Corporate Governance and Competitive Advantage in Family-Controlled Firms
- Topics:
- Competitive Strategy
- Tags:
- Business Operations,
- Competitive Advantage,
- Corporate Governance,
- Corporate Law,
- Firm,
- Management,
- Strategy
- Source:
- Baylor University
Vendor Registration: required
Overview: Recent attempts to identify the basis of family-controlled firms' competitive advantage have drawn upon the resource-based view of the firm. This paper supplements these efforts and advances the argument that family-controlled firms' competitive advantage arises from their system of corporate governance. Systems of corporate governance embody incentives, authority patterns, and norms of legitimation that generate particular organizational propensities to create competitive advantages and disadvantages. For comparative purposes, the characteristics of managerial, alliance, and family governance are reviewed.
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Format: HTML | Date: May 2005
