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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/1529

Title: Board Composition in Small and Medium-Sized Family Firms
Authors: VOORDECKERS, Wim
VAN GILS, Anita
VAN DEN HEUVEL, Jeroen
Issue Date: 2007
Publisher: Blackwell
Citation: Journal of small business management, 45(1). p. 137-156
Abstract: This study focuses on the determinants of board composition in Belgian small and medium-sized family firms. It extends the empirical literature on board composition in private small and medium-sized family enterprises by integrating several dimensions of the "family component" in the research model. Furthermore, using a multinomial logit model, we examine in which circumstances family firms opt for (1) a family board, (2) an inside board, or (3) an outside board. Results suggest that family-related contingency variables are far more important than CEO-related or control variables, giving support to the argument that board composition in family firms is a reflection of the family characteristics and objectives. Moreover, the results suggest that a resource dependence and added value perspective explain more of the variation in board composition than agency considerations.
URI: http://hdl.handle.net/1942/1529
DOI: 10.1111/j.1540-627X.2007.00204.x
ISI #: 000242964600011
ISSN: 0047-2778
Category: A1
Type: Journal Contribution
Validation: ecoom, 2008
Appears in Collections: Research Center for Entrepreneurship and Innovation
Financial Management - Archive

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