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http://hdl.handle.net/1942/1529
Title: | Board Composition in Small and Medium-Sized Family Firms | Authors: | VOORDECKERS, Wim VAN GILS, Anita VAN DEN HEUVEL, Jeroen |
Issue Date: | 2007 | Publisher: | Blackwell | Source: | Journal of small business management, 45(1). p. 137-156 | Abstract: | This study focuses on the determinants of board composition in Belgian small and medium-sized family firms. It extends the empirical literature on board composition in private small and medium-sized family enterprises by integrating several dimensions of the "family component" in the research model. Furthermore, using a multinomial logit model, we examine in which circumstances family firms opt for (1) a family board, (2) an inside board, or (3) an outside board. Results suggest that family-related contingency variables are far more important than CEO-related or control variables, giving support to the argument that board composition in family firms is a reflection of the family characteristics and objectives. Moreover, the results suggest that a resource dependence and added value perspective explain more of the variation in board composition than agency considerations. | Keywords: | Board composition, governance, SME, family businesses | Document URI: | http://hdl.handle.net/1942/1529 | ISSN: | 0047-2778 | e-ISSN: | 1540-627X | DOI: | 10.1111/j.1540-627X.2007.00204.x | ISI #: | 000242964600011 | Category: | A1 | Type: | Journal Contribution | Validations: | ecoom 2008 |
Appears in Collections: | Research publications |
Files in This Item:
File | Description | Size | Format | |
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Board composition.pdf | Peer-reviewed author version | 203.42 kB | Adobe PDF | View/Open |
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