The Influence of National Culture and Institutional Voids on Family Ownership of Large Firms: A Country Level Empirical Study

@article{Chakrabarty2009TheIO,
  title={The Influence of National Culture and Institutional Voids on Family Ownership of Large Firms: A Country Level Empirical Study},
  author={Subrata Chakrabarty},
  journal={Banking \& Financial Institutions},
  year={2009}
}
There is considerable variation across countries in both the extent to which large publicly listed firms are family-owned and the dominance of such family-owned firms in stock markets. The literature presents competing theoretical viewpoints on what influences such country-level variation. On one hand, institutional economists suggest that institutional voids can have a strong influence. On the other hand, cultural sociologists suggest that a country's culture can have a strong influence. One… Expand
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