The role of family management and ownership on semi-globalization pattern of globalization: The case of family business groups

Hsi-Mei Chung

International Business Review, 2014, vol. 23, issue 1, 260-271

Abstract: Employing a multi-level with longitudinal concern data analysis this research examines the impact from family management and ownership on semi-globalization pattern of globalization in family business groups from an integrated framework. The results reveal that the more likelihood that the controlling family utilize family management in the subsidiary, and the higher degree of pyramidal ownership in the subsidiary, the more likelihood that the family business group will choose to engage in the host regions. Additionally, family management and pyramidal ownership is positively related with the choice to engage in a higher difference region instead of a lower difference region in family business groups. The theoretical and future research implications of these findings for family enterprises and globalization research are discussed.

Keywords: Agency theory; Family business group; Family management; Pyramidal ownership; Resource-based theory; Semi-globalization; Transaction cost theory (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:iburev:v:23:y:2014:i:1:p:260-271

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DOI: 10.1016/j.ibusrev.2013.04.005

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