scholarly journals Family Businesses, Corporate Governance and the Portuguese SPQ

2018 ◽  
Author(s):  
Alexandre Martins
Keyword(s):  
Corporate Governance ◽  
Family Businesses

Family Business Governance

2021 ◽  
pp. 24-40
Author(s):  
Reena Agrawal ◽  
Ganga Bhavani
Keyword(s):  
Corporate Governance ◽  
Best Practices ◽  
Family Business ◽  
Family Businesses ◽  
Business Strategies ◽  
Business Organizations ◽  
Substantial Portion ◽  
Advantages And Disadvantages ◽  
The World

Corporate governance is a significant tool to build strong and long relationships among various stakeholders in kinds of business organizations. Family businesses are not an exception to this. Like any other businesses, family businesses also need to have governance in place and practice to achieve the business strategies and to have long-term succession. Family-owned businesses are the backbone of many countries' economies in the world contributing substantial portion of GDP. Considering these, it is important to know the best practices of governance in family owned business organizations and the role played by governance to improve the strengths of these businesses. The chapter throws light on family business governance and explores various important practices highlighting their advantages and disadvantages in detail.

The Intersection of Family Business and Audit Research: Potential Opportunities

2010 ◽  
Vol 23 (3) ◽  
pp. 216-229 ◽  
Author(s):  
Andrew J. Trotman ◽  
Ken T. Trotman
Keyword(s):  
Decision Making ◽  
Corporate Governance ◽  
Family Business ◽  
Audit Quality ◽  
Internal Audit ◽  
Family Businesses ◽  
Judgment And Decision Making ◽  
Theoretical Frameworks ◽  
Audit Judgment ◽  
Auditor Judgments

Previous research has illustrated the importance of family businesses and significant differences between family and nonfamily businesses. Such differences will likely affect auditing for family versus nonfamily businesses. The authors emphasize experimental research labeled as “audit judgment and decision making research.” They argue that some aspects of people, tasks, and environment are different between family and nonfamily businesses and that these differences affect auditor judgments. A range of theoretical frameworks applicable to auditing research related to family businesses are considered. The authors suggest potential research opportunities related to auditor judgments, auditor—client negotiations, the demand for auditing, audit quality, corporate governance, and internal audit.

scholarly journals Corporate Governance of Family Businesses in Croatia

2021 ◽  
Vol 2 (1) ◽  
pp. 9-27
Author(s):  
Mihaela Braut Filipović
Keyword(s):  
Corporate Governance ◽  
Family Business ◽  
Limited Liability ◽  
Comparative Law ◽  
Legal Framework ◽  
Family Businesses ◽  
Family Farms ◽  
Socio Economic Development ◽  
Legal Forms ◽  
Successful Transfer

The importance of family businesses in the Croatian economy is well known. In this respect, Croatia is part of the larger picture in which family businesses are considered of fundamental importance to the European Union’s economy. The most specific feature that sets Croatian family businesses apart is that they are all relatively young, as they were mostly established in the 1990s. This is due to the socio-economic development of Croatia as a country that was part of the former Yugoslavia. In this regard, although the traditions of certain crafts and products are significantly older, the modern legal vehicles through which such business is conducted, that is, Croatian companies, are only around thirty years old. This fact contributes to the hypothesis that governance issues related to family businesses are an underdeveloped legal area. However, the need to address the specific needs of Croatian businesses is on the rise, as a significant number of the founders are now retiring, and the issue of successful transfer of these businesses has never been more important. The goal of this article is to question whether available legal instruments for enhancing the governance of family businesses from comparative law and practice such as family constitutions and family councils can be applied in Croatian practice as well. To this end, this study analyses the most significant legal forms in which a family business can be established in Croatia: crafts, family farms, and all types of commercial companies (with an emphasis on limited liability and joint-stock companies). Analysis of the Croatian legal framework from the perspective of family businesses will contribute to the comparative discussion regarding the specific legal needs and challenges of such businesses.

scholarly journals CEO succession decision in family businesses – A corporate governance perspective

2018 ◽  
Vol 23 (2) ◽  
pp. 130-136 ◽  
Author(s):  
Chin-Jung Luan ◽  
Ying-Yu Chen ◽  
Hsiu-Ying Huang ◽  
Kai-Shiuan Wang
Keyword(s):  
Corporate Governance ◽  
Family Businesses ◽  
Ceo Succession

scholarly journals The Moderating Effect of Family Business Ownership on the Relationship between Short-Selling Mechanism and Firm Value for Listed Companies in China

2021 ◽  
Vol 14 (6) ◽  
pp. 236
Author(s):  
Wenzhen Mai ◽  
Nik Intan Norhan Binti Abdul Hamid
Keyword(s):  
Corporate Governance ◽  
Family Business ◽  
Value Creation ◽  
Firm Value ◽  
Panel Data Analysis ◽  
Listed Companies ◽  
Short Selling ◽  
Family Businesses ◽  
External Governance ◽  
The Relationship

This study demonstrates an investigation of the external corporate governance effect of short selling mechanisms on firm value in the Chinese context. The effect of family businesses is also examined as a moderator of the relationship between short-selling and firm value. Using panel data analysis of Chinese listed companies, this paper tests a total sample of 22,468 firm-year observations from the Shanghai and Shenzhen Stock Exchange from 2009 to 2019 by applying the PSM-DID method in order to mitigate self-selection and endogenous problems caused by the uniqueness of Chinese short selling mechanisms. The findings suggest that both deregulation and the propensity of short selling can improve the firm value. Our findings also established that family ownership weakens firm value with the availability of short-selling, which indicates that family businesses have long orientations and conduct better corporate governance practices than non-family business, as short-selling shows a weaker external governance effect on firm value creation by family businesses in China. A robust test of alternative measurements is conducted and validated. This study provides significant insights for policymakers to consider in order to further relax short-selling constraints, which can act as effective external governance for better firm value creation, especially for non-family businesses in developing countries.

scholarly journals The effectiveness of corporate governance in adhering to business ethics and social responsibility in family businesses to achieve sustainable development dimensions - A statistical reading of Algeria experience in the field of governance and business eth

2018 ◽  
Vol 2 (2) ◽  
pp. 104-136
Author(s):  
Mouhamed Said SAIDANI ◽  
Labidi MEHAOUAT ◽  
Ahmed BEKKAYE
Keyword(s):  
Corporate Governance ◽  
Business Ethics ◽  
Ethical Behavior ◽  
Family Businesses ◽  
Reporting Standards ◽  
Minority Shareholders ◽  
Goods Market ◽  
Ease Of Access ◽  
The Relationship

The study aimed at revealing thcve nature of the relationship between corporate governance and business ethics in family businesses in Algeria. In order to clarify the relationship, the aspects of impact were analyzed in 07 key areas: Protection of minority shareholders’ interests PMSI, Ethical behavior of firms EBF, Strength of auditing and reporting standards SARS, Efficiency enhancers  EE, Ethics and corruption CORR, Ease of access to loans EAL, Goods market efficiency GME, Using the statistical program SPSS 24 to study associative relationships and derive long-term dynamic relationships, the results showed a long-term balance between corporate governance and broader ethics In five key aspects: Protection of minority shareholders’ interests PMSI, Ethical behavior of firms EBF, Strength of auditing and reporting standards SARS, Efficiency enhancers  EE, Goods market efficiency GME, with no relationship between corporate governance and Ethics and corruption CORR, Ease of access to loans EAL, This leads us to say that there is a long-term dynamic balance between institutional governance and business ethics in family businesses in Algeria. The study therefore recommends further structural institutional reforms if any future governance or institutional effectiveness is to be achieved.

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