OWNERSHIP STRUCTURE OF FAMILY BUSINESS GROUPS
ESTRUTURA DE PROPRIEDADE DE FAMILY BUSINESS GROUPS
DOI:
https://doi.org/10.33362/visao.v9i2.2470Keywords:
Family Business GroupAbstract
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.
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