Family Firms in the Ownership Network: Clustering, Bridging, and Embeddedness
研究了家族企业在公司间所有权网络中的位置,发现家族参与会降低企业集团隶属和跨集团联系的可能性,从而降低整体网络嵌入性,而社区参与则有相反效果。
In this article, we investigate family firms' position in the intercorporate ownership network. Rooting our predictions in the Behavioral Agency Model and a Network analytical framework, we predict and find that family involvement decreases the likelihood of business group affiliation and of cross-group ties leading to a lower embeddedness within the overall network. We predict and find the opposite effect for community involvement. We use the complete longitudinal dataset of publicly listed firms' corporate ownership ties in India (2001, 2005, and 2009). Theoretical and substantive contributions are to research on family businesses and to research on interorganizational networks.