Corporate Governance in Family Firms

Watch out for Academics and Business Practioners in the Field of Entrepreneurship and Organization Science, by Nietzer: It was found that independent boards with active control in a turnaround situation improves decision making and increases the chances of survival (Daily & Dalton, 1994). It is argued that counsel by board of directors improves information processing capabilities during strategic decision-making and , thus, the strategic decision quality (Ansoff, 1984).