An Institution-Based View of Large Family Firms: A Recap and Overview
勾勒了大型家族企业所有权与控制的制度观，聚焦制度根源、制度关联性和制度转型，解释了为何伯利和米恩斯的“所有权与控制分离不可避免”假说在全球许多地区未获支持，并整合了制度观点与社会情感财富优先性的近期辩论。
This article sketches the contours of an institution-based view of family ownership and control in large firms, with a focus on institutional roots, institutional relatedness, and institutional transitions. The institution-based view brings considerable continuity to family-firm research. It also offers significant novelty in helping resolve some puzzles. Specifically, it answers why the Berle and Means hypothesis on the “inevitability” of separation of ownership and control has not received support in many parts of the world. Finally, its broad scope enables us to integrate institution-based arguments with an important recent debate on the socioemotional wealth (SEW) priorities of family firms.