Family Firms and Compliance: Reconciling the Conflicting Predictions Within the Socioemotional Wealth Perspective

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dc.contributor.author Kabbach de Castro, Luiz Ricardo
dc.contributor.author Aguilera, Ruth V.
dc.contributor.author Crespí-Cladera, Rafel
dc.date.accessioned 2020-04-08T10:19:30Z
dc.date.available 2020-04-08T10:19:30Z
dc.identifier.uri http://hdl.handle.net/11201/151995
dc.description.abstract [eng] We draw on the socioemotional wealth perspective to examine the influence of family ownership on firms' noncompliance with corporate governance codes. Our results yield an inverted U-shaped effect of family ownership on noncompliance. While the family influence and control dimension leads to high levels of noncompliance, socioworthiness stemming from image and reputation dimension lessens noncompliance. In the presence of potential agency conflict, the control dimension prevails over reputation, even in countries with strong governance institutions. Our findings have critical implications for family business theory, for governance policy making and also for better understanding corporate governance in family firms.
dc.format application/pdf
dc.relation.isformatof Versió postprint del document publicat a: https://doi.org/10.1177/0894486516685239
dc.relation.ispartof Family Business Review, 2017, vol. 30, num. 2, p. 137-159
dc.rights (c) Kabbach de Castro, Luiz Ricardo et al., 2017
dc.subject.classification 33 - Economia
dc.subject.other 33 - Economics. Economic science
dc.title Family Firms and Compliance: Reconciling the Conflicting Predictions Within the Socioemotional Wealth Perspective
dc.type info:eu-repo/semantics/article
dc.type info:eu-repo/semantics/acceptedVersion
dc.date.updated 2020-04-08T10:19:30Z
dc.subject.keywords Corporate Governance
dc.rights.accessRights info:eu-repo/semantics/openAccess
dc.identifier.doi https://doi.org/10.1177/0894486516685239


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