Governance in Family Firms: Antecedents, Mechanism, and Consequence

Governance in Family Firms: Antecedents, Mechanism, and Consequence open_in_new

Management and Organization, Special Issue on “Governance in Family Firms: Antecedents, Mechanism, and Consequence ":

http://www.taom.org.tw/journal_O.php#tabs-3

 Management and Organization is a TSSCI and CSSCI ranking journal.

This special issue welcomes manuscripts in English or Chinese.

Submission Deadline: November 30, 2019

Submission Link: http://www.ipress.tw/J0102

 

Additional Information:

Enquiry and Special Issue Guest Editors

Zong-Rong Lee, Academia Sinica, Taiwan, e-mail: zlee@sinica.edu.tw

Hsi-Mei Chung, I-Shou University, Taiwan, e-mail: smchung@isu.edu.tw

Special Issue Theme Introduction

Governance is the methods to keep the entity run in the right way and get the good consequences. Governance will be related with a subject, such as the corporate or the government. From 1980, corporate governance is a hot issue in the management, finance or the law field. The aim of corporate governance is to enhance the corporate operation and performance as well as protecting the stakeholders’ interests by external and internal governance mechanism designs (Shleifer & Vishny, 1997；OECD, 2004). Whether corporate governance works is contingent on who is the controller, and the aim of the controller can meet other stakeholder’s interests or not (Aguilera & Crespi-Cladera, 2016; Davis, 2005). Family and the family owners are one kind of important controller in the corporate history (Morck, 2000, 2007). The importance of family and the owners as the corporate controllers will be related with the governance issues and also the discussion on what kind of “good way” for corporate and for the family.

In the past few decades, scholars have addressed the governance issues in the family firms from the angles of corporate governance. In that, we got fruitful research on whether ownership, management and board structure may influence the governance and the consequences in a family firm (e.g., Aguilera & Crespi-Cladera, 2012; Carney, 2005; Kumar & Zattoni, 2016). In the same time, there are scholars highlight the family governance concept and indicate the differences of the family goal with the corporate goal in a family firm (e.g., Le Breton-Miller & Miller, 2006, 2018 ; Miller & Le-Breton-Miller, 2006). However, either addressing corporate governance issues in a fmaily firm or family governance issues, studies need to indictae specifically how, why, and for what consequence that family will influnece the coproate (Gersick & Feliu, 2013; Jennings, Breitkreuz, & James, 2013; Payne, 2018).

Family firm is a kind of complex organization that combines with the family and the firm entity. In order to know deeply how, why, and for what consequences that family will influence the corporate, Organization and Management journal calls a special issue on “Governance in Family Firms: Antecedents, Mechanism, and Consequence”. We sincerely welcome scholars from different disciplines, such as management, sociology, psychology, history, law, or even the anthropology, to submit the manuscript in Chinese or English.

We seek to advance the family firm studies by encouraging the followings topics (not limited to these topics):

  1. Cultural environment and the governance in the family firms
  2. Institutional context and the governance in the family firms, for example, corporate law and the governance in a family firm
  3. Family control and the social performance consequences
  4. Family control and the corporate strategy or performance
  5. Family dynamics and the succession in a family firm
  6. Governance in a family business group or in a public family firm
  7. Organizational attributes in a family firm and the social capital in a family firm

 References

  1. Aguilera, R. V., & Crespi-Cladera, R. 2012. Firm family firms: Current debates of corporate governance in family firms. Journal of Family Business Strategy, 3(2): 66-69.
  2. Aguilera, R. V., & Crespi-Cladera, R. 2016. Global corporate governance: On the relevance of firms’ ownership structure. Journal of World Business, 51(1): 50-57.
  3. Carney, M. 2005. Corporate governance and competitive advantage in family-controlled firms. Entrepreneurship Theory and Practice, 29(3): 249-265.
  4. Davis, G. F. 2005. New directions in corporate governance. Annual Review of Sociology, 31(1): 143-162.
  5. Gersick, K. E., & Feliu, N. 2013. Governing the family enterprise: Practices, performance and research. In Leig Melin, Matitias Nordqvist, & Pramodita Sharma (Eds.), SAGE Handbook of Family Business: 196-225. London, Sage Publications Ltd.
  6. Kumar, P., & Zattoni, A. 2016. Family business, corporate governance, and firm performance. Corporate Governance: An International Review, 24(6): 550-551.
  7. Le Breton-Miller, I., & Miller, D. 2006. Why do some family business out-compete? Governance, long-term orientations, and sustainable capability. Entrepreneurship Theory and Practice, 30(6): 731-746.
  8. Le Breton‐Miller, I., & Miller, D. 2018. Looking back at and forward from: “Family Governance and Firm Performance: Agency, Stewardship, and Capabilities”. Family Business Review, 31(2): 229-237.
  9. Miller, D., & Le-Breton-Miller, I. 2006. Family governance and firm performance: Agency, stewardship, and capabilities. Family Business Review, 19(1): 73-87.
  10. Morck, R. K. (Ed.). 2000. Concentrated Corporate Ownership. Chicago: The University of Chicago Press.
  11. Morck, R. K. (Ed.). 2007. A History of Corporate governance around the World: Family Business Groups to Professional Managers. Chicago: The University of Chicago Press.
  12. Organization of Economic Cooperation and Development (OECD). 2004. OECD Principles of Corporate Governance. Paris: OECD.
  13. Payne, G. T. 2018. Reflections on family business research: Considering domains and theory. Family Business Review, 31(2): 167-175.
  14. Sharma, P., Melin, L., & Nordqvist, M. 2013. Introduction: Scope, evolution, and future of family business studies. In Leig Melin, Matitias Nordqvist, & Pramodita Sharma (Eds.), The Sage Handbook of Family Business: 1-22. London, Sage Publications Ltd.
  15. Shleifer, A., & Vishny, R. W. 1997. A survey of corporate governance. Journal of Finance, 52(2): 737-783.