| ID | 182818 |
| Title Proper | Clan culture and family ownership concentration |
| Other Title Information | evidence from China |
| Language | ENG |
| Author | Cheng, Jiameng |
| Summary / Abstract (Note) | This study explores a cultural determinant of family ownership concentration of a corporate. Using hand-collected Chinese genealogy information and a panel of Chinese listed family firms, we find robust evidence that clan culture influences are associated with a significantly higher family ownership concentration. By taking advantage of firm owner birthplace information, we are able to separate the impact of inherited clan culture from that of external environmental factors. To further establish causality, we also employ an instrumental variable (IV) regression strategy and explore the underlying mechanisms.
|
| `In' analytical Note | China Economic Review Vol. 70, Dec 2021: p.101692 |
| Journal Source | China Economic Review 2021-11 70, 70 |