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| Author: | Yildirim-Öktem, Ö. Üsdiken, B. |
| Title: | Contingencies versus external pressure: professionalization in boards of firms affiliated to family business groups in late-industrializing countries |
| Journal: | British Journal of Management
2010 : MAR, VOL. 21:1, p. 115-130 |
| Index terms: | board of directors professionalization family firms groups Turkey |
| Freeterms: | industrialising countries |
| Language: | eng |
| Abstract: | This study explores the antecedents of professionalization (henceforth as: profzn.) in boards of firms affiliated to family business groups, increasingly recognized in the literature as the main form of big business organization in many late-industrializing countries. Dimensions of board profzn. included herein are board size, ratio of salaried executives and outsider presence. Predictions on board composition derived from contingency, institutional and power perspectives are compared. Turkish family business groups, seen as an archetypal example of this form of organization, provide this study's empirical setting, with data on nearly 300 firms affiliated to 10 different family business groups. The results show that, relative to internal and external complexity facing affiliate firms, institutional pressures and the presence of joint venture partners better predict profzn. in boards. |
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