Boards of advisors in family smalland medium-sized enterprises

Judith Van Helvert-Beugels; Anita Van Gils; Jolien Huybrechts

doi:10.1007/978-3-319-77676-7_8

Boards of advisors in family smalland medium-sized enterprises

Judith Van Helvert-Beugels^*, Anita Van Gils, Jolien Huybrechts

^*Corresponding author for this work

Organisation,Strategy & Entrepreneurship

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic

Abstract

This study examines the determinants of advisory boards in Dutch family small- and medium-sized enterprises. Boards of advisors consist of committed people that recurrently provide advice to the family firm’s decision-makers. Using resource-dependence theory, we hypothesize and find empirical support for the positive influence of highly dynamic environments on the presence of an advisory board. Contrary to our expectations, the presence of a board of directors positively influences the likelihood of having an advisory board, suggesting complementarity between these two governance mechanisms. We found no support for a generational effect on advisory board presence.

Original language	English
Title of host publication	The Palgrave Handbook of Heterogeneity among Family Firms
Publisher	Palgrave Macmillan
Pages	181-199
Number of pages	19
ISBN (Electronic)	9783319776767
ISBN (Print)	9783319776750
DOIs	https://doi.org/10.1007/978-3-319-77676-7_8
Publication status	Published - 1 Jan 2018

Keywords

Boards of advisors
Family SMEs
Governance
Resource-dependence theory

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10.1007/978-3-319-77676-7_8

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AB - This study examines the determinants of advisory boards in Dutch family small- and medium-sized enterprises. Boards of advisors consist of committed people that recurrently provide advice to the family firm’s decision-makers. Using resource-dependence theory, we hypothesize and find empirical support for the positive influence of highly dynamic environments on the presence of an advisory board. Contrary to our expectations, the presence of a board of directors positively influences the likelihood of having an advisory board, suggesting complementarity between these two governance mechanisms. We found no support for a generational effect on advisory board presence.

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KW - Governance

KW - Resource-dependence theory

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BT - The Palgrave Handbook of Heterogeneity among Family Firms

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Boards of advisors in family smalland medium-sized enterprises

Abstract

Keywords

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