地方政权结构与家族企业财富集中

IF 5.6 1区管理学 Q1 BUSINESS

Family Business Review Pub Date : 2022-12-23 DOI:10.1177/08944865221140647

Xuan He, Yingyu Zhang, Weicheng Xiao

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引用次数: 0

摘要

财富集中是世界范围内普遍存在的问题，研究表明，财富最集中于家族企业。我们考察了地方政治结构对家族企业财富集中的影响，发现(a)法律上的政治权力(省委书记更替)的变化暂时抑制了家族企业财富集中，(b)地方事实上的权力对这种影响提供了强大的反补贴保护，(c)省委书记的任期与财富集中之间存在u型关系。这一调查加深了我们对家族企业政治联系与财富集中之间关系的理解。

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Structure of Local Political Power and Family Firms’ Concentration of Wealth

Wealth concentration is a common problem worldwide, and research reveals that wealth is most concentrated in family firm holdings. We examined the influence of local political structure on the concentration of family firm wealth and found that (a) changes in de jure political power (provincial party secretary turnover) temporarily inhibit family firm wealth concentration, (b) local de facto power offers strong countervailing protection against this effect, and (c) there is a U-shaped relationship between the tenure of the provincial party secretary and wealth concentration. This investigation deepens our understanding of the relationship between family firm political connections and wealth concentration.

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来源期刊

Family Business Review BUSINESS-

CiteScore

12.40

自引率

13.60%

发文量

期刊介绍： Family Business Review (FBR) has been a refereed journal since 1988, serving as the premier scholarly publication dedicated to the study of family-controlled enterprises. It delves into the dynamics of these businesses, encompassing a range of sizes from small to very large. FBR concentrates not only on the entrepreneurial founding generation but also on family enterprises in subsequent generations, including some of the world's oldest companies. The journal also publishes interdisciplinary research covering families of wealth, family foundations, and offices.