Research on the Impact of Immigrant Marriages on Family Firm Value
Based on the resource-based view,this study examines the impact of immigrant marria-ges on firm value and the moderating effect of marital uncertainty,and further explores the value crea-ting effect of different combinations of immigrant marriage and its within-group differences.The re-sults show that:the incidence of immigrant marriages promotes the firm value,and the greater the ge-ographical distance and the cultural heterogeneity of familism,the larger this positive effect is.The positive effect of immigrant marriages is more pronounced in the sample with a wider spatial layout as well as a lower level of regional digital economic development and transportation accessibility.The higher the marital uncertainty,the lower the contribution of immigrant marriages to family business value;the comparative advantage of immigrant marriages is largely revealed across combinations of immigrant marriages with some differences;and the co-entrepreneurial experience and the duration of marriages further lead to within-group differences in the value creating effect of immigrant marriages.
immigrant marriagesfamily firmmarital uncertaintyfirm value