The Relationship Between Boards and Planning in Family Businesses
Department
Management and Entrepreneurship
Document Type
Article
Publication Date
3-9-2006
Abstract
This study examines relationships between the existence of boards of directors and advisory boards and the use of planning in family businesses. It is argued that both of the primary roles of boards, the governance of a firm's management team for the firm's stakeholders and the provision of valuable business resources to the firm's management team, are significantly related to the use of planning activities in family businesses. The empirical evidence, drawn from a survey of more than 130 family businesses, largely supports the hypotheses. Conclusions and suggestions for future research close the article.
Journal Title
Family Business Review
Journal ISSN
0894-4865
Volume
19
Issue
1
First Page
65
Last Page
72
Digital Object Identifier (DOI)
10.1111/j.1741-6248.2006.00062.x
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