Search results
1 – 9 of 9Daniela Gimenez-Jimenez, Andrea Calabrò, Mariateresa Torchia and Carl Åberg
Stemming from family and business governance arguments, this paper contends that informal family meetings are the baseline “informal governance mechanism” that shapes…
Abstract
Purpose
Stemming from family and business governance arguments, this paper contends that informal family meetings are the baseline “informal governance mechanism” that shapes family-centered non-economic goals. However, it is foreseen that informal family meetings are most effective when family businesses implement formal family governance practices.
Design/methodology/approach
Hypotheses are tested on a sample of 490 family firms using robust ordinary least square estimations.
Findings
The main findings suggest that informal family meetings are positively associated with family-centered non-economic goals and this relationship is fully mediated by the presence of formal family governance practices.
Originality/value
The use of new system theory for developing the hypotheses allows the study to contribute with a more comprehensive understanding of the social systems in family firms, and how interactions between the family logic and the business logic relate.
Details
Keywords