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Family Control, Socioemotional Wealth, and Governance Environment: The Case of Bribes.
- Source :
- Journal of Business Ethics; Jul2016, Vol. 136 Issue 3, p639-654, 16p, 6 Charts
- Publication Year :
- 2016
-
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. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01674544
- Volume :
- 136
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Journal of Business Ethics
- Publication Type :
- Academic Journal
- Accession number :
- 116815981
- Full Text :
- https://doi.org/10.1007/s10551-015-2538-z