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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/7863

Title: Boards of directors in family firms: a generational perspective
Authors: BAMMENS, Yannick
Issue Date: 2008
Publisher: SPRINGER
Citation: Small Business Economics, 31(2). p. 163-180
Abstract: The purpose of this study is to advance the understanding of boards of directors in family firms. Building on generational changes in family attributes, we argue that firms in a different generational phase have different governance needs and characteristics. With regard to board task needs, the empirical results indicate a convex generational evolution in the need for board advice, and a rise over the generations in the need for board control. With regard to board composition, we find that the likelihood of having an outside director on the board has a convex generational trend. This relationship seems to be fully mediated by the firm’s board task needs. Furthermore, the number of family directors seems to increase over the generations. This study demonstrates that it is important to consider the generational phase of the family firm in order to understand its governance system.
Notes: Reprint Address: Bammens, Y (reprint author), Hasselt Univ, KIZOK Res Ctr, Agoralaan Bldg D, B-3590 Diepenbeek, Belgium
URI: http://hdl.handle.net/1942/7863
DOI: 10.1007/s11187-007-9087-5
ISI #: 000257896600005
ISSN: 0921-898X
Category: A1
Type: Journal Contribution
Validation: ecoom, 2009
Appears in Collections: Research publications

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