Asia Pacific Journal of Management

, 26:513

Familial capitalism in global institutional contexts: Implications for corporate governance and entrepreneurship in East Asia

Article

DOI: 10.1007/s10490-008-9117-0

Cite this article as:
Steier, L.P. Asia Pac J Manag (2009) 26: 513. doi:10.1007/s10490-008-9117-0

Abstract

Many of the world’s firms have a familial dimension; including some of the most dynamic and emerging markets of East Asia. However, this important aspect of organizing economic activity remains understudied and misunderstood. A central theme of this article is that while families matter in economic activity throughout the world, they matter in different ways depending on the institutional context. To illustrate this theme a varieties of capitalism perspective is used to develop a rudimentary global comparative framework. Institutional context is portrayed as a key determinant of the degree and type of family governance that typify national economies. Implications for corporate governance and entrepreneurship in East Asia are discussed.

Keywords

Familial capitalismCorporate governanceAsiaFamily enterpriseEntrepreneurship

Copyright information

© Springer Science+Business Media, LLC 2008

Authors and Affiliations

  1. 1.University of Alberta School of BusinessEdmontonCanada