How do cross-country differences in institutional trust and trust in family explain the mixed performance effects of family management? A meta-analysis

Despite its importance, there is no clear understanding of the uniqueness of family firms’ internationalization. This article sheds new light on this issue with a meta–analysis of 76 studies covering 41 countries. We show that the considerable study and cross–country differences in the relationship between family firm and internationalization are explained by the roles of family control, internationalization types, and home countries’ institutional contexts (i.e., minority shareholders protection and generalized trust of people from other countries). Therefore, we examine the existing divergent results using theories that reconcile some of these mixed findings and shed light on family firms’ specific internationalization challenges.

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How Does Firm Size Explain Cross-Country Differences in Ownership Concentration?

SSRN Electronic Journal ◽

10.2139/ssrn.3547092 ◽

2020 ◽

Author(s):

Fariborz Moshirian ◽

Nguyen Thi Thuy ◽

Jin Yu ◽

Bohui Zhang

Keyword(s):

Firm Size ◽

Ownership Concentration ◽

Country Differences ◽

Cross Country

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Connections Between Cultures: Using Empirical Distributions for Measuring Cultural Differences

Journal of Cross-Cultural Psychology ◽

10.1177/0022022120982370 ◽

2020 ◽

pp. 002202212098237

Author(s):

Wolfgang Messner

Keyword(s):

Cultural Values ◽

Cultural Differences ◽

Distance Measures ◽

Cultural Variation ◽

Group Level ◽

Psychological Phenomena ◽

Empirical Distributions ◽

Leibler Divergence ◽

Country Differences ◽

Cross Country

The past few decades have seen an explosion in the interest in cultural differences and their impact on many aspects of business management. A noticeable feature of most academic studies and practitioner approaches is the predominant use of national boundaries and group-level averages as delimiters and proxies for culture. However, this largely ignores the significance that intra-country differences and cross-country similarities can have for identifying psychological phenomena. This article argues for the importance of considering intra-cultural variation for establishing connections between two different cultures. It uses empirical distributions of cultural values that occur naturally within a country, thereby making intracultural differences interpretable and actionable. For measuring cross-country differences, the Gini/Weitzman overlapping index and the Kullback-Leibler divergence coefficient are used as difference measures between two distributions. The properties of these measures in comparison to traditional group-level mean-based distance measures are analyzed, and implications for cross-cultural and international business research are discussed.

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The Link Between SRI and Financial Performance: Effects and Moderators

Management international ◽

10.7202/1015403ar ◽

2013 ◽

Vol 17 (2) ◽

pp. 105-122 ◽

Cited By ~ 3

Author(s):

Christophe Revelli ◽

Jean-Laurent Viviani

Keyword(s):

Financial Performance ◽

Meta Analysis ◽

Socially Responsible Investment ◽

Empirical Literature ◽

Empirical Methods ◽

Socially Responsible ◽

Responsible Investment ◽

Counting Approach ◽

Performance Effects ◽

Vote Counting

Over the last twenty years, the debate on financial performance of socially responsible investment (SRI) has not yielded a clear consensus, arguing mainly that there was no difference in performance between SRI and ‘conventional’ investment, although SRI could underperform or outperform in some cases. Our research, based on a meta-analysis ‘vote-counting’ approach of the empirical literature, allows us to observe that the effects of SRI on financial performance are multiple. Second, we conclude that the financial performance of SRI is radically changing according to the empirical methods employed by researchers.

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