Who should sit there? Effects of family-oriented objectives on board composition
by Rodrigo Basco; Andrea Calabrò
International Journal of Entrepreneurial Venturing (IJEV), Vol. 9, No. 1, 2017

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.

Online publication date: Wed, 01-Mar-2017

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