Record of Family members Business Strategy 4 (2013) 227–228
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Journal of Relatives Business Technique
journal home page: www.elsevier. com/locate/jfbs
Diary of Family Business Approach – Special Issue " Ownership, Governance and Worth in Family Firms” Visitor Editors: Nadine Kammerlander, Philipp Sieger, Wim Voordeckers & Thomas Zellweger About the Special Concern Topic The main topic of the unique issue is definitely dedicated to " Ownership, Governance, and Value in Family Firms”. This kind of title of the special issue reﬂects the centrality in the underlying topics for study regarding family ﬁrms just as the increasing interest of governance scholars in family businesses. Ownership and governance in family ﬁrms include attracted extensive scholarly interest as essential determinants of family engagement with the potential to inﬂuence ﬁrms' goal setting, proper activities, and ﬁnally functionality. Researchers have applied an ample set of theoretical views – which include agency theory, stewardship theory, and reference based perspective, to mention just a few – to look at the different types of governance, related formalized and non-formalized governance components, and their ramifications on a various stakeholders – family, outside (minority) shareholders, community, society/ nation as a whole. Related to this topic, benefit creation – including the achievements of short and long term ﬁnancial and nonﬁnancial goals – is definitely a key theme in family organization literature. Additionally , some voices have asked whether a predominance of family members ownership damages value at a macro level, simply by creating offers to perv the political process and creating entry barriers to entrepreneurship simply by ﬁrst generation entrepreneurs. To-date, despite the significance of these key family business topics, many of the critical antecedents, precise mechanisms and crucial implications of family governance and possession, still continue to be ambiguous. We thus encourage...