The Role of Governance Structure in the Context of Crisis Management An Empirical Analysis on a German Sample of Non-Family and Family Businesses
Description
Both practitioners and scholars agree that organizations that are ready to cope with crisis should be better able to manage it than organizations which are not prepared. As, due to their company characteristics, family businesses are exposed to additional causes of crisis beyond the usual causes all companies face, preparing for crisis is of specific importance to them.
Based on empirical investigations, Pedram Faghfouri shows that non-family businesses are more likely to prepare for crisis when compared to family businesses. The author’s findings let further suggest that the existence of a supervisory board has a positive effect on the degree of crisis readiness of a family business. Moreover, in family businesses with supervisory boards, the involvement of family members in the top management team seems to have a negative effect on the degree of crisis readiness.Keywords
Business & EconomicsManagement
2012Book
Author(s)Pedram Faghfouri
PublisherSpringer Fachmedien Wiesbaden
ISBN9783658005955
LanguageEnglish
