TY - CHAP

T1 - Corporate governance codes

T2 - How to deal with the bright and dark sides of family influence

AU - Prigge, Stefan

AU - Thiele, Felix K.

PY - 2019/1/1

Y1 - 2019/1/1

N2 - This study examined how corporate governance codes specific to private family firms encourage the bright side and restrict the dark side of family influence. Moreover, it investigated whether these codes foster agency or stewardship tendencies of the family’s involvement in the business. The results of this qualitative research study revealed that the eight analyzed codes are not consistent in their recommendations and focus on different aspects of family influence. Nevertheless, some common recommendations could be identified-for instance, the relevance of family governance mechanisms to avoid conflicts.

AB - This study examined how corporate governance codes specific to private family firms encourage the bright side and restrict the dark side of family influence. Moreover, it investigated whether these codes foster agency or stewardship tendencies of the family’s involvement in the business. The results of this qualitative research study revealed that the eight analyzed codes are not consistent in their recommendations and focus on different aspects of family influence. Nevertheless, some common recommendations could be identified-for instance, the relevance of family governance mechanisms to avoid conflicts.

KW - Corporate governance codes

KW - Family businesses

KW - Family governance

KW - Family influence

KW - Management studies

UR - http://www.scopus.com/inward/record.url?scp=85063781028&partnerID=8YFLogxK

U2 - 10.1007/978-3-319-77676-7_12

DO - 10.1007/978-3-319-77676-7_12

M3 - Chapter

AN - SCOPUS:85063781028

SN - 978-3-319-77675-0

SN - 978-3-030-08510-0

SP - 297

EP - 331

BT - The Palgrave Handbook of Heterogeneity among Family Firms

A2 - Memili, Esra

A2 - Dibrell, Clay

PB - Palgrave Macmillan

CY - Cham

ER -