Final published version
Research output: Contribution to Journal/Magazine › Editorial › peer-review
Research output: Contribution to Journal/Magazine › Editorial › peer-review
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TY - JOUR
T1 - Governance mechanisms and family firms
AU - Chrisman, James J.
AU - Chua, Jesus Huan
AU - LeBreton-Miller, Isabelle
AU - Miller, Danny
AU - Steier, Lloyd
PY - 2018/3/1
Y1 - 2018/3/1
N2 - Governance, along with goals and resources, is a key determinant of the distinctiveness and heterogeneity of family firms. Our introduction discusses formal and informal governance mechanisms that emanate from inside and outside the firm and then reviews, integrates, and extends the contributions to this topic of the six articles and four commentaries in this special issue. Building and reflecting on these contributions, we suggest that although formal governance mechanisms inside family firms have unique characteristics, informal governance mechanisms may be equally important, and external mechanisms, both formal and informal, can also profoundly influence the behavior and performance of family firms.
AB - Governance, along with goals and resources, is a key determinant of the distinctiveness and heterogeneity of family firms. Our introduction discusses formal and informal governance mechanisms that emanate from inside and outside the firm and then reviews, integrates, and extends the contributions to this topic of the six articles and four commentaries in this special issue. Building and reflecting on these contributions, we suggest that although formal governance mechanisms inside family firms have unique characteristics, informal governance mechanisms may be equally important, and external mechanisms, both formal and informal, can also profoundly influence the behavior and performance of family firms.
KW - family firms
U2 - 10.1177/1042258717748650
DO - 10.1177/1042258717748650
M3 - Editorial
VL - 42
SP - 171
EP - 186
JO - Entrepreneurship Theory and Practice
JF - Entrepreneurship Theory and Practice
SN - 1042-2587
IS - 2
ER -