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Bound By Laws, Or By Values? A Multi-Level And Cross-National Approach To Understanding The Protection Of Minority Owners In Family Firms, Charles Stevens, Roland Kidwell, Robert Sprague
Bound By Laws, Or By Values? A Multi-Level And Cross-National Approach To Understanding The Protection Of Minority Owners In Family Firms, Charles Stevens, Roland Kidwell, Robert Sprague
Robert Sprague
How do firm-level attributes and country-level institutions affect cross-national and firm-level differences in how minority owner rights in family firms are protected?
We consider differences in family dynamics, stewardship-oriented organizational culture, and countries’ legal and cultural dimensions to develop theory predicting differences in minority owner protection in family firms. We advance propositions and a model delineating the role of these key firm-level and country-level constructs.
We contribute to the literature in three ways: 1) We illustrate the importance of family dynamics for predicting the likelihood of a stewardship-oriented culture to emerge in a family firm; 2) Our multi-level and cross-national …