Contingencies versus external pressure: professionalization in boards of firms affiliated to family business groups in late-industrializing countries

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Abstract

We examine the antecedents of professionalization in boards of firms affiliated to family business groups, increasingly recognized in the literature as the dominant form of big business organization in many late-industrializing countries. Dimensions of board professionalization that we include in our study are board size, ratio of salaried executives and outsider presence. We compare predictions on board composition derived from contingency, institutional and power perspectives. Turkish family business groups, considered as an archetypal example of this form of organization, provide the empirical setting for the study, with data on 299 firms affiliated to ten different family business groups. Our results provide greater support for institutional and power perspectives, showing that, relative to internal and external complexity facing affiliate firms, institutional pressures and the presence of joint venture partners better predict board professionalization.

Available Versions of this Item

• Contingencies versus External Pressure: Board Composition in Firms Affiliated to Diversified Family Business Groups. (deposited 11 Oct 2007 22:06)
  • Contingencies versus external pressure: professionalization in boards of firms affiliated to family business groups im late-industrializing countries. (deposited 20 Oct 2009 22:06)
    • Contingencies versus external pressure: professionalization in boards of firms affiliated to family business groups in late-industrializing countries. (deposited 12 Aug 2010 12:04) [Currently Displayed]