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Family governance systems : the complementary role of constitutions and councils

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Family governance systems : the complementary role of constitutions and councils

dc.contributor.author	González Cruz, Tomás Félix
dc.contributor.author	Clemente Almendros, José Antonio
dc.contributor.author	Puig-Denia, Alba
dc.date.accessioned	2022-12-12T14:57:05Z
dc.date.available	2022-12-12T14:57:05Z
dc.date.issued	2021
dc.identifier.citation	González Cruz, Tomás Félix Clemente Almendros, José Antonio Puig-Denia, Alba 2021 Family governance systems : the complementary role of constitutions and councils Ekonomska Istrazivanja-Economic Research 34 1 3139 3165
dc.identifier.uri	https://hdl.handle.net/10550/84723
dc.description.abstract	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
dc.language.iso	eng
dc.relation.ispartof	Ekonomska Istrazivanja-Economic Research, 2021, vol. 34, num. 1, p. 3139-3165
dc.subject	Economia d'empresa
dc.subject	Treballadors Participació en l'administració d'empreses
dc.subject	Empreses Direcció i administració
dc.title	Family governance systems : the complementary role of constitutions and councils
dc.type	journal article	es_ES
dc.date.updated	2022-12-12T14:57:05Z
dc.identifier.doi	10.1080/1331677X.2
dc.identifier.idgrec	155853
dc.rights.accessRights	open access	es_ES