IDEAS home Printed from https://ideas.repec.org/a/taf/rcjaxx/v11y2023i3p660-693.html
   My bibliography  Save this article

Clan culture and internal pay gap: evidence from listed family firms

Author

Listed:
  • Guoyiming Zhu
  • Guangyong Lei
  • Jingjing Zuo

Abstract

Clan culture, as an enduring traditional culture in China, has a profound impact on the internal governance and sustainable development of family firms. This study reveals a significant positive relationship between regional clan culture and the pay gap within family firms. This relationship is primarily realised through the mechanism of internal trust. Moreover, the positive relationship is more pronounced in firms with local executives, same-name executives, and family members, as well as in regions with high marketing intensity, a thriving economic environment, and openness to the outside world. The study also suggests that the pay gap resulting from clan culture reinforces the conservative impact on the performance, market value, and productivity of family firms in economic sequences. By highlighting the negative effects of clan culture on family business, this research contributes to the literature on corporate governance within a cultural framework.

Suggested Citation

  • Guoyiming Zhu & Guangyong Lei & Jingjing Zuo, 2023. "Clan culture and internal pay gap: evidence from listed family firms," China Journal of Accounting Studies, Taylor & Francis Journals, vol. 11(3), pages 660-693, July.
    • Handle: RePEc:taf:rcjaxx:v:11:y:2023:i:3:p:660-693
    DOI: 10.1080/21697213.2023.2239664
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/21697213.2023.2239664
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/21697213.2023.2239664?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rcjaxx:v:11:y:2023:i:3:p:660-693. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rcja .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.