Blood in the boardroom: Family relationships influencing the functions of the board
AbstractThe board of directors at the family firm is often dominated by family members. While research has acknowledged the presence of the family, it has neglected the actual family composition of the board and the effects it has on the board's activities. We study the family composition of the board through using insights from evolutionary psychology, stressing genetic kinship. We present a model where the contingency of genetic relationships of the family directors influences the functional emphasis of the family firm's board. Testing the hypotheses on a convenience sample of 68 small and medium-sized Swedish family firms, we find indications of genetic kinship influencing the functions of the board. We suggest the development of the family conception along these lines, where the importance of kinship ties and characteristics of nepotism are explored. The practical implication is a recommendation for families to have a conscious strategy to manage nepotism.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Journal of Family Business Strategy.
Volume (Year): 3 (2012)
Issue (Month): 4 ()
Contact details of provider:
Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/719791/description#description
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lubatkin, Michael H. & Durand, Rodolphe & Ling, Yan, 2007. "The missing lens in family firm governance theory: A self-other typology of parental altruism," Journal of Business Research, Elsevier, Elsevier, vol. 60(10), pages 1022-1029, October.
- Woods, Jeremy A. & Dalziel, Thomas & Barton, Sidney L., 2012. "Escalation of commitment in private family businesses: The influence of outside board members," Journal of Family Business Strategy, Elsevier, Elsevier, vol. 3(1), pages 18-27.
- Jeroen van den Heuvel & Anita Van Gils & Wim Voordeckers, 2006. "Board Roles in Small and Medium-Sized Family Businesses: performance and importance," Corporate Governance: An International Review, Wiley Blackwell, Wiley Blackwell, vol. 14(5), pages 467-485, 09.
- Jaskiewicz, Peter & Klein, Sabine, 2007. "The impact of goal alignment on board composition and board size in family businesses," Journal of Business Research, Elsevier, Elsevier, vol. 60(10), pages 1080-1089, October.
- Yannick Bammens & Wim Voordeckers & Anita Gils, 2008. "Boards of directors in family firms: a generational perspective," Small Business Economics, Springer, Springer, vol. 31(2), pages 163-180, August.
- Arosa, Blanca & Iturralde, Txomin & Maseda, Amaia, 2010. "Outsiders on the board of directors and firm performance: Evidence from Spanish non-listed family firms," Journal of Family Business Strategy, Elsevier, Elsevier, vol. 1(4), pages 236-245, December.
- Webb, Justin W. & Ketchen Jr., David J. & Ireland, R. Duane, 2010. "Strategic entrepreneurship within family-controlled firms: Opportunities and challenges," Journal of Family Business Strategy, Elsevier, Elsevier, vol. 1(2), pages 67-77, June.
- Basco, Rodrigo & Pérez Rodríguez, María José, 2011. "Ideal types of family business management: Horizontal fit between family and business decisions and the relationship with family business performance," Journal of Family Business Strategy, Elsevier, Elsevier, vol. 2(3), pages 151-165.
- Karin JonnergÃ¥rd & Anna Stafsudd, 2011. "The making of active boards in Swedish public companies," Journal of Management and Governance, Springer, Springer, vol. 15(1), pages 123-155, February.
- Schulze, William S. & Lubatkin, Michael H. & Dino, Richard N., 2003. "Toward a theory of agency and altruism in family firms," Journal of Business Venturing, Elsevier, vol. 18(4), pages 473-490, July.
- William S. Schulze & Michael H. Lubatkin & Richard N. Dino, 2002. "Altruism, agency, and the competitiveness of family firms," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 23(4-5), pages 247-259.
- Sven-Olof Collin, 2007. "Governance strategy: a property right approach turning governance into action," Journal of Management and Governance, Springer, Springer, vol. 11(3), pages 215-237, September.
- Michael H. Lubatkin & Yan Ling & William S. Schulze, 2007. "An Organizational Justice-Based View of Self-Control and Agency Costs in Family Firms," Journal of Management Studies, Wiley Blackwell, Wiley Blackwell, vol. 44(6), pages 955-971, 09.
- Stoilkovska, Aleksandra & Milenkovska , Violeta & Serafimovic , Gordana, 2013. "The Influence Of Family Relations On Decision Making In Family Businesses," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, University of Tourism and Management, Skopje, Macedonia, vol. 4(1), pages 17-26.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.