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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/11788

Title: Do Private Family SMEs really need an empowered board?
Authors: SWINNEN, Marleen
HOUBEN, Ghislain
LYBAERT, Nadine
VOORDECKERS, Wim
LAMBRECHTS, Frank
Issue Date: 2010
Citation: Van Gils, Anita & Carree, Martin & Bammens, Yannick (Ed.) Proceedings Rent XXIV - Research in Entrepreneurship and Small Business.
Abstract: This article examines why a private family SME with several governance needs, works with a paper or rubber-stamp board and how the firm then manages its governance needs. Based on an in-depth case study, we suggest that the explanation for this apparent paradox might be found in the fact that board empowerment is determined by the governance needs of the firm. And since these governance needs can also be managed by alternative governance mechanisms, there may be no need for that family SME to have an empowered board. Our results also suggest that institutional effects play a very important role in the way the firm deals with its governance needs, and thus also in the empowerment of the board in the firm. These institutional effects however can only exist to the extent that the CEO allows this to happen.
URI: http://hdl.handle.net/1942/11788
Category: C2
Type: Proceedings Paper
Appears in Collections: Research Center for Entrepreneurship and Innovation
Financing, entrepreneurship and reporting - Archive
Accountancy & Finance
Governance

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