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The Study of the Relations among Ethical Considerations, Family Management and Organizational Performance in Corporate Governance

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  • C.-F. Wu

Abstract

Corporate governance is increasingly becoming an issue of global concern, not least because we are more and more living in a corporate world that transcends international boundaries. The main purpose and motivation of this study is to determine how the international community should motivate businesses in fostering exemplary corporate governance, therefore eliminating obstacles to ethically exemplary behavior. The empirical approach utilized here has been applied to 161 businesses, both listed and over-the-counter (OTC) companies, with the results indicating that ethical considerations, corporate governance and organizational performance are inextricably linked and, to an extent, demonstrably proportional. This study also indicates a major finding that family management is a significant mediating variable of the ethical considerations of corporate governance and organizational performance. Finally, this study has developed an operational model of ethical considerations of corporate governance as a consultancy aid for businesses that wish to implement and/or boost their performance in respect to corporate governance. Copyright Springer Science+Business Media, Inc. 2006

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  • C.-F. Wu, 2006. "The Study of the Relations among Ethical Considerations, Family Management and Organizational Performance in Corporate Governance," Journal of Business Ethics, Springer, vol. 68(2), pages 165-179, October.
    • Handle: RePEc:kap:jbuset:v:68:y:2006:i:2:p:165-179
    DOI: 10.1007/s10551-006-9063-z
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    References listed on IDEAS

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    1. Wieland, Josef, 2001. "The Ethics of Governance," Business Ethics Quarterly, Cambridge University Press, vol. 11(1), pages 73-87, January.
    2. Leenders, Mark & Waarts, Eric, 2003. "Competitiveness and Evolution of Family Businesses:: The Role of Family and Business Orientation," European Management Journal, Elsevier, vol. 21(6), pages 686-697, December.
    3. Collier, Jane & Roberts, John, 2001. "Introduction An Ethic for Corporate Governance?," Business Ethics Quarterly, Cambridge University Press, vol. 11(1), pages 67-71, January.
    4. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-325, June.
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    Cited by:

    1. Gopal Krishnan & Marietta Peytcheva, 2019. "The Risk of Fraud in Family Firms: Assessments of External Auditors," Journal of Business Ethics, Springer, vol. 157(1), pages 261-278, June.
    2. Shujun Ding & Zhenyu Wu, 2014. "Family Ownership and Corporate Misconduct in U.S. Small Firms," Journal of Business Ethics, Springer, vol. 123(2), pages 183-195, August.
    3. Shujun Ding & Baozhi Qu & Zhenyu Wu, 2016. "Family Control, Socioemotional Wealth, and Governance Environment: The Case of Bribes," Journal of Business Ethics, Springer, vol. 136(3), pages 639-654, July.
    4. Tina He & Wilson Li & Gordon Tang, 2012. "Dividends Behavior in State- Versus Family-Controlled Firms: Evidence from Hong Kong," Journal of Business Ethics, Springer, vol. 110(1), pages 97-112, September.
    5. Reginald Litz & Nick Turner, 2013. "Sins of the Father’s Firm: Exploring Responses to Inherited Ethical Dilemmas in Family Business," Journal of Business Ethics, Springer, vol. 113(2), pages 297-315, March.

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