Family governance systems: the complementary role of constitutions and councils
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Otros documentos de la autoría: Clemente-Almendros, José Antonio; Puig-Denia, Alba; Gonzalez-Cruz, Tomás
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comunitat-uji-handle2:10234/8645
comunitat-uji-handle3:10234/8646
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Título
Family governance systems: the complementary role of constitutions and councilsFecha de publicación
2021-01-06Editor
Taylor & Francis Group; Juraj Dobrila University of Pula. Facultad de Economía y Turismo "Dr. Mijo Mirković"ISSN
1331-677X; 1848-9664Cita bibliográfica
Tomás González-Cruz, José Antonio Clemente-Almendros & Alba Puig-Denia (2021) Family governance systems: the complementary role of constitutions and councils, Economic Research-Ekonomska Istraživanja, DOI: 10.1080/1331677X.2020.1867603Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://www.tandfonline.com/doi/full/10.1080/1331677X.2020.1867603Versión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Materia JEL
Resumen
The understanding of family businesses from the family side is
still in its infancy. This is especially true in relation to how family
members manage their relationships with one another and with
the firm. Family ... [+]
The understanding of family businesses from the family side is
still in its infancy. This is especially true in relation to how family
members manage their relationships with one another and with
the firm. Family growth and evolution are usually accompanied
by a reduction in shared family meaning and purpose and greater
divergence in the form of factional interests and intentions that
harm the family and the firm. To counterbalance this negative
impact, scholars generally advocate a set of corporate governance
practices. However, few papers have analysed how family regulatory
frameworks and family governance institutions affect family
firm performance. To the best of our knowledge, no paper has
analysed the complementary role of family rules and family governance
institutions or their relationship with business performance.
To fill this gap, we examine how family rules and family
governance institutions affect firm performance. Drawing upon
the concept of fit from organisation design, this paper shows the
complementary role of family rules and family institutions, as well
as the need for fit with family complexity. Analysis of a sample of
family businesses shows that when family governance fits with
family complexity, the relationship with firm performance is positive;
any misfit leads to negative consequences. [-]
Publicado en
Economic Research-Ekonomska Istraživanja (2021)Entidad financiadora
Ministerio de Economía, Industria y Competitividad | Universitat Jaume I
Código del proyecto o subvención
ECO2016-76796-P | UJI-A2019-20
Derechos de acceso
(c) los autores, 2021
(c) Informa UK Limited, 2021
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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(c) Informa UK Limited, 2021
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