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Governance in the Family Businesses

In: Entrepreneurial Family Businesses

Author

Listed:
  • Veland Ramadani

    (South East European University)

  • Esra Memili

    (University of North Carolina at Greensboro)

  • Ramo Palalić

    (International University of Sarajevo)

  • Erick P. C. Chang

    (Arkansas State University)

Abstract

The key factor distinguishing family firms from others is the family’s involvement in the governance of their firm through participation in ownership, management, and board (if any) along with their intentions for maintaining family control over the firm across generations. Firma Roleski in the profile of this chapter is an example. The level of family involvement in governance depends on a firm’s being private or publicly traded, firm age, firm size, industry in which it operates, and family size as well as other family dynamics. In the profile firm Firma Roleski, aside from 100% family ownership and involvement in management, a family constitution is in place not only to ensure the continuity of the family business success but also to facilitate the succession to future generations.

Suggested Citation

  • Veland Ramadani & Esra Memili & Ramo Palalić & Erick P. C. Chang, 2020. "Governance in the Family Businesses," Springer Texts in Business and Economics, in: Entrepreneurial Family Businesses, chapter 2, pages 29-41, Springer.
    • Handle: RePEc:spr:sptchp:978-3-030-47778-3_2
    DOI: 10.1007/978-3-030-47778-3_2
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    Cited by:

    1. da Silva Medina, Gabriel & Pokorny, Benno, 2022. "Agro-industrial development: Lessons from Brazil," Land Use Policy, Elsevier, vol. 120(C).
    2. Oliveira, Fabio & Kakabadse, Nada & Khan, Nadeem, 2022. "Board engagement with digital technologies: A resource dependence framework," Journal of Business Research, Elsevier, vol. 139(C), pages 804-818.
    3. Allen, Darcy W.E. & Berg, Chris & Lane, Aaron M., 2023. "Why airdrop cryptocurrency tokens?," Journal of Business Research, Elsevier, vol. 163(C).
    4. Jahmurataj, Veton & Ramadani, Veland & Bexheti, Abdylmenaf & Rexhepi, Gadaf & Abazi-Alili, Hyrije & Krasniqi, Besnik A., 2023. "Unveiling the determining factors of family business longevity: Evidence from Kosovo," Journal of Business Research, Elsevier, vol. 159(C).
    5. Amankwah-Amoah, Joseph & Khan, Zaheer & Wood, Geoffrey & Knight, Gary, 2021. "COVID-19 and digitalization: The great acceleration," Journal of Business Research, Elsevier, vol. 136(C), pages 602-611.
    6. Prager, Katrin, 2022. "Implementing policy interventions to support farmer cooperation for environmental benefits," Land Use Policy, Elsevier, vol. 119(C).

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