Suchergebnisse

The article is devoted to one of the most important aspects in England's history of the second half of the XVI century, in particular, the transformation of the English economy at the beginning of the early Modern Times. The issues of formation and structure of the Ishams' family corporation which was set up and functioned within the company of the Merchant Adventurers as well as peculiarities of their trade are examined basing on the analysis of «Two Account Books of John Isham». Special attention is paid to the clarification of the dependence of the structure and the direction of the Isham brothers' trade from the leading tendencies of England's economic development of the period mentioned above.

This article interrogates feminist frameworks for understanding the racial and sexual politics of United States secularism. It theorizes the history of religious freedom law as a history of racial performance. Reading the aesthetic practices surrounding the Burwell v. Hobby Lobby case and the subsequent consumer culture flurry around Justice Ruth Bader Ginsburg, and building on accounts of religious freedom law as a vehicle for launching competing rights-based claims, the author shows the processes through which Hobby Lobby's Christian family secured its religious exemption by conjuring ghosts of settler dispossession of indigenous people, even as an elderly Jewish justice was made to refuse submissive white femininity in the likeness of rapper Biggie Smalls. Circulated as competing minstrel brands, both performances consolidate the anti-Black and settler colonial grounds on which religious freedom laws—as well as some forms of mainstream protest against them—have flourished under neoliberal capitalism.

Purpose
– This paper aims to clarify the relationship between institutional framework, concentration of ownership in family firms and results.


Design/methodology/approach
– Data comprises two samples of family firms from eight Latin American countries and Spain in the year 2010. The first sample contains the largest 20 corporations from each country. The second comprises the 20 largest listed family corporations in each country. To test the hypothesis, the study uses ordinary least squares.


Findings
– First, firms located in countries with a higher than average quality of the institutional and regulatory frameworks are less concentrated in ownership than firms located in countries with lower than average quality and development of institutional and regulatory framework. Second, the influence of the concentration of the ownership in the performance is more important in countries with higher developed institutional and regulatory frameworks. Finally, first-generation large family firms obtain higher results than large family firms in second generation or beyond.


Research limitations/implications
– The study is limited to one year and there are few family firms in Latin American countries. The study only considers some features of ownership, and there is no information about board of directors
'
composition.


Practical implications
– Institutional framework determines concentration of ownership in family firms and the influence of concentration of ownership in performance.


Originality/value
– The study provides new evidence in areas of corporate governance and family firms, analysing a sample of Latin American and Spanish firms, representatives of the civil legal system and a weaker institutional framework. The study uses the corruption perception index like a control variable.