Independent directors and family firm performance: does one size fit all?
How will independent directors presence affect family business performance? This question is still theoretically debated and empirically inconclusive. Because family businesses are a group of heterogeneous companies, the purpose of this paper is to empirically explore how the combination of differen...
| Autores: | , |
|---|---|
| Tipo de recurso: | artículo |
| Fecha de publicación: | 2018 |
| País: | España |
| Institución: | Universitat Politècnica de Catalunya (UPC) |
| Repositorio: | UPCommons. Portal del coneixement obert de la UPC |
| Idioma: | inglés |
| OAI Identifier: | oai:upcommons.upc.edu:2117/359985 |
| Acceso en línea: | https://hdl.handle.net/2117/359985 https://dx.doi.org/10.1007/s11365-017-0455-6 |
| Access Level: | acceso abierto |
| Palabra clave: | Corporate governance Family-owned business enterprises Collectivism Corporate Governance Family Business Heterogeneity Independent Directors Performance. Govern corporatiu Empreses familiars Col·lectivisme Àrees temàtiques de la UPC::Economia i organització d'empreses |
| Sumario: | How will independent directors presence affect family business performance? This question is still theoretically debated and empirically inconclusive. Because family businesses are a group of heterogeneous companies, the purpose of this paper is to empirically explore how the combination of different family business governance structures can jointly shape the effect of independent directors on family business performance in an understudied Collectivist cultural setting. Using Qualitative Comparative Analysis (QCA) on a sample of 74 Lebanese family firms this study finds that, depending on the family firm governance structure, the presence of independent directors on the board can lead to either positive or negative firm performance. Theoretical and practical implications are discussed. |
|---|