Структура совета директоров и устойчивая работа фирм (данные испанских негосударственных компаний) (на англ. языке)

Abstract

The aim of this study is to analyse the usefulness of the board of directors as an internal control mechanism and, in the case of family firms, also consider the generational effect. We examined the relation between firm performance and outside directors in SME non-listed family and non-family firms. Our findings show the existence of a negative impact of outside directors on firm performance in family firms, and the clear difference in behaviour between family firms run by the first generation and those that are run by subsequent generations. = На примере семейных и частных компаний, не зарегистрированных в SME, анализируются роль совета директоров в качестве внутреннего механизма контроля их деятельности и стратегия управления семейным бизнесом при смене поколений собственников.