The Impact of Politically Connected CEOs and Boards of Directors on Firm Performance:A Study of Vietnamese Family and Nonfamily Firms

Dinh, Trung Quang and Calabrò, Andrea and Campopiano, Giovanna and Basco, Rodrigo (2021) The Impact of Politically Connected CEOs and Boards of Directors on Firm Performance:A Study of Vietnamese Family and Nonfamily Firms. Entrepreneurship: Theory and Practice. ISSN 1042-2587

[img]
Text (Dihn et al_Accepted for Publication)
Dihn_et_al_Accepted_for_Publication.pdf - Accepted Version
Available under License Creative Commons Attribution-NonCommercial-NoDerivs.

Download (798kB)

Abstract

Integrating new institutional economics and resource dependence theory, this study investigates whether in transition economies, characterized by shifting from centrally commanded to more market-oriented economies, there are performance differences among family firms (FFs), nonfamily firms (non-FFs), and former state-owned enterprises (former SOEs), and whether political connections affect these differences. Our findings suggest that FFs outperform non-FFs and former SOEs, unless non-FFs have politically connected CEOs. The performance gap in favor of FFs increases at high levels of board political connection intensity. Among FFs, the top-performing ones either promote nonfamily leadership or combine family leadership with politically connected boards of directors.

Item Type:
Journal Article
Journal or Publication Title:
Entrepreneurship: Theory and Practice
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2000/2002
Subjects:
ID Code:
151318
Deposited By:
Deposited On:
03 Feb 2021 09:11
Refereed?:
Yes
Published?:
Published
Last Modified:
04 Aug 2021 04:55