An international study of the impact of cultural factors on the prevalence of family-owned firms

Amir Shoham, Varda Yaari

Research output: Contribution to journalArticlepeer-review

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 spe-cific cultural dimensions.

Original languageEnglish
Pages (from-to)524-531
Number of pages8
JournalCorporate Ownership and Control
Volume6
Issue number4 F SPEC. ISSUE
DOIs
StatePublished - 1 Jan 2009
Externally publishedYes

Keywords

  • Cultural differences
  • Family-owned firms
  • International study
  • Ownership type

ASJC Scopus subject areas

  • Business, Management and Accounting (all)

Fingerprint

Dive into the research topics of 'An international study of the impact of cultural factors on the prevalence of family-owned firms'. Together they form a unique fingerprint.

Cite this