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JOURNAL OF LEADERSHIP, ACCOUNTABILITY AND ETHICS
Family Involvement and the Use of Corporate Governance Provisions
Protecting Controlling versus Noncontrolling Owners
Author(s): Esra Memili, Kaustav Misra, James J. Chrisman
Citation: Esra Memili, Kaustav Misra, James J. Chrisman, (2012) "Family Involvement and the Use of Corporate Governance Provisions
Protecting Controlling versus Noncontrolling Owners," Journal of Leadership, Accountability and Ethics, Vol. 9, Iss. 3, pp. 11 - 27
Article Type: Research paper
Publisher: North American Business Press
Abstract:
Drawing on agency theory and corporate governance, we first classify the corporate governance
provisions within the context of family firms. Then, we probe the influence of family involvement (i.e.
family ownership and family management) in corporate governance on the use of governance provisions
protecting controlling and non-controlling owners. Specifically, we suggest that family ownership affects
the use of governance provisions protecting controlling and non-controlling owners. We also suggest that
family management will moderate the relationships between family ownership and the use of these
governance provisions. Finally, we discuss future research directions and insights for practitioners.
