Content area
Abstract
This study examines the relationship between family control and young entrepreneurial firm's bribing behavior around the globe. Relying on over 2,000 young firms from the World Bank Environment Survey, we find that family control helps to reduce a firm's bribery behavior, but further investigation shows that this effect only exists in countries with weaker macro-governance environment. In countries with more established and transparent governance mechanism, family control does not seem to make any difference. We interpret our findings as the business family's preservation of socioemotional wealth.
Details
Title
Family Control, Socioemotional Wealth, and Governance Environment: The Case of Bribes
Author
Ding, Shujun 1 ; Qu, Baozhi 2 ; Wu, Zhenyu 3
1 Telfer School of Management, University of Ottawa, Ottawa, ON, Canada
2 China Merchants Group, and University of International Business and Economics, Shenzhen, China
3 Canada Research Chair in Entrepreneurship and Innovation, Asper School of Business, University of Manitoba, Winnipeg, MB, Canada
1 Telfer School of Management, University of Ottawa, Ottawa, ON, Canada
2 China Merchants Group, and University of International Business and Economics, Shenzhen, China
3 Canada Research Chair in Entrepreneurship and Innovation, Asper School of Business, University of Manitoba, Winnipeg, MB, Canada
Pages
639-654
Publication year
2016
Publication date
Jul 2016
ISSN
01674544
e-ISSN
15730697
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
1811187744
Copyright
Springer Science+Business Media Dordrecht 2016