Ownership structure and the use of non-family executives in family-dominated Chinese listed firms: An institutional logics perspective

To investigate the use of non-family versus family executives in family-dominated, publicly listed firms, we consider ownership concentration both at the firm level and within the dominant family. Whereas the appointment of family executives is supported by an institutional logic of family control, the use of non-family, professional executives is guided by a shareholder logic. We suggest that higher levels of ownership held by the dominant...