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http://hdl.handle.net/1942/42777
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DC Field | Value | Language |
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dc.contributor.author | VOORDECKERS, Wim | - |
dc.contributor.author | MARTINEZ ROMERO, Maria | - |
dc.contributor.author | Rojo-Ramirez, Alfonso A. | - |
dc.date.accessioned | 2024-04-05T06:57:39Z | - |
dc.date.available | 2024-04-05T06:57:39Z | - |
dc.date.issued | 2024 | - |
dc.date.submitted | 2024-04-05T06:43:28Z | - |
dc.identifier.citation | International Entrepreneurship and Management Journal, | - |
dc.identifier.uri | http://hdl.handle.net/1942/42777 | - |
dc.description.abstract | This paper examines the relationship between the family governance evolutionary stages and the rate of return required by family businesses' shareholders (ke), building on an institutional and relational governance lens. We make the distinction between the informal stage, the family council stage and the family constitution stage. Findings from a sample of Spanish private family firms reveal that family firms in the family constitution stage have a lower ke than family firms in the family council stage and the informal stage. Surprisingly, family firms in the family council stage seem to have a higher ke than family firms that are in the informal stage, which points to ceremonial adoption effects and a mismatch between governance needs and practices in the family council stage. We also find that the effect of different family governance stages on ke is conditional on the number of family shareholders. | - |
dc.description.sponsorship | All authors certify that they have no affiliations with or involvement in any organization or entity with any financial interest or non-financial interest in the subject matter or materials discussed in this manu‑ script. The authors have no financial or proprietary interests in any material discussed in this article. María J. Martínez-Romero wants to acknowledge the funding received by Hasselt University, in the form of a research fund for visiting fellows (BOF19KV17) at the Research Center for Entrepreneurship and Family Firms (RCEF) to develop this paper | - |
dc.language.iso | en | - |
dc.publisher | SPRINGER | - |
dc.rights | The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2024 | - |
dc.subject.other | Minimum rate of return | - |
dc.subject.other | Family governance | - |
dc.subject.other | Privately held family businesses | - |
dc.subject.other | Family council | - |
dc.subject.other | Family charter | - |
dc.subject.other | G30 | - |
dc.subject.other | G32 | - |
dc.subject.other | L21 | - |
dc.subject.other | L25 | - |
dc.subject.other | L29 | - |
dc.title | Family governance practices and the minimum required rate of return in privately held family firms | - |
dc.type | Journal Contribution | - |
local.format.pages | 29 | - |
local.bibliographicCitation.jcat | A1 | - |
dc.description.notes | Voordeckers, W (corresponding author), Hasselt Univ, RCEF, Martelarenlaan 42, B-3500 Hasselt, Belgium. | - |
dc.description.notes | wim.voordeckers@uhasselt.be; mariaj.martinez@ual.es; arojo@ual.es | - |
local.publisher.place | ONE NEW YORK PLAZA, SUITE 4600, NEW YORK, NY, UNITED STATES | - |
local.type.refereed | Refereed | - |
local.type.specified | Article | - |
local.bibliographicCitation.status | Early view | - |
dc.identifier.doi | 10.1007/s11365-024-00952-y | - |
dc.identifier.isi | 001179861800001 | - |
local.provider.type | wosris | - |
local.description.affiliation | [Voordeckers, Wim] Hasselt Univ, RCEF, Martelarenlaan 42, B-3500 Hasselt, Belgium. | - |
local.description.affiliation | [Martinez-Romero, Maria J.; Rojo-Ramirez, Alfonso A.] Univ Almeria, Carretera Sacramento S-N, Almeria 04120, Spain. | - |
local.uhasselt.international | yes | - |
item.fullcitation | VOORDECKERS, Wim; MARTINEZ ROMERO, Maria & Rojo-Ramirez, Alfonso A. (2024) Family governance practices and the minimum required rate of return in privately held family firms. In: International Entrepreneurship and Management Journal,. | - |
item.fulltext | With Fulltext | - |
item.contributor | VOORDECKERS, Wim | - |
item.contributor | MARTINEZ ROMERO, Maria | - |
item.contributor | Rojo-Ramirez, Alfonso A. | - |
item.accessRights | Embargoed Access | - |
item.embargoEndDate | 2025-03-11 | - |
crisitem.journal.issn | 1554-7191 | - |
crisitem.journal.eissn | 1555-1938 | - |
Appears in Collections: | Research publications |
Files in This Item:
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Family governance practices and the minimum required rate of return in privately held family firms.pdf Restricted Access | Early view | 815.96 kB | Adobe PDF | View/Open Request a copy |
auteursversie.pdf Until 2025-03-11 | Peer-reviewed author version | 1.03 MB | Adobe PDF | View/Open Request a copy |
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