scholarly journals Generational Involvement in the Top Management Team of Family Firms: Exploring Nonlinear Effects on Entrepreneurial Orientation

2012 ◽  
Vol 37 (1) ◽  
pp. 69-85 ◽  
Author(s):  
Salvatore Sciascia ◽  
Pietro Mazzola ◽  
Francesco Chirico
Keyword(s):  
Entrepreneurial Orientation ◽  
Family Firms ◽  
Top Management Team ◽  
Nonlinear Effects ◽  
Management Team ◽  
Top Management

The Shareholder Role in the Family Business: Conflict of Interests and Objectives Between Nonemployed Shareholders and Top Management Team

2002 ◽  
Vol 15 (4) ◽  
pp. 299-320 ◽  
Author(s):  
Alvaro Vilaseca
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Top Management Team ◽  
Management Team ◽  
Top Management ◽  
Conflict Of Interests ◽  
The Family ◽  
Firm Data ◽  
Commitment Level ◽  
Data Investigation

This article focuses on the role of the family business shareholder. Based on Agency Theory, it examines the elements that influence the conflict of interests and objectives between nonemployed shareholders and the top management team and its impact on commitment to the family firm. Data were empirically obtained from a field study of 156 shareholders and executives of 10 Spanish family firms. Combining quantitative and qualitative data, investigation results show that the degree of commitment to the family business is negatively correlated with the number of family members on the board of directors. Nevertheless, the most robust and statistically significant correlation (positive) was found between the number of external board members and the commitment level of the nonemployed shareholders. Regarding the mechanisms and processes implemented, results depended on the attention that the family business paid to the institutional overlap of the three subsystems: ownership, family, and business.

scholarly journals Firm-size elasticity of top management team compensation in Saudi Arabian listed firms

2016 ◽  
Vol 14 (1) ◽  
pp. 656-662
Author(s):  
Lakshmi Kalyanaraman ◽  
Basmah Altuwaijri
Keyword(s):  
Firm Size ◽  
Family Firms ◽  
Top Management Team ◽  
Market Value ◽  
Saudi Arabian ◽  
Management Team ◽  
Top Management ◽  
Listed Firms ◽  
Size Measure ◽  
Compensation Relationship

We evaluate the firm-size elasticity of top management team (TMT) compensation with a sample of 80 firms listed in Saudi Arabian stock market. We find that the TMT compensation increases with firm size. The results are found to be robust when the total assets as the firm size measure is altered with other proxies, sales and market value of the firm. We show that the firm size and TMT compensation relationship is same as in the case of all firms sample when the firms are grouped into family firms and nonfamily firms. This finding is in line with the results of the previous studies that analyze the link between CEO compensation and firm size. We conclude that the large firms are willing to pay high compensation not just to their CEOs but also to the entire team at the top

Entrepreneurial orientation and the interaction of top management team background characteristics

2020 ◽  
pp. 1-17
Author(s):  
J. Ruben Boling ◽  
Mariangela Vecchiarini
Keyword(s):  
Entrepreneurial Orientation ◽  
Top Management Team ◽  
Management Team ◽  
Industry Dynamics ◽  
Top Management ◽  
Background Characteristics ◽  
Upper Echelons ◽  
Upper Echelons Theory ◽  
Using Data ◽  
The Relationship

Abstract The current study draws on the upper echelons theory to examine the nature of the relationship between top management team (TMT) tenure and a firm's level of entrepreneurial orientation (EO). We find evidence of an inverted-U relationship between TMT tenure and EO using data from firms across three industries with varied industry dynamics. We further introduce a contingency element by demonstrating that TMT industry background heterogeneity moderates the relationship between TMT tenure and EO, where the inverted U-shaped relationship will be more pronounced when the heterogeneity is low and will flatten when the heterogeneity is high. The findings demonstrate the complexity CEOs and governing bodies face while shaping a diverse TMT that can affect EO.

Family involvement in top management team: Impact on relationships between internal social capital and innovation

2016 ◽  
Vol 23 (1) ◽  
pp. 136-162 ◽  
Author(s):  
Valeriano Sanchez-Famoso ◽  
Amaia Maseda ◽  
Txomin Iturralde
Keyword(s):  
Social Capital ◽  
Family Involvement ◽  
Family Firms ◽  
Structural Model ◽  
Top Management Team ◽  
Management Team ◽  
Family Group ◽  
Top Management ◽  
Family Social Capital ◽  
Family Involvement In Management

AbstractResearch on innovation in family firms has been increasing recently; however, the results are mixed, especially for non-listed firms. Based on internal social capital, we explore whether the relational antecedents of innovation are contingent on family involvement in management. Using a sample of 172 Spanish family small and medium-sized enterprises – an organisational form with prominent social and emotional factors – we test a structural model that examines the influence exerted by family involvement in the top management team on the relationships between innovation and internal social capital – in the form of family social capital and non-family social capital (family group and non-family group, respectively). The empirical findings obtained using the partial least squares technique show the importance of family involvement in management in such relationships in family firms. Family involvement in management was found to have negative effects in the relationship between internal social capital and innovation.

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