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

Amir Shoham; Varda Yaari

doi:10.22495/cocv6i4sip3

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

Amir Shoham, Varda Yaari

Research output: Contribution to journal › Article › peer-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 language	English
Pages (from-to)	524-531
Number of pages	8
Journal	Corporate Ownership and Control
Volume	6
Issue number	4 F SPEC. ISSUE
DOIs	https://doi.org/10.22495/cocv6i4sip3
State	Published - 1 Jan 2009
Externally published	Yes

Keywords

Cultural differences
Family-owned firms
International study
Ownership type

ASJC Scopus subject areas

Business, Management and Accounting (all)

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10.22495/cocv6i4sip3

Cite this

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

Abstract

Keywords

ASJC Scopus subject areas

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