IDEAS home Printed from https://ideas.repec.org/a/taf/ujbmxx/v53y2015i2p355-381.html
   My bibliography  Save this article

Governance Systems in Family SMEs: The Substitution Effects between Family Councils and Corporate Governance Mechanisms

Author

Listed:
  • Luca Gnan
  • Daniela Montemerlo
  • Morten Huse

Abstract

The main objective of this paper is to explore the role of family councils vis‐à‐vis corporate governance mechanisms. Particularly, the paper explores whether family councils perform only their distinctive family governance role or if they also substitute for the roles performed by corporate governance control mechanisms. Based on a sample of 243 talian family s, our research findings show that the family council partially substitutes the shareholders' meeting and the board of directors in playing their respective corporate governance roles of ownership and monitoring. These findings are interpreted in the light of both agency and relational perspectives.

Suggested Citation

  • Luca Gnan & Daniela Montemerlo & Morten Huse, 2015. "Governance Systems in Family SMEs: The Substitution Effects between Family Councils and Corporate Governance Mechanisms," Journal of Small Business Management, Taylor & Francis Journals, vol. 53(2), pages 355-381, April.
    • Handle: RePEc:taf:ujbmxx:v:53:y:2015:i:2:p:355-381
    DOI: 10.1111/jsbm.12070
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/jsbm.12070
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1111/jsbm.12070?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ellen Janssen & Sigrid Vandemaele & Wim Voordeckers & Mark Vancauteren, 2024. "Investigating performance implications of intra‐family ownership successions: Equity transfers with versus without debt creation," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(1), pages 635-656, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ujbmxx:v:53:y:2015:i:2:p:355-381. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/ujbm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.