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The Importance of Family Firm Trusts in Family Firm Governance

Scholes, L.; Wilson, N.

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Authors

L. Scholes

N. Wilson



Abstract

We explore the governance role of trusts in family firms and develop a typology which maps different configurations of boards and trustees with the longevity and efficiency of family firms. Suggestions are given for the proposed effects of these configurations and comparisons are made with Carney, Gedajlovic, and Strike’s (2014) ‘Dead Money’ discussion. Recognition is given to the fact that the dynamics of family firms is inextricably linked to the life cycle of families and that governance mechanisms need to react to changes and developments during the life-cycle if the family firm is to be conserved.

Citation

Scholes, L., & Wilson, N. (2014). The Importance of Family Firm Trusts in Family Firm Governance. Entrepreneurship Theory and Practice, 36(6), 1285-1293. https://doi.org/10.1111/etap.12124

Journal Article Type Article
Publication Date Nov 1, 2014
Deposit Date Mar 27, 2014
Publicly Available Date Mar 28, 2024
Journal Entrepreneurship Theory and Practice
Print ISSN 1042-2587
Electronic ISSN 1540-6520
Publisher SAGE Publications
Peer Reviewed Peer Reviewed
Volume 36
Issue 6
Pages 1285-1293
DOI https://doi.org/10.1111/etap.12124
Public URL https://durham-repository.worktribe.com/output/1467756

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Copyright Statement
This is the peer reviewed version of the following article: Scholes, L. and Wilson, N. (2014), The Importance of Family Firm Trusts in Family Firm Governance. Entrepreneurship Theory and Practice, 38 (6): 1285-1293, which has been published in final form at http://dx.doi.org/10.1111/etap.12124. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.




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