Relevant bibliographies by topics / Family businesses governance

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  2. Dissertations / Theses
  3. Books
  4. Book chapters
  5. Conference papers

Academic literature on the topic 'Family businesses governance'

Author: Grafiati
Published: 9 September 2021
Last updated: 18 February 2022

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Journal articles on the topic "Family businesses governance"

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Wieszt, Attila. "Governance in Hungarian family businesses." Central European Review of Economics and Management 3, no. 1 (March 27, 2019): 7. http://dx.doi.org/10.29015/cerem.786.

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Aim: A large-scale, exploratory survey had been conducted on the whole population of family businesses in Hungary in 2017/18 concentrating on the heterogeneity of the family business population. This paper presents the findings of this survey focusing only on the governance practices of the Hungarian family businesses.Design / Research methods: Two questionnaires were asked from a sample of Hungarian family businesses in the form of a computer-assisted phone interview. This sample is based on probability sampling of a larger database representative to the Hungarian population of business organization in terms of annual revenue, geographical location and industry. Questions were formulated considering models of family involvement, socio-emotional wealth, succession, governance, and professionalization.Conclusions/findings: Hungarian family businesses succeed in involving a growing number of family members into the company which also positively relates to the business performance of the firms. The developmental patterns of their governance practices reflect their increasing level of professionalization.However, they can hardly involve external, non-family professionals into the Top Management Team, which may be crucial especially for the further growth of medium-sized firms. Their family governance concentrates rather on operatively bridging family and company, and not on planning the maintenance of long-term family control.Originality/value of the article: The paper delivers both informations on the heterogeneity of the Hungarian family businesses from a governance-related point of view, and show direct, practical implications regarding the family business governance system. Its results can be of interest both for family business owners, researchers, and consultants.
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Birgach, Hiba, Taib Berrada El Azizi, and Badr Habba. "Family Governance Mechanisms in Moroccan Family Businesses: An Exploratory Study." International Journal of Business and Management 15, no. 8 (July 10, 2020): 101. http://dx.doi.org/10.5539/ijbm.v15n8p101.

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Purpose - Despite the importance attached to the governance of family businesses, few studies have focused on the importance of family business governance in the Moroccan context. This article provides some specificities of family firms and an overview of main governance mechanisms identified in the literature while presenting the main contributions of agency and stewardship theories. We introduce a governance approach centered on the issue of strengthening family ties and increasing the commitment of family members to the firm. The purpose of this paper is to identify the governance mechanisms adopted by CEOs of Moroccan family businesses of the second generation. Method - the authors used a qualitative method, using face to face semi-structured interviews among ten CEOs of family businesses in Morocco. Through the analysis of verbatim responses of Moroccan CEOs, we were able to identify some of the governance mechanisms they adopt to ensure a certain continuity of their business. Findings-The results suggest that most of the Moroccan managers opt for an informal and unwritten system of governance. According to them, the important thing is to share values and vision while maintaining communication. Even family meetings remain informal, the crucial thing is to preserve family solidarity, as far as the system of governance is known by all the members. We have identified three informal governance mechanisms, family meetings, task management, and sharing a family vision. The results have also shown some of the sources of conflicts among family members. Practical implications – This paper helps to raise awareness among Moroccan leaders on the importance of governance. Whether formal or informal, it is essential to have common rules shared by family members, which will enable the firm to last over time. Originality - This paper contributes to research on family businesses by exploring a different context especially in terms of culture and country values. Our paper has the originality to focus on a specific area of investigation, namely the Moroccan context, where the management model of family businesses is different from anterior contributions.
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Braut Filipović, Mihaela. "Corporate Governance of Family Businesses in Croatia." Central European Journal of Comparative Law 2, no. 1 (May 14, 2021): 9–27. http://dx.doi.org/10.47078/2021.1.9-27.

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The importance of family businesses in the Croatian economy is well known. In this respect, Croatia is part of the larger picture in which family businesses are considered of fundamental importance to the European Union’s economy. The most specific feature that sets Croatian family businesses apart is that they are all relatively young, as they were mostly established in the 1990s. This is due to the socio-economic development of Croatia as a country that was part of the former Yugoslavia. In this regard, although the traditions of certain crafts and products are significantly older, the modern legal vehicles through which such business is conducted, that is, Croatian companies, are only around thirty years old. This fact contributes to the hypothesis that governance issues related to family businesses are an underdeveloped legal area. However, the need to address the specific needs of Croatian businesses is on the rise, as a significant number of the founders are now retiring, and the issue of successful transfer of these businesses has never been more important. The goal of this article is to question whether available legal instruments for enhancing the governance of family businesses from comparative law and practice such as family constitutions and family councils can be applied in Croatian practice as well. To this end, this study analyses the most significant legal forms in which a family business can be established in Croatia: crafts, family farms, and all types of commercial companies (with an emphasis on limited liability and joint-stock companies). Analysis of the Croatian legal framework from the perspective of family businesses will contribute to the comparative discussion regarding the specific legal needs and challenges of such businesses.
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Steier, Lloyd P., James J. Chrisman, and Jess H. Chua. "Governance Challenges in Family Businesses and Business Families." Entrepreneurship Theory and Practice 39, no. 6 (July 30, 2015): 1265–80. http://dx.doi.org/10.1111/etap.12180.

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Adendorff, C., and C. Boshoff. "The impact of culture-related factors on good governance in Greek family businesses in South Africa." South African Journal of Business Management 42, no. 2 (June 30, 2011): 1–14. http://dx.doi.org/10.4102/sajbm.v42i2.490.

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The size of the family business component of the South African economy suggests that it is the predominant way of doing business in South Africa. A large proportion of these family businesses are Greek-owned. More importantly it is estimated that approximately 95% of all Greek businesses in South Africa can be classified as family businesses. The sustainability of Greek family businesses requires that they maintain good governance practices that are both economically and environmentally acceptable to all stakeholders. It also requires that the next generation of Greek entrepreneurs effectively balance good governance of their businesses with their family commitments.The primary objective of this study was to identify and explore the internal, culturally-related factors that influence good governance to ensure the survival, growth and sustainability of Greek family businesses in South Africa. A theoretical model of good governance factors was proposed and tested using Structural Equation Modelling.The study found that perceived good governance in a South African Greek family business context needs to be managed in terms of three factors, namely risk control, the internal regulatory environment and the protection of the stakeholders' interest. The study found that needs alignment, cultural needs alignment, vision and ethnic entrepreneurial growth all impact directly or indirectly on perceived good governance in South African Greek family businesses.
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Klein, Sabine B. "Family Businesses in Germany: Significance and Structure." Family Business Review 13, no. 3 (September 2000): 157–81. http://dx.doi.org/10.1111/j.1741-6248.2000.00157.x.

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This paper shows the relevance of family businesses to the German economy and their structure with respect to ownership, governance, and management. The data show that ownership, rather than governance or management, is the key to differentiating family from nonfamily businesses. As governance and management are more complementary to each other, families in German family businesses seek influence either through family members on the supervisory board or on the management board. The empirical data from this study is based on a clear definition of family business and a random sample, and it provides the basis for further investigation into German family businesses.
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Aronoff, Craig. "Self-Perpetuation Family Organization Built on Values: Necessary Condition for Long-Term Family Business Survival." Family Business Review 17, no. 1 (March 2004): 55–59. http://dx.doi.org/10.1111/j.1741-6248.2004.00003.x.

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Family businesses have long been conceptualized in terms of overlapping and interacting management, ownership, governance, and family systems. As family businesses evolve and develop across generations, observing progress in each of the requisite systems presents a variety of challenges. This article demonstrates the importance of family organization to the systems of management, ownership, governance, and family as a family business evolves over time.
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Odehnalová, Pavla, and Petr Pirožek. "Family Businesses in the Corporate Governance of MNCs." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 63, no. 3 (2015): 979–84. http://dx.doi.org/10.11118/actaun201563030979.

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The issue of family businesses is currently a very topical theme in the academic world. The importance of family businesses increases with internationalization and is associated with business success in global market conditions. A fundamental part of business activities abroad is the correct application of the corporate governance of subsidiaries of multinational family businesses. The available findings do not cover this area sufficiently, especially in the context of transformed economies in CEE. In view of the nature of foreign business activities, the degree of centralization of competences transferred between subsidiaries and headquarters and the presence of expatriates from the headquarters of multinational companies represented by the family firm in statutory bodies can be regarded as important variables. The main aim of the present paper is, based on research carried out, to describe and analyze the degree of centralization and presence of expatriates in the corporate governance of subsidiaries of multinational family businesses operating in the Czech Republic. The paper presents the results of an empirical investigation with a description of the presence of expatriates in the statutory bodies of subsidiaries of multinational companies in the Czech Republic. The results obtained present the number of subsidiaries corresponding to the definition of a family business with an emphasis on SMEs of up to 250 employees and the degree of centralization and presence of expatriates in administrative or executive authority, or in other positions. The sample which was used to research the family business comprised 214 subsidiaries of multinational companies from the most important sectors of the Czech economy.
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Brundin, Ethel, Emilia Florin Samuelsson, and Leif Melin. "Family ownership logic: Framing the core characteristics of family businesses." Journal of Management & Organization 20, no. 1 (January 2014): 6–37. http://dx.doi.org/10.1017/jmo.2014.15.

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AbstractIn this article we show how specific family business logic shapes managerial practices. Based on empirical material from 20 case studies of family ownership governance, our study identifies seven core characteristics of family ownership logic. These include active, visible and persistent ownership with few owners, relatively stable strategic development encompassing multiple ownership goals, autonomy towards capital markets, and a strong identification and emotional bonding with the business. By considering the family business context, we find managerial practices that are prevalent in the majority of businesses around the world and that have implications for ownership research. It is concluded that by taking the logic of ownership into consideration when studying family businesses, researchers in this field can contribute to the growing literature on sociocultural and behavioural factors in corporate governance relations.
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Astrachan, Joseph H., Andrew D. Keyt, Kristi S. Mcmillan, and Suzanne Lane. "Family business governance: perspectives, research and recommendations." Corporate Ownership and Control 5, no. 1 (2007): 305–15. http://dx.doi.org/10.22495/cocv5i1c2p6.

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Recent research raises serious questions as to the applicability of current corporate governance recommendations for family businesses. While perhaps valuable for listed companies, they may be harmful to family businesses because they arise from a market model rather than a control model of corporate governance. This chapter provides guidelines that will lead to greater board accountability and, in turn, positive identifiable results in board and company performance. These guidelines also incorporate propositions for further consideration by family business researchers.
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Dissertations / Theses on the topic "Family businesses governance"

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Süss-Reyes, Julia. "Understanding the transgenerational orientation of family businesses: the role of family governance and business family identity." Springer Verlag, 2017. http://dx.doi.org/10.1007/s11573-016-0835-3.

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The development of a transgenerational orientation is one of the most significant challenges that family businesses face and only a small number actually survive across generations. While prior research has focused on the business unit to provide us with a solid understanding of how corporate governance affects business performance and continuity, the role of the business family in the development of a transgenerational orientation has received less attention. To address this gap, this article applies a new systems and social identity theory framework to examine how family governance and business family identity can contribute to strengthening the transgenerational orientation of the business. A transgenerational orientation is defined as a decision premise to maintain the family's control over the business across generations. Using a large data set, findings show that the presence of family governance measures and the business family's identity are positively related to a transgenerational orientation of the business, with business family identity acting as a mediator. Thus, the development of family governance measures can foster communication within the business family and enhance the family members' emotional investment in the business which strengthens the transgenerational orientation in the business. (author's abstract)
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Offerman, John Leonard. "The role of governance in the Offerman family businesses." Thesis, Nelson Mandela Metropolitan University, 2010. http://hdl.handle.net/10948/1487.

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The primary research objective considered by this study was to determine the nature of the governance system employed by the Offerman Family businesses in ensuring that all company assets, resources and actions are directed at, and controlled in the achievement of established company objectives and are accounted for to all legitimate stakeholders. Four related secondary objectives were also examined. The Offerman Family businesses consist of three separate companies that all make clay bricks in some form. Over recent years, the Offerman Family businesses have grown and taken on various minority shareholders in these three separate companies. For this reason, the governance requirements of the businesses have changed significantly from when the businesses were smaller and owned by a single family. The literature review on which the study is founded commences with an overview of family business topics appropriate to the research. Following this introduction, the history of the Offerman Family businesses is presented through until the present day (August 2010). Topics of governance are then considered in depth with a particular focus maintained throughout on that most applicable to the Offerman Family businesses. The research followed a case study approach within the phenomenological research paradigm. The details of the methodology employed are provided including an explanation of the questionnaire used as the research instrument. The questionnaire was submitted to ten people capable of influencing governance in the Offerman Family businesses and a useful response rate of 90 percent was achieved. The findings of the research detail the nature of the governance system employed by the Offerman Family businesses. It appears that there are shortcomings with family governance while governance of the businesses seems to be facilitated by the presence of the requisite governance building blocks such as a board of directors. Nevertheless, these governance systems are currently not functioning optimally leaving considerable room for improvement. The study closes with a review of the secondary research objectives and the resolution thereof. A list of recommendations is provided, which if implemented, could assist the Offerman Family businesses towards improving governance. Recommendations towards additional research are offered followed by an explanation of the limitations of the study.
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Samara, Georges. "Managing Family Businesses Heterogeneity: Global Strategies for Family Business Economic and Social Performance." Doctoral thesis, Universitat Ramon Llull, 2017. http://hdl.handle.net/10803/461046.

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Com gestionar i dirigir una empresa familiar per tal d’aconseguir uns resultats econòmics i socials millors? Si bé les empreses familiars són un grup molt heterogeni d’empreses, s’ha fet molt poca atenció a la forma de govern i a les contingències institucionals a l’hora d’analitzar el seu acompliment econòmic i social. Com a resultat d’això s’han produït alguns debats teòrics i s’han detectat algunes conclusions contradictòries en la literatura. Aquesta tesi explica l’heterogeneïtat de les empreses familiars per tal d’il·lustrar millor les opcions de gestió i de govern que en poden catalitzar l’acompliment econòmic i social. S’analitzen tres fonts poc estudiades de l’heterogeneïtat de les empreses familiars: les diverses actituds, habilitats i serveis del seu capital humà, els diferents nivells d’implicació de la família en el negoci i l’entorn geogràfic institucional en què s’incardinen les empreses familiars. Aquesta tesi aporta arguments teòrics i analitza empíricament les diferents opcions de gestió i de govern que poden catalitzar els resultats econòmics i socials de les empreses familiars. En definitiva, aquest treball fa diverses contribucions teòriques que poden ajudar a reconciliar les visions contradictòries detectades a la literatura i proporciona algunes recomanacions molt més precises als professionals.
¿Cómo gestionar y dirigir una empresa familiar para lograr mejores resultados económicos y sociales? Pese a que las empresas familiares son un grupo muy heterogéneo de empresas, se ha prestado muy poca atención a la gobernanza y a las contingencias institucionales a la hora de abordar su desempeño económico y social. El resultado de ello han sido algunos debates teóricos y algunas conclusiones contradictorias en la literatura. La presente tesis explica la heterogeneidad de las empresas familiares para arrojar más luz sobre las opciones de gestión y de gobernanza que pueden catalizar el desempeño económico y social de dichas empresas. Se analizan tres fuentes poco estudiadas de la heterogeneidad de las empresas familiares: las diversas actitudes, habilidades y servicios de su capital humano, los distintos niveles de implicación de la familia en el negocio y el entorno geográfico institucional en que se incardinan las empresas familiares. Esta tesis proporciona argumentos teóricos y analiza empíricamente las distintas opciones de gestión y de gobernanza que pueden catalizar los resultados económicos y sociales de las empresas familiares. De este modo, este trabajo realiza varias contribuciones teóricas que pueden ayudar a reconciliar las visiones contradictorias detectadas en la literatura y proporciona algunas recomendaciones mucho más precisas a los profesionales.
How can family businesses be managed and directed to achieve better economic and social outcomes? Despite that family businesses are a group of heterogenous companies, little attention has been given to governance and institutional contingencies when discussing the family business economic and social performance. This resulted in several theoretical debates and conflicting evidence found in the literature. This thesis accounts for family business heterogeneity to shed further light into the managerial and governance choices that can catalyze family businesses economic and social performance. Three understudied sources of family businesses heterogeneity are explored: The various attitudes, skills, and services of the family business human capital, the different levels of family involvement in the business, and the institutional geographical setting in which family businesses are embedded. This thesis theoretically argues for and empirically explores managerial and governance choices that can catalyze family businesses economic and social outcomes. By doing so, this work offers several theoretical contributions that can help reconcile conflicting views found in the literature and provides finer-grained recommendations for practitioners.
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Adendorff, Christian Michael, and S. Radloff. "The development of a cultural family business model of good governance for Greek family businesses in South Africa." Thesis, Rhodes University, 2005. http://hdl.handle.net/10962/d1002779.

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Never in the history of the South African nation has the entrepreneurial spirit been more alive. Since the opening of international doors, after the 1994 elections, South Africa has experienced the explosive growth of transnational entrepreneurship. An enduring aspect of the explosion of such economic activity is the need for "good governance" and the need for governance education in South Africa and the rest of the continent has never been greater. The size of the family business component of the South Aftican economy suggests that it is the predominant way of doing business in South Africa. Of importance to this study is the estimate that approximately 95 % of all Greek businesses in South Africa can be classified as family businesses. The sustainability of Greek family businesses requires that they maintain good governance practices that are economically and environmentally acceptable to all stakeholders. It also requires that the next generation of Greek entrepreneurs balance good governance for the businesses as well as for the family. The primary objective of this study was to identify and explore the internal factors that influence and determine good governance to ensure the survival, growth and sustainability of Greek family businesses in South Africa. The secondary research objectives pertained to the underlying dimensions of good governance and required an exploration of the different governance concerns in relation to specific South African Greek behaviour and characteristics. A theoretical model of good governance factors was proposed and tested using Structural Equation Modeling. The study found that perceived good governance in a South African Greek family business context needs to be measured in terms of three factors, namely risk control, the internal regulatory environment and the protection of the stakeholders' interest. The study dealt further with the secondary sources effecting governance for South African businesses and was based on the latest report by the King Commission. An important finding is that the cross cultural aspect of family business governance must now be considered when conducting such research as more and more emphasis is placed on the good governance of all businesses.
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Betancourt, Ramirez Jose Bernardo. "Ownership governance practices and their influence on family businesses financial performance." Doctoral thesis, Pontificia Universidad Católica del Perú, 2020. http://hdl.handle.net/20.500.12404/16196.

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Ownership was usually a system implicitly assumed in the dynamics of company management, but it deserved more attention than a periodic control in the yearly general shareholder´s assembly. Empowerment of owners was required given the magnitude of decisions made in terms of capital and business purpose, and not just delegating it to the Board or the CEO. Despite the relevance of the topic, a gap was identified in the literature of corporate governance in family business from the ownership dimension. This longitudinal study used a quantitative approach with an explanatory scope that which sought to answer the question: Do shareholders corporate governance practices and family control influence financial performance on businesses? 104 public companies were analyzed and 36.5% of them were identified as family businesses, data were used from National Registry of Values and Issuers, which also responded the country Code 'survey of Colombia in the period 2008 to 2014. Data was processed with Student's t test and Random Effects analysis as a panel data technique. Results shown that family and non-family businesses had significant differences in ownership governance practices, but no significant relationship were identified between corporate governance practices of shareholders or family control with financial performance. The theoretical contribution to the areas of corporate governance and family business was to opening a new scenario for the study of ownership governance; the practical contribution was giving rise to the design of a model of practices for shareholders, where they develop a more active role in terms of capital and strategy decisions that exceeded the decision limits of the Board of Directors; Finally, a contribution in public policy was created by supporting the need to highlight corporate governance practices at the owners level, with models that differentiate Family Business and others.
La propiedad era generalmente un sistema implícito en la dinámica de la gestión de la empresa, pero merecía más atención que un control periódico en la asamblea general anual de accionistas. Se requería el empoderamiento de los propietarios dada la magnitud de las decisiones tomadas en términos de capital y propósito comercial, y no solo delegarlo en la Junta o el CEO. A pesar de la relevancia del tema, se identificó una brecha en la literatura de gobierno corporativo de la empresa familiar desde la dimensión de propiedad. Este estudio longitudinal utilizó un enfoque cuantitativo con un alcance explicativo que buscaba responder a la pregunta: ¿Las prácticas de gobierno corporativo de los accionistas y el control familiar influyen en el desempeño financiero de las empresas? Se analizaron 104 empresas públicas y el 36,5% de ellas se identificaron como empresas familiares, se utilizaron datos del Registro Nacional de Valores y Emisores, que también respondió a la encuesta del Código de país de Colombia en el período 2008 a 2014. Los datos se procesaron con la prueba t de Student y análisis de efectos aleatorios como técnica de datos de panel. Los resultados mostraron que las empresas familiares y no familiares tenían diferencias significativas en las prácticas de gobierno de propiedad, pero no se identificaron relaciones significativas entre las prácticas de gobierno corporativo de los accionistas o el control familiar con el desempeño financiero. La contribución teórica a las áreas de gobierno corporativo y empresa familiar fue abrir un nuevo escenario para el estudio del gobierno de propiedad; la contribución práctica fue dar lugar al diseño de un modelo de prácticas para los accionistas, donde desarrollen un papel más activo en términos de decisiones de capital y estrategia que exceden los límites de decisión de la Junta de Directiva; Finalmente, se creó una contribución en las políticas públicas al apoyar la necesidad de resaltar las prácticas de gobierno corporativo a nivel de los propietarios, con modelos que diferencien a las empresas familiares y otras.
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Devine, Anthony. "An exploration of governance arrangements and the succession process within family businesses." Thesis, Northumbria University, 2017. http://nrl.northumbria.ac.uk/32459/.

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This thesis explores how governance arrangements relate to the succession process in family businesses. This is achieved through considering how governance ‘works’ in family businesses and the challenges that family businesses face with the succession process. Academic literature has suggested research into governance of family firms is underdeveloped (Lubatkin, Schulze, Ling, & Dino, 2005; Steier, Chrisman, & Chua, 2004). Similarly, codes of governance for non-listed firms have only been present in the professional literature for the past seven years (ecoDa, 2010; IoD, 2010). The codes emphasise the importance of the succession process which remains the most difficult period for family firms (Cabrera-Suarez, Saa-Perez, & Garcia-Almeida, 2001; Dunn, 1999; Handler, 1994; Lansberg, 1988; Morris, Williams, Allen, & Avila, 1997; Yan & Sorenson, 2006). In more recent times, the media has begun to discuss the need for improvements in the management and governance of family firms (Bloom, 2017). For these reasons a study that explores governance arrangements in family firms and how they relate to the succession processes is important. The research is underpinned by a constructionist ontology and a social constructionist epistemology. The data were collected through 16 individual face-to-face, semi-structured interviews, with seven family businesses, from a range of industry backgrounds across the United Kingdom. An inductive, thematic approach was taken enabling themes to emerge from the data analysis. The emergent focus of the findings was an overarching concern for control, both in terms of governance arrangements and the succession process. A theoretical model is presented that shows how ‘moderate’ levels of control lead to ‘optimal’ circumstances for the succession process in family firms. The Family Fundamental Interpersonal Relationship Orientation (FIRO) model (Danes, Rueter, Kwon and Dohery, 2002; Haberman and Danes, 2007) is used as an explanatory framework to propose that ‘optimal’ circumstances are characterised by ‘collaborative’ interpersonal relationships within the family firm. The research findings and the subsequent theoretical model that has been developed are important because they expand knowledge regarding the relationship between governance and the succession process in family firms. It provides family business members, family business consultants and researchers with a fresh perspective on how to approach governance arrangements and potentially control the challenges that arise during the succession process.
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Hannemann, Philipp. "Corporate governance development in privately held family businesses: a multiple case analysis." reponame:Repositório Institucional do FGV, 2014. http://hdl.handle.net/10438/13132.

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The objective of this study is to better understand and illustrate the process and the motivations for corporate governance implementation in Brazilian privately held family businesses. Three case companies were analyzed through an adapted developmental framework to illustrate the progression in corporate governance in response to changes in the ownership, investment and management dimensions over time. In this development, causal relationships between corporate governance and the three other framework dimensions were identified. It was found that the analyzed companies´ corporate governance implementation was motivated by the need to curb agency costs, whereas a cornerstone in this development was the first generational change. Only after the family businesses have reached the necessary maturity on all three dimensions, corporate governance practices were implemented. Put simply, the analyzed case companies developed formal systems as they grew more complex. This study complements the academic discussions on corporate governance in family businesses by offering Brazilian evidence on its underlying motivations and sequential implementation over time.
O objetivo deste estudo é entender melhor e ilustrar o processo e as motivações para a implementação de governança corporativa em empresas familiares brasileiras de capital fechado. Três empresas de caso foram analisadas através de um framework de desenvolvimento adaptado para ilustrar a evolução da governança corporativa em resposta a alterações nas dimensões de propriedade, investimento e gestão ao longo do tempo. Neste desenvolvimento foram identificadas relações causais entre a governança e as outras três dimensões do framework. Verificou-se que a implementação de governança corporativa nas empresas analisadas foi motivada pela necessidade de reduzir os custos de agência, e uma pedra angular neste desenvolvimento foi a primeira sucessão geracional. Simplificando, as empresas estudadas adotaram sistemas formais mais complexos assim que cresceram. Somente após as empresas terem atingido a maturidade necessária em todas as três dimensões foram implementadas práticas de governança. Este estudo complementa a discussão acadêmica sobre governança corporativa em empresas familiares, oferecendo evidência brasileira sobre suas motivações subjacentes e a execução sequencial ao longo do tempo.
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Jansson, Max. "Capital and business structure within small/family businesses : A case study on Liquid Leisure." Thesis, Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Företagsekonomi, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-27278.

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This is a case study on a water sports facility named Liquid Leisure which is owned by Stuart Marston. The aim of this case study is to get a deeper understanding of Liquid Leisure’s capital and business structure and how it affects Liquid Leisure when trying to raise capital. It will also look at potential knowledge gaps within Liquid Leisure and how these potential gaps have formed Liquid Leisure as a company. There are a significant number of research that point out that small/family businesses operates in different ways compared to large businesses. Because of these deviations it is important to know how small/family businesses think to get an understanding of their advantages and disadvantages. This research will provide a deeper understanding of Liquid Leisure as a small/family businesses and how they address corporate governance, bootstrapping and the agency problem. It will also give an understanding of the advantages and disadvantages facing Liquid Leisure when raising debt and equity. These aspects have been compared to the complexity in the characteristics of small/family businesses. This will later be compared to Stuart Marston’s views and how Liquid Leisure is being operated. The results shows that Liquid Leisure has some characteristics in common with other small/family businesses but that Stuart’s behaviour create some complications for Liquid Leisure.
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9

Thage, Tuduetso. "Understanding the inter-relationship between governance and organisational culture in South African family owned businesses." Diss., University of Pretoria, 2017. http://hdl.handle.net/2263/59786.

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Family owned businesses play a significant role in the global economy and can thus not be neglected. The contribution of family businesses to the South African economy is growing yearly. Despite their significant contribution, over generations, family owned businesses inevitably face greater complexities. These complex business dynamics can have serious repercussions for the family and the sustainability of the business. A positive correlation has been found between governance and family business continuity. Organisational culture was also found to play a critical role within family businesses. This study therefore focuses on understanding the inter-relationship between governance and organisational culture within family businesses. A total of eleven South African family businesses were selected for the study. The sample population was targeted at owners and family members involved in management within the family business. A phenomenological qualitative research methodology was adopted for the study. The findings of the study revealed that family culture is intrinsically intertwined with organisational culture. The identified dominant cultural dimensions thereof were found to be influential in the development of governance structures across different generations.
Mini Dissertation (MBA)--University of Pretoria, 2017.
sn2017
Gordon Institute of Business Science (GIBS)
MBA
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Klöckner, Oliver. "Buy-outs in Family Businesses changes in corporate governance, instruments of managerial control, and financial practices /." Wiesbaden Gabler, 2009. http://d-nb.info/99270572X/04.

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Books on the topic "Family businesses governance"

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Leotta, Antonio, ed. Management Controlling and Governance of Family Businesses. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-47741-7.

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Christian, Adendorff, ed. Governance in immigrant family businesses: Enterprise, ethnicity and family dynamics. Farnham, Surrey, UK: Gower, 2014.

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Chami, Ralph. What is different about family businesses? [Washington, D.C.]: International Monetary Fund, IMF Institute, 2001.

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Koeberle-Schmid, Alexander. Family Business Governance. Wiesbaden: Gabler, 2009. http://dx.doi.org/10.1007/978-3-8349-9921-4.

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Aronoff, Craig E., and John L. Ward. Family Business Governance. New York: Palgrave Macmillan US, 2011. http://dx.doi.org/10.1057/9780230116016.

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1945-, Ward John L., ed. Family business governance: Maximizing family and business potential. New York, NY: Palgrave Macmillan, 2011.

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Kormann, Hermut, and Birgit Suberg, eds. Topics of Family Business Governance. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-58019-3.

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Pindado, Julio, and Ignacio Requejo. Governance and family firms. Cheltenham, UK: Edward Elgar Pub., 2012.

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Koeberle-Schmid, Alexander. Family business governance: Aufsichtsgremium und Familienrepräsentanz. Wiesbaden: Gabler, 2008.

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Neubauer, Franz-Friedrich. The family business: Its governance for sustainability. New York: Routledge, 1998.

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Book chapters on the topic "Family businesses governance"

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Hirigoyen, Gérard. "Governance of Family Businesses." In Handbook of Top Management Teams, 618–25. London: Palgrave Macmillan UK, 2010. http://dx.doi.org/10.1057/9780230305335_73.

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Carlock, Randel S., and John L. Ward. "Family Governance: Family Meetings and Agreements." In When Family Businesses are Best, 196–222. London: Palgrave Macmillan UK, 2010. http://dx.doi.org/10.1057/9780230294516_9.

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Zall, Ronald I. "Succession in Family Businesses." In The Handbook of Board Governance, 764–75. Hoboken, NJ, USA: John Wiley & Sons, Inc., 2016. http://dx.doi.org/10.1002/9781119245445.ch38.

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Lipman, Frederick D. "Governance Structures for Family Businesses." In The Family Business Guide, 47–62. New York: Palgrave Macmillan US, 2010. http://dx.doi.org/10.1057/9780230111806_4.

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Ramadani, Veland, Esra Memili, Ramo Palalić, and Erick P. C. Chang. "Governance in the Family Businesses." In Springer Texts in Business and Economics, 29–41. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-47778-3_2.

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Klöckner, Oliver. "Changes in corporate governance." In Buy-outs in Family Businesses, 155–235. Wiesbaden: Gabler, 2009. http://dx.doi.org/10.1007/978-3-8349-9477-6_5.

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Carlock, Randel S., and John L. Ward. "Family Business Governance and the Role of the Board of Directors." In When Family Businesses are Best, 175–95. London: Palgrave Macmillan UK, 2010. http://dx.doi.org/10.1057/9780230294516_8.

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Dawson, Alexandra, and Maria José Parada. "Corporate Governance in Family Businesses Across Generations: Exploring Intergenerational Issues." In The Palgrave Handbook of Heterogeneity among Family Firms, 115–39. Cham: Springer International Publishing, 2018. http://dx.doi.org/10.1007/978-3-319-77676-7_6.

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Faghfouri, Pedram. "Differences in the crisis readiness of family and non-family businesses – does a supervisory board matter?" In The Role of Governance Structure in the Context of Crisis Management, 105–28. Wiesbaden: Springer Fachmedien Wiesbaden, 2012. http://dx.doi.org/10.1007/978-3-658-00596-2_6.

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Faghfouri, Pedram. "Crisis management in family businesses – a comprehensive model and research agenda." In The Role of Governance Structure in the Context of Crisis Management, 39–68. Wiesbaden: Springer Fachmedien Wiesbaden, 2012. http://dx.doi.org/10.1007/978-3-658-00596-2_3.

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Conference papers on the topic "Family businesses governance"

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S., Vasudevan, and Ramana Kumar K.P.V. "Family Managed Businesses – Issues of Governance." In International Conference on Computer Applications — Management. Singapore: Research Publishing Services, 2010. http://dx.doi.org/10.3850/978-981-08-7303-5_1564.

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Kosasi, Sandy, Vedyanto, and Windy Agasia. "Developing Maturity Levels of IT Governance for Family Businesses." In 2019 International Seminar on Application for Technology of Information and Communication (iSemantic). IEEE, 2019. http://dx.doi.org/10.1109/isemantic.2019.8884219.

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Kosasi, Sandy, Vedyanto, and Velwin Wibowo. "Improving Information Service Performance of Family Businesses Through IT Governance." In 2018 International Seminar on Application for Technology of Information and Communication (iSemantic). IEEE, 2018. http://dx.doi.org/10.1109/isemantic.2018.8549785.

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Bartosch, Nicole. "Compliance violation in German family businesses: Frequency, detection, counter measure relevance." In Corporate governance: A search for emerging trends in the pandemic times. Virtus Interpress, 2021. http://dx.doi.org/10.22495/cgsetpt16.

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Kárpáti, Zoltán. "Professionalization of Family Firms: Striking a Balance Between Personal and Non-Personal Factors." In New Horizons in Business and Management Studies. Conference Proceedings. Corvinus University of Budapest, 2021. http://dx.doi.org/10.14267/978-963-503-867-1_12.

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The amount of research on family businesses’ analysis has increased significantly in recent years, thus showing the high importance of the topic. In most countries, family businesses occupy a prominent place in contributing to the economy with the added value they produce. However, less attention has been paid to the professionalization of family businesses and the exploration and presentation of the related literature. The professionalization of family business is a significant research concern in the entrepreneurship and governance literature. In the context of family businesses, professionalization initially meant nothing more than hiring an outside, non-family manager. For today, the content of professionalization has expanded, and a multidimensional model has evolved: a broader, deeper understanding has evolved, which involves other vital aspects such as developing formal control and human resource systems, decentralization of authority, formal strategic planning, or top-level activeness. This study aims to present the essential international literature on professionalization and provide a comprehensive overview of the studies published. The literature review mainly summarizes the results of the last twenty years and closely related articles. The paper follows the next logic; in the first part, the definition of professionalization is introduced along with its benefits and challenges. Then, based on the research methodology presented, the related empirical and theoretical studies are examined. In the end, the review summarizes the key findings in a table.
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Chibani, Faten. "The relationship between innovation and the financial structure with consideration of the moderating role of the generational stage of family businesses." In Corporate Governance: Search for the Advanced Practices. Virtus Interpress, 2019. http://dx.doi.org/10.22495/cpr19p16.

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Menkhoff, Thomas, and Ong Geok Chwee. "Innovation Governance in Chinese Family Business: A Case Study." In International Conference on e-Business. SCITEPRESS - Science and Technology Publications, 2018. http://dx.doi.org/10.5220/0006851501580165.

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Menkhoff, Thomas, and Ong Geok Chwee. "Innovation Governance in Chinese Family Business: A Case Study." In International Conference on e-Business. SCITEPRESS - Science and Technology Publications, 2018. http://dx.doi.org/10.5220/0006851503240331.

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Wang, Haifei. "Empirical study of Cultural inheritance and Family business governance." In Proceedings of the 2018 International Conference on Economics, Business, Management and Corporate Social Responsibility (EBMCSR 2018). Paris, France: Atlantis Press, 2018. http://dx.doi.org/10.2991/ebmcsr-18.2018.41.

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Hundal, Shab, and Tatyana Kauppinen. "Internationalization of family firms-challenges and opportunities in Russia." In Corporate governance: A search for emerging trends in the pandemic times. Virtus Interpress, 2021. http://dx.doi.org/10.22495/cgsetpt22.

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The family firms (FFs) play an instrumental role in the economic spectrum of the Russian economy with respect to their contribution to income, output, and employment, ceteris paribus. The FFs not only contribute the domestic business activities but also make a significant contribution to international business. Ever since the launch of the mass privatization program (MPP) in Russia during 1992–1994 numerous disruptions on the business and economic landscape of Russia have emerged, and as a result, the FFs in Russia have been experiencing several new opportunities and challenges in the international market. However, it is noticeable that corporate regulatory, and corporate governance systems do not even clearly define the FFs. The current study explores the following research objectives: first, the motivation of internationalization of family enterprises in Russia, second, their process of internationalization, and third, the problems and challenges faced by the family enterprises
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