Informal institutions, shareholder coalitions, and principal–principal conflicts

Sauerwald, Steve; Peng, Mike W.

doi:10.1007/s10490-012-9312-x

Cited by 107 publications

(82 citation statements)

References 82 publications

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“…After several years of the business operation, most of the informal institutions will upgrade the informal setting to the formal institution via listing in the public exchange (Sauerwald & Peng, 2013). Informal institution will commonly be the firms that are not tightly governed with the formal written rule.…”

Section: Informal Institutionmentioning

confidence: 99%

Principal-Principal Conflicts and Socioemotional Wealth in Family Firms

Kuan

Fei

Tan

et al. 2017

IJEF

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Corporate governance is the concern of all the parties throughout the world regarding their viability in order to ensure the sustainability of the firm. As the family firms are listed in the public exchange, there are different kind of the investors in the corporation produce the resolution that are opposing to each other. Moreover, the large capital that is injected by the institutional investor complicates the role played in the corporation that shapes the culture and philanthropy. The phenomenon leads to the complex relationship in one corporation due to the different types of interest. Board composition and board independence are stretched by numerous scholars regarding the core importance in the corporation. Executive compensation is another area of corporate governance that is widely discussed by the scholars regarding the relationship with the long-term firm performance. Therefore, this review paper will focus on the application of the Principal-principal Conflicts theory and Socio-Emotional Wealth theory to narrate the whole scenario of the governance practice in the family firm. Throughout the paper, current rigorous practice of the family firms will be deeply investigated to cover the deep insights of the current phenomenon. The meticulous review of this paper is able to synthesize the significance of these theories towards the general governance setting in the family firms. Eventually, the working paradigm of the family firm can be clearly justified with the rationale that is justified. At the end of the review, the two main theories are concluded to be equally essential to illustrate the corporate governance practice in family firms across the globe.

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Section: Informal Institutionmentioning

confidence: 99%

Principal-Principal Conflicts and Socioemotional Wealth in Family Firms

Kuan

Fei

Tan

et al. 2017

IJEF

View full text Add to dashboard Cite

show abstract

“…The journal has also sought to remain at the forefront of research in developing the institutional view strategy (Sauerwald & Peng, 2013;Young, Tsai, Wang, Liu, & Ahlstrom, 2014), emerging economy multinational enterprises (Meyer & Thaijongrak, 2013;Popli & Sinha, 2014), comparative corporate governance (Ding, Sun, & Au, 2014;Filatotchev, Jackson, & Nakajima, 2013) and the board (Liu, Wang, Zhao, & Ahlstrom, 2013;Van Essen, Van Oosterhout, & Carney, 2012). In addition, APJM continues to publish extensive indigenous research on management in Asia (Ahlstrom, Chen, & Yeh, 2010;Horak & Klein, 2015;Leung, Chen, Zhou, & Lim, 2014;Li, 2012), the strategies and behaviors of Asian family firms and business groups (Au, Chiang, Birtch, & Ding, 2013;Yabushita, & Suehiro, 2014), and the role of government-business relationships (Dou & Li, 2013;Li, Chen, Liu, & Peng, 2014) and state enterprises (Maheshwari & Ahlstrom, 2004;Stan, Peng, & Bruton, 2014).…”

Section: Looking Forwardmentioning

confidence: 99%

Capacity building at the Asia Pacific Journal of Management

Carney

2015

Asia Pac J Manag

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“…Under such circumstances, informal financing becomes important to private enterprises. Finally, Sauerwald and Peng (2013) focus on how informal institutions impact principal-principal conflicts, which are often found in private and family businesses. They characterize much of the institution-based view of corporate governance (Young et al, 2008) as a "formal institution-based view," and complement and extending existing research by an explicit focus on informal institutions.…”

Section: Themes Of This Special Issuementioning

confidence: 99%