Ostalo
https://doi.org/10.30924/mjcmi/2018.23.2.155
Corporate board composition in family businesses: Evidence from the Czech Republic
Pavla Odehnalová
orcid.org/0000-0002-4835-8293
; Masaryk University, Faculty of Economics and Administration, Brno
Petr Pirožek
orcid.org/0000-0001-8904-0022
; Masaryk University, Faculty of Economics and Administration, Brno
Sažetak
This paper examines the issue of board composition of family businesses which were established in the Czech Republic in the 1990s, after more than 40 years of private enterprises being forcefully suspended by the socialist regime. So far, there has been no available research investigating manufacturing sector in the Czech Republic (CR) from the perspective of board composition, i.e. the representation of external members and gender diversity, on the characteristic behaviours of the boards of family businesses and their strategic adaptability. This longitudinal study of four family businesses provides valuable information which have not yet been observed against the background of board composition in the manufacturing sector. The results of the interviews conducted in these businesses yield interesting findings about the fact that gender diversity along with the exclusive representation of family members on a corporate board has a very positive influence on strategic adaptability and an impact on the current direction of the business. The results of the study also show how family businesses fulfilling these conditions are better able to cope with negative external influences (e.g. the financial crisis).
Ključne riječi
board composition; family business; transition economy; corporate governance; strategic adaptability
Hrčak ID:
212854
URI
Datum izdavanja:
18.12.2018.
Posjeta: 2.310 *