245 scopus 로고    scopus 로고
    • The determinants of executive compensation in family-controlled public corporations
    • Gomez-Mejia L.R., Larraza-Kintana M., and Makri M. The determinants of executive compensation in family-controlled public corporations. Academy of Management Journal 46 2 (2003) 226-237
    • (2003) Academy of Management Journal , vol.46 , Issue.2 , pp. 226-237
    • Gomez-Mejia, L.R.1    Larraza-Kintana, M.2    Makri, M.3
  • 34
    • 84936824352 scopus 로고
    • Economic action and social structure: the problem of embeddedness
    • Granovetter M. Economic action and social structure: the problem of embeddedness. The American Journal of Sociology 91 3 (1985) 481-510
    • (1985) The American Journal of Sociology , vol.91 , Issue.3 , pp. 481-510
    • Granovetter, M.1
  • 35
    • 0000144671 scopus 로고
    • Smelser N.J., and Swedborg R. (Eds), Princeton University, Princeton, NJ
    • Granovetter M. In: Smelser N.J., and Swedborg R. (Eds). Business Groups. Handbook of Economic Sociology (1994), Princeton University, Princeton, NJ 453-475
    • (1994) Business Groups. Handbook of Economic Sociology , pp. 453-475
    • Granovetter, M.1
  • 36
    • 0001103387 scopus 로고
    • Contract enforceability and economic institutions in early trade: the Maghribi traders' coalition
    • Greif A. Contract enforceability and economic institutions in early trade: the Maghribi traders' coalition. American Economic Review 83 3 (1993) 525
    • (1993) American Economic Review , vol.83 , Issue.3 , pp. 525
    • Greif, A.1
  • 37
    • 0001081862 scopus 로고    scopus 로고
    • The influence of cultural individualism-collectivism, self construals, and individual values on communication styles across cultures
    • Gudykunst W.B., Matsumoto Y., Ting-Toomey S., Nishida T., Kim K., and Heyman S.A.M. The influence of cultural individualism-collectivism, self construals, and individual values on communication styles across cultures. Human Communication Research 22 4 (1996) 510-543
    • (1996) Human Communication Research , vol.22 , Issue.4 , pp. 510-543
    • Gudykunst, W.B.1    Matsumoto, Y.2    Ting-Toomey, S.3    Nishida, T.4    Kim, K.5    Heyman, S.A.M.6
  • 38
    • 0035617478 scopus 로고    scopus 로고
    • Is globalization civilizing, destructive or feeble? A critique of five key debates in the social science literature
    • Guillén M.F. Is globalization civilizing, destructive or feeble? A critique of five key debates in the social science literature. Annual Review of Sociology 27 1 (2001) 235
    • (2001) Annual Review of Sociology , vol.27 , Issue.1 , pp. 235
    • Guillén, M.F.1
  • 40
    • 60449083624 scopus 로고    scopus 로고
    • Exploring the construct of family business in the emerging markets
    • (http://craftoptions.com/compendium/cultural%20sensitivity.pdf)
    • Gupta V., Levenburg N., Moore L.L., Motwani J., and Schwarz T.V. Exploring the construct of family business in the emerging markets. International Journal of Business and Emerging Markets (2008). http://craftoptions.com/compendium/cultural%20sensitivity.pdf (http://craftoptions.com/compendium/cultural%20sensitivity.pdf)
    • (2008) International Journal of Business and Emerging Markets
    • Gupta, V.1    Levenburg, N.2    Moore, L.L.3    Motwani, J.4    Schwarz, T.V.5
  • 41
    • 0036232528 scopus 로고    scopus 로고
    • The institutional environment for infrastructure investment
    • Henisz W.J. The institutional environment for infrastructure investment. Industrial and Corporate Change 11 2 (2002) 355
    • (2002) Industrial and Corporate Change , vol.11 , Issue.2 , pp. 355
    • Henisz, W.J.1
  • 44
    • 47849117747 scopus 로고
    • Motivation, leadership, and organization: do American theories apply abroad
    • Hofstede G. Motivation, leadership, and organization: do American theories apply abroad. Organizational Dynamics 9 1 (1980) 42-63
    • (1980) Organizational Dynamics , vol.9 , Issue.1 , pp. 42-63
    • Hofstede, G.1
  • 47
    • 0033775876 scopus 로고    scopus 로고
    • Modernization, cultural change, and the persistence of traditional values
    • Inglehart R., and Baker W.E. Modernization, cultural change, and the persistence of traditional values. American Sociological Review 65 1 (2000) 19
    • (2000) American Sociological Review , vol.65 , Issue.1 , pp. 19
    • Inglehart, R.1    Baker, W.E.2
  • 49
    • 44649197264 scopus 로고
    • Theory of the firm: managerial behavior, agency costs and ownership structure
    • Jensen M.C., and Meckling W.H. Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Financial Economics 3 4 (1976) 305-360
    • (1976) Journal of Financial Economics , vol.3 , Issue.4 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.H.2
  • 50
    • 33746358228 scopus 로고    scopus 로고
    • Bringing history (back) into international business
    • Jones G., and Khanna T. Bringing history (back) into international business. Journal of International Business Studies 37 4 (2006) 453-468
    • (2006) Journal of International Business Studies , vol.37 , Issue.4 , pp. 453-468
    • Jones, G.1    Khanna, T.2
  • 51
    • 0002893381 scopus 로고
    • The dynamics of family controlled firms: the good and the bad news
    • Kets de Vries M.F.R. The dynamics of family controlled firms: the good and the bad news. Organizational Dynamics 21 3 (1993) 59-71
    • (1993) Organizational Dynamics , vol.21 , Issue.3 , pp. 59-71
    • Kets de Vries, M.F.R.1
  • 52
    • 0034339386 scopus 로고    scopus 로고
    • The future of business groups in emerging markets: long-run evidence from Chile
    • Khanna T., and Palepu K. The future of business groups in emerging markets: long-run evidence from Chile. Academy of Management Journal 43 3 (2000) 268-285
    • (2000) Academy of Management Journal , vol.43 , Issue.3 , pp. 268-285
    • Khanna, T.1    Palepu, K.2
  • 53
    • 0001937627 scopus 로고    scopus 로고
    • Estimating the performance effects of business groups in emerging markets
    • Khanna T., and Rivkin J.W. Estimating the performance effects of business groups in emerging markets. Strategic Management Journal 22 1 (2001) 45
    • (2001) Strategic Management Journal , vol.22 , Issue.1 , pp. 45
    • Khanna, T.1    Rivkin, J.W.2
  • 54
    • 33744930866 scopus 로고    scopus 로고
    • A quarter century of culture's consequences: a review of empirical research incorporating Hofstede's cultural values framework
    • Kirkman B.L., Lowe K.B., and Gibson C.B. A quarter century of culture's consequences: a review of empirical research incorporating Hofstede's cultural values framework. Journal of International Business Studies 37 3 (2006) 285-320
    • (2006) Journal of International Business Studies , vol.37 , Issue.3 , pp. 285-320
    • Kirkman, B.L.1    Lowe, K.B.2    Gibson, C.B.3
  • 55
    • 0040517193 scopus 로고    scopus 로고
    • Does social capital have an economic payoff? A cross-country investigation
    • Knack S., and Keefer P. Does social capital have an economic payoff? A cross-country investigation. Quarterly Journal of Economics 112 4 (1997) 1251
    • (1997) Quarterly Journal of Economics , vol.112 , Issue.4 , pp. 1251
    • Knack, S.1    Keefer, P.2
  • 56
    • 0034553083 scopus 로고    scopus 로고
    • Assessing the contribution of venture capital to innovation
    • Kortum S., and Lerner J. Assessing the contribution of venture capital to innovation. RAND Journal of Economics 31 4 (2000) 674-692
    • (2000) RAND Journal of Economics , vol.31 , Issue.4 , pp. 674-692
    • Kortum, S.1    Lerner, J.2
  • 57
    • 0033249245 scopus 로고    scopus 로고
    • Organizational legitimacy under conditions of complexity: the case of the multinational enterprise
    • Kostova T., and Zaheer S. Organizational legitimacy under conditions of complexity: the case of the multinational enterprise. Academy of Management Review 24 1 (1999) 64-81
    • (1999) Academy of Management Review , vol.24 , Issue.1 , pp. 64-81
    • Kostova, T.1    Zaheer, S.2
  • 58
    • 2642561799 scopus 로고    scopus 로고
    • From markets to partnerships and hierarchies to coalitions: perspectives on the modern multinational corporation
    • Kotabe M., and Mudambi R. From markets to partnerships and hierarchies to coalitions: perspectives on the modern multinational corporation. Journal of International Management 10 2 (2004) 147-150
    • (2004) Journal of International Management , vol.10 , Issue.2 , pp. 147-150
    • Kotabe, M.1    Mudambi, R.2
  • 59
    • 0000367973 scopus 로고
    • The political economy of the rent-seeking society
    • Krueger A.O. The political economy of the rent-seeking society. American Economic Review 64 3 (1974) 291
    • (1974) American Economic Review , vol.64 , Issue.3 , pp. 291
    • Krueger, A.O.1
  • 62
    • 0346613552 scopus 로고    scopus 로고
    • Stock markets, banks, and economic growth
    • Levine R., and Zervos S. Stock markets, banks, and economic growth. American Economic Review 88 3 (1998) 537-558
    • (1998) American Economic Review , vol.88 , Issue.3 , pp. 537-558
    • Levine, R.1    Zervos, S.2
  • 63
    • 8344258460 scopus 로고    scopus 로고
    • Two faces: effects of business groups on innovation in emerging economies
    • Mahmood I.P., and Mitchell W. Two faces: effects of business groups on innovation in emerging economies. Management Science 50 10 (2004) 1348-13651
    • (2004) Management Science , vol.50 , Issue.10 , pp. 1348-13651
    • Mahmood, I.P.1    Mitchell, W.2
  • 69
  • 70
    • 0031311992 scopus 로고    scopus 로고
    • European patterns of corporate ownership: a twelve-country study
    • Pedersen T., and Thomsen S. European patterns of corporate ownership: a twelve-country study. Journal of International Business Studies 28 4 (1997) 759-778
    • (1997) Journal of International Business Studies , vol.28 , Issue.4 , pp. 759-778
    • Pedersen, T.1    Thomsen, S.2
  • 74
    • 0039056187 scopus 로고    scopus 로고
    • The value of diversification during the conglomerate merger wave
    • Servaes H. The value of diversification during the conglomerate merger wave. Journal of Finance 51 4 (1996) 1201-1225
    • (1996) Journal of Finance , vol.51 , Issue.4 , pp. 1201-1225
    • Servaes, H.1
  • 75
    • 0030439567 scopus 로고    scopus 로고
    • Economic behavior in institutional environments: the corporate merger wave of the 1980s
    • Stearns L.B., and Allan K.D. Economic behavior in institutional environments: the corporate merger wave of the 1980s. American Sociological Review 61 4 (1996) 699-718
    • (1996) American Sociological Review , vol.61 , Issue.4 , pp. 699-718
    • Stearns, L.B.1    Allan, K.D.2
  • 76
    • 0007196187 scopus 로고    scopus 로고
    • New economic sociology: what has been accomplished, what is ahead
    • Taylor & Francis Ltd
    • Swedberg R. New economic sociology: what has been accomplished, what is ahead. Acta Sociologica 40(2) (1997), Taylor & Francis Ltd 161-182
    • (1997) Acta Sociologica , vol.40 2 , pp. 161-182
    • Swedberg, R.1
  • 78
    • 84936824407 scopus 로고
    • Comparative economic organization: the analysis of discrete structural alternatives
    • Williamson O.E. Comparative economic organization: the analysis of discrete structural alternatives. Administrative Science Quarterly 36 2 (1991) 269-296
    • (1991) Administrative Science Quarterly , vol.36 , Issue.2 , pp. 269-296
    • Williamson, O.E.1
  • 79
    • 0002705221 scopus 로고
    • Transaction cost economics and organization theory
    • Smelser N., and Swedberg R. (Eds), Princeton University Press, Princeton, NJ
    • Williamson O.E. Transaction cost economics and organization theory. In: Smelser N., and Swedberg R. (Eds). Handbook of Economic Sociology (1994), Princeton University Press, Princeton, NJ 77-107
    • (1994) Handbook of Economic Sociology , pp. 77-107
    • Williamson, O.E.1
  • 81
    • 0031488129 scopus 로고    scopus 로고
    • Country effects on information seeking in global electronic networks
    • Zaheer S., and Zaheer A. Country effects on information seeking in global electronic networks. Journal of International Business Studies 28 1 (1997) 77-100
    • (1997) Journal of International Business Studies , vol.28 , Issue.1 , pp. 77-100
    • Zaheer, S.1    Zaheer, A.2
  • 82
    • 0001188962 scopus 로고
    • Beyond the polemics on the market: establishing a theoretical and empirical agenda
    • Zelizer V.A. Beyond the polemics on the market: establishing a theoretical and empirical agenda. Sociological Forum 3 4 (1988) 614
    • (1988) Sociological Forum , vol.3 , Issue.4 , pp. 614
    • Zelizer, V.A.1
  • 83
    • 0002268519 scopus 로고
    • Zukin S., and DiMaggio P. (Eds), Cambridge University Press, Cambridge
    • Zukin S., and DiMaggio P. In: Zukin S., and DiMaggio P. (Eds). Introduction. Structures of Capital (1990), Cambridge University Press, Cambridge 1-36
    • (1990) Introduction. Structures of Capital , pp. 1-36
    • Zukin, S.1    DiMaggio, P.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.