Xiaowei Rose Luo

TL;DR: In this paper, the co-existence of government regulations and guidelines has been investigated in the context of corporate social responsibility (CSR) disclosure, and the coexistence of con...

TL;DR: It is suggested that as a baseline outside successors enhance firm profitability because of the large-scale and rapid changes in emerging markets, however, this outsider premium is reduced in firms embedded in family and business group relationships, where family and inside successors can better access network resources.

TL;DR: This study analysis of how various combinations of family control over ownership, strategy, and operations yield different benefits and costs for the operational performance of firms in the absence of strong market and legal institutions highlights the importance of weak institutions in shaping relative agency costs.

TL;DR: It is found that, consistent with both mechanisms, family-controlled business groups are less likely to divest of unrelated businesses, but the institutional logics mechanism can better explain the relative lack of unrelated acquisition in family- controlled groups and the difference in divestiture between groups with more shareholder-based groups.

TL;DR: Proposing a social movement perspective on MNCs' responsiveness to social issues in emerging markets, this work identifies the mechanisms by which online activists grab firms' attention and force them to become more socially responsive.