OWNERSHIP STRUCTURE OF FAMILY BUSINESS GROUPS
ESTRUTURA DE PROPRIEDADE DE FAMILY BUSINESS GROUPS
Palavras-chave:Ownership Structure, Family Business Groups. Ownership Structure. Market reforms
This study seeks to analyze the relationship between the ownership structure of Family Business Groups and the institutional environment. Family Business Groups prevail in emerging countries as diverse organizational structures that aggregate various companies under the control of a family or a reduced number of people. This economically relevant structure is responsible for a significant share of countries' Gross Domestic Product and frequently congregates the largest private companies in their respective countries. Institutional reforms have been implemented in emerging economies in order to support the integration of other nations from a trade perspective. This paper contributes to the literature by developing propositions on the effect of institutional reforms on the ownership structure of Family Business Groups.
Keywords: Family Business Groups. Ownership Structure. Market reforms.
Resumo: Este estudo busca analisar a relação entre a estrutura de propriedade de Family Business Groups e o ambiente institucional. Family Business Groups predominam em países emergentes como estruturas organizacionais variadas que agregam várias empresas sob o controle de uma família ou um número reduzido de pessoas. Essa estrutura economicamente relevante é responsável for uma parcela significativa do Produto Interno Bruto dos países e frequentemente congrega as maiores empresas privadas em seus respectivos países. Reformas institucionais foram implementadas em economias emergentes a fim de apoiar a integração de outras nações sob uma perspectiva comercial. Este artigo contribui com a literatura ao desenvolver proposições sobre o efeito de reformas institucionais na estrutura de propriedade de Family Business Groups.
Palavras-chave: Family Business Groups. Estrutura de propriedade. Reformas de mercado.
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