An empirical study of the kinship effects on the allocation of power in Chinese family-controlled public firms

Based on the dataset of 456 family members in the 147 IPO family firms, this article aims to explore the kinship effect on the allocation of power in Chinese family-controlled public firms. We find that, the kinship effect is stronger on the allocation of ownership than on the management. And also, family member's abilities have stronger positive effect on the allocation of management than on the ownership, but ability factor does not have moderating effects.