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Who should sit there? Effects of family-oriented objectives on board composition

Author

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  • Rodrigo Basco
  • Andrea Calabrò

Abstract

The aim of this article is to shed new light on the antecedent of board composition in family firms. By integrating socioemotional wealth and stewardship theory, we hypothesise that family-oriented objectives not only affect the traditional dichotomous classification (family vs. non-family board members) but also the inner composition among family board members (e.g., family board members working in the firm vs. family board members not working in the firm). Our main findings suggest that the stronger the importance of family-oriented objectives, the greater the presence of family members on boards of directors. Furthermore, for high levels of family-oriented objectives, where steward-oriented behaviours prevail, the sub-group of family board members on the board will be mainly composed of family board members working in the firm.

Suggested Citation

  • Rodrigo Basco & Andrea Calabrò, 2017. "Who should sit there? Effects of family-oriented objectives on board composition," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 9(1), pages 81-99.
    • Handle: RePEc:ids:ijeven:v:9:y:2017:i:1:p:81-99
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    Cited by:

    1. Requejo, Ignacio & Reyes-Reina, Fernando & Sanchez-Bueno, Maria J. & Suárez-González, Isabel, 2018. "European family firms and acquisition propensity: A comprehensive analysis of the legal system’s role," Journal of Family Business Strategy, Elsevier, vol. 9(1), pages 44-58.
    2. Rosalia Santulli & Mariateresa Torchia & Andrea Calabrò & Carmen Gallucci, 2019. "Family ownership concentration and firm internationalization: integrating principal-principal and socioemotional wealth perspectives," Journal of International Entrepreneurship, Springer, vol. 17(2), pages 220-248, June.

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