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Pré-Publication, Document De Travail Année : 2023

The Role of Culture in Family Business

Résumé

While family firms are ubiquitous, their prevalence displays wide spatial differences. Also, their performance ability varies significantly across contexts. A large literature in economics and finance has shown that institutional factors play a key role in explaining variations in the diffusion of family firms and their performance attainment. In this article, I review a young, fast-growing stream of research which focuses on culture as a source of these variations. By discussing existing theories, methods and findings, this article illustrates how focusing on cultural elements such as trust, religion, family values and collectivism provides a useful lens to answer the important questions of why family firms exist and how well they perform.
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hal-04414172 , version 1 (24-01-2024)

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Mario Daniele Amore. The Role of Culture in Family Business. 2023. ⟨hal-04414172⟩

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