Family Involvement, Governmental Connections, and IPO Underpricing of SMEs in China

Yang, Jie; Ma, Jieqiong; Doty, D. Harold

doi:10.1177/0894486520905180

Cited by 29 publications

(26 citation statements)

References 67 publications

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“…A central tenet of BAM is that family firms' decisions depend on the reference point of decision‐makers, aiming to preserve or increase their SEW endowment (Cennamo et al, 2012; Samara et al, 2018; Swab et al, 2020). The SEW framework is effective in explaining how family involvement affects firms' decisions in both developed countries (Cennamo et al, 2012; Samara et al, 2018) and emerging markets (Jiao et al, 2021; Yang et al, 2020), as non‐financial priorities of SEW prevail in both contexts (Swab et al, 2020).…”

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

What to green: Family involvement and different types of eco‐innovation

2022

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Research on the relationship between family involvement and eco-innovation presents conflicting results. To address this issue, this study explores the role of family involvement in eco-innovation by dividing it into pollution prevention and cleaner production types. We propose that family involvement positively relates to pollution prevention eco-innovation, but negatively relates to cleaner production eco-innovation. Moreover, we explore the boundary conditions of the proposed relationships.We also contend that internal social capital positively moderates the relationship between family involvement and eco-innovation in both types of eco-innovation, while external social capital exhibits positive and negative moderating impacts on pollution prevention and cleaner production, respectively. Data from Chinese listed firms from 2007 to 2019 support these arguments. This study adds to the family business research and eco-innovation literature by providing a more comprehensive view of the role of family engagement in eco-innovation.

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Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

What to green: Family involvement and different types of eco‐innovation

2022

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“…In China, Yang, Ma, and Doty (2020), discussed two forms of CSR: the first one is on family-owned SMEs (small and medium-sized enterprise) with emphasis on local reputation. The second form of CSR is in the corporate, which are mostly governmental organizations, demonstrating global and national societal expectations.…”

Section: Review On the Concept Of Csrmentioning

confidence: 99%

Corporate social responsibility and stakeholder engagement in Ghana’s mining sector: a case study of Newmont Ahafo mines

Ansu‐Mensah

Marfo

Awuah

et al. 2021

Int J Corporate Soc Responsibility

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Even though the concept of Corporate Social Responsibility (CSR) has been applauded for several decades, the concept of stakeholder engagement is relatively new to the Ghanaian mining sector. This study investigates the CSR process of an extractive company and examines how stakeholders are engaged in CSR. Using purposive and snowball sampling in identifying its respondents, data was gathered through interviewing 21 selected respondents from various stakeholder groups and documents such as sustainability annual reports were analyzed. It was discovered that Newmont Ahafo Mines has consistently had a prominent CSR drive in Ghana for several years and stakeholder involvement in CSR is important for implementing relevant CSR programs. Findings of this study contribute to the building of empirical reference which will serve as guidelines for management practitioners dealing with stakeholder relations and CSR in Ghana’s mining sector. Therefore, it is recommended that the mining sector put immense effort in engaging various stakeholders in their CSR initiatives.

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“…A contribution in an international context is made when the established theoretical relationships do not hold when we expect that they should, or when they hold when we expect that they should not (and these unexpected outcomes can be explained by the authors). For example, Yang et al (2020) studied the initial public offering (IPO) underpricing phenomena of family firms within China. They argue that the Chinese stock market is characterized by frequent rule changes, fewer professional managers, and relatively uninformed individual investors.…”

Section: Example Of a Successful Theoretical Contributionmentioning

confidence: 99%