The Importance of Family Firm Trusts in Family Firm Governance

被引：8
|
作者：
Scholes, Louise [1 ]
Wilson, Nick [2 ]
机构：
[1] Durham Univ Business Sch, Durham DH1 3LB, England
[2] Univ Leeds, Credit Management Res Ctr, Leeds Univ Business Sch, Leeds LS2 9JT, W Yorkshire, England
来源：
ENTREPRENEURSHIP THEORY AND PRACTICE | 2014年 / 38卷 / 06期
关键词：
MULTIPLE-AGENCY CONFLICTS; IPO FIRMS;
D O I：
10.1111/etap.12124
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We explore the governance role of trusts in family firms and develop a typology that maps different configurations of boards and trustees with the longevity and efficiency of family firms. Suggestions are given for the proposed effects of these configurations, and comparisons are made with Carney, Gedajlovic, and Strike's dead money discussion. Recognition is given to the fact that the dynamics of family firms is inextricably linked to the life cycle of families, and that governance mechanisms need to react to changes and developments during the life cycle if the family firm is to be conserved.
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页码：1285 / 1293
页数：9
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