Corporate governance codes: How to deal with the bright and dark sides of family influence
Research output: Contributions to collected editions/works › Chapter › peer-review
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Corporate governance codes : How to deal with the bright and dark sides of family influence. / Prigge, Stefan; Thiele, Felix K.
The Palgrave Handbook of Heterogeneity among Family Firms. ed. / Esra Memili; Clay Dibrell. Cham : Palgrave Macmillan, 2019. p. 297-331.Research output: Contributions to collected editions/works › Chapter › peer-review
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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 -