Empirical study of Cultural inheritance and Family business governance

DOI

10.2991/ebmcsr-18.2018.41How to use a DOI?

Keywords

family firm， Cultural inheritance， Corporate governance， Firm value

Abstract

Family firm is a common form of economic organization, a considerable proportion in the world economy, the family governance mode has its unique advantages. Many factors that affect the governance of family business, culture is a most influential far. Since the reform and opening, the family business is increasing year by year. And the success of the family business very rare phenomenon that, in the initiative, there are many difficulties and obstacles in the development process of the passive adjustment. The successful enterprises throughout the world, family enterprises accounted for a small proportion in them, and its economic performance is obviously better than that of other enterprises, visible family governance mode is not backward way but the traditional. The governance theory cannot explain many special phenomena and prominent family relationship due to involvement. Based on this fact, from the cultural perspective to value family firm governance, this article uses the data of Chinese listed family firms that occured cultural inheritance , to test the relationship between family firms governance and firm value through empirical study.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Haifei Wang
PY  - 2018/11
DA  - 2018/11
TI  - Empirical study of Cultural inheritance and Family business governance
BT  - Proceedings of the 2018 International Conference on Economics, Business, Management and Corporate Social Responsibility (EBMCSR 2018)
PB  - Atlantis Press
SP  - 217
EP  - 227
SN  - 2352-5428
UR  - https://doi.org/10.2991/ebmcsr-18.2018.41
DO  - 10.2991/ebmcsr-18.2018.41
ID  - Wang2018/11
ER  -