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An international study on the impact of cultural factors on the prevalence of family-owned firms. ACES Working Papers, August 2010

Shoham, Amir and Yaari, Varda (2010) An international study on the impact of cultural factors on the prevalence of family-owned firms. ACES Working Papers, August 2010. [Working Paper]

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    Abstract

    A key question in international corporate governance is why certain in ownership types are prevalent in different countries around the world (La Prota et al., 1999). In this study, we provide an answer for the prevalence of the family-owned firms in 42 countries by examining key characteristics of culture. We show that family-ownership is positively correlated with power distance (PD), in-group collectivism (CI) and, insignificantly, with uncertainty avoidance (UA). Our study makes a contribution to the field since previous research used religion and language as umbrella constructs for culture, while we pinpoint specific cultural dimensions.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > business/private economic activity
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > American Consortium on European Union Studies > ACES Working Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 08 Jan 2015 14:30
    Number of Pages: 26
    Last Modified: 08 Jan 2015 14:30
    URI: http://aei.pitt.edu/id/eprint/59097

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