Boards of advisors in family small- and medium-sized enterprises

Judith Van Helvert-Beugels, Anita van Gils, Jolien Huybrechts

Research output: Chapter in Book/Report/Conference proceedingChapterAcademic


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 languageEnglish
Title of host publicationThe Palgrave handbook of heterogeneity among family firms
EditorsEsra Memili, Clay Dibrell
PublisherPalgrave Macmillan
ISBN (Electronic)9783319776767
ISBN (Print)978-3-319-77675-0
Publication statusPublished - 2019

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