Files in this item



application/pdfJeong_Young-Chul.pdf (1MB)
(no description provided)PDF


Title:Global securities analysts' evaluations of family firms in emerging markets: The sociological perspective on the operations of financial markets
Author(s):Jeong, Young-Chul
Director of Research:Luo, Xiaowei
Doctoral Committee Chair(s):Leblebici, Huseyin
Doctoral Committee Member(s):Luo, Xiaowei; Mahoney, Joseph T.; Bednar, Michael K.
Department / Program:Business Administration
Discipline:Business Administration
Degree Granting Institution:University of Illinois at Urbana-Champaign
Subject(s):Institutional Logics
Family Firms
Securities Analysts
Emerging Markets
Abstract:This dissertation advances a sociological view of the stock exchange market. I examine how multiple institutional logics – profession-based logic at the global level and corporate governance-based logic at the national level – influence analysts’ coverage and ratings for family-dominated firms in emerging markets. Specifically, I aim to address the following three questions: (1) how do multiple forms of logics affect a brokerage firm’s decision to cover family-dominated firms? (2) how do multiple logics influence analysts’ earnings forecasts and recommendations of family-dominated firms? and (3) how do several theoretically-relevant contingencies strengthen or weaken the influence of multiple institutional logics on analysts’ coverage and ratings? I examine these questions by conducting a longitudinal study of global analysts’ coverage and ratings of all publicly listed firms in South Korea and Taiwan during the period of 1996 to 2005.
Issue Date:2011-05-25
Rights Information:Copyright 2011 Young-Chul Jeong
Date Available in IDEALS:2011-05-25
Date Deposited:2011-05

This item appears in the following Collection(s)

Item Statistics