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Resource Extension and Status Identity: Marriage Ties among Family Business Groups in an Emerging Economy1

Resource Extension and Status Identity: Marriage Ties among Family Business Groups in an Emerging... Intermarriage ties among business families remain underexamined, especially when such ties involve complex concerns over firm resources and family social status. The authors develop a framework that specifies how business families’ resource considerations promote marriage ties and how such strategic effects vary among families with distinct social status standings during market transition. Data on dyadic marriage ties among large family business groups in Taiwan from 1973 to 2010 demonstrate that marriage ties are jointly driven by strategic concerns about resources and the social status dynamics of the controlling families: two business groups are more likely to intermarry when the marriage provides complementary resources and controlling families have elite social status. However, the impact of complementary resources is less pronounced for elite families. Moreover, when external market institutions develop, the positive effect of complementary resources decays, whereas that of elite social status remains. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Journal of Sociology University of Chicago Press

Resource Extension and Status Identity: Marriage Ties among Family Business Groups in an Emerging Economy1

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Publisher
University of Chicago Press
Copyright
© 2021 The University of Chicago. All rights reserved.
ISSN
0002-9602
eISSN
1537-5390
DOI
10.1086/718027
Publisher site
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Abstract

Intermarriage ties among business families remain underexamined, especially when such ties involve complex concerns over firm resources and family social status. The authors develop a framework that specifies how business families’ resource considerations promote marriage ties and how such strategic effects vary among families with distinct social status standings during market transition. Data on dyadic marriage ties among large family business groups in Taiwan from 1973 to 2010 demonstrate that marriage ties are jointly driven by strategic concerns about resources and the social status dynamics of the controlling families: two business groups are more likely to intermarry when the marriage provides complementary resources and controlling families have elite social status. However, the impact of complementary resources is less pronounced for elite families. Moreover, when external market institutions develop, the positive effect of complementary resources decays, whereas that of elite social status remains.

Journal

American Journal of Sociology – University of Chicago Press

Published: Nov 1, 2021

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