The DOI matches its Crossref record; 83 of the 83 references it cites were found in a registry or an index.
Affiliate Directors and Perceived Risk Bearing in Publicly Traded, Family–Controlled Firms: The Case of Diversification
Abstract
The present study examines the influence exerted by affiliate directors in the diversification decisions of family–controlled, publicly traded firms. Using a relational view based on the development of social capital, we argue that affiliate directors play a different role in boards of family firms vis–à–vis nonfamily firms. Specifically, we develop a set of hypotheses proposing that affiliate directors stimulate family firms to pursue diversification strategies by sharing their knowledge and experience with family executives, and hence reducing the perceived risk that may be associated with growth strategies. Affiliates can play this advisory role without reducing the control of family owners, and this facilitates the firm's willingness to adopt growth–oriented strategies. Namely, affiliates who are business experts or support specialists would tend to encourage diversification. These effects are supported empirically.
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Cites
Economic Action and Social Structure: The Problem of Embeddedness
Granovetter, M. (1985) · American Journal of Sociology · doi:10.1086/228311 · Cited by 28,745
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Shleifer, A., & Vishny, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb04820.x · Cited by 16,243
Econometric Analysis of Panel Data
Baltagi, B. H. (2021) · Springer Texts in Business and Economics · doi:10.1007/978-3-030-53953-5 · Cited by 15,104
An integrative model of organizational trust
Mayer, R. C., Davis, J. H., & Schoorman, F. D. (1995) · The Academy of Management Review · doi:10.2307/258792 · Cited by 10,736
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Hsiao, C. (2014) · doi:10.1017/cbo9781139839327 · Cited by 7,869
Hsiao, C. (2022) · doi:10.1017/9781009057745 · Cited by 7,869
Social Capital, Intellectual Capital, and the Organizational Advantage
Nahapiet, J., & Ghoshal, S. (1998) · The Academy of Management Review · doi:10.2307/259373 · Cited by 7,111
Journal of Small Business Management
(2020) · Journal of Small Business Management · doi:10.1111/(issn)1540-627x · Cited by 6,641
Cited by
Resource Dependence Theory: A Review
Hillman, A. J., Withers, M. C., & Collins, B. J. (2009) · Journal of Management · doi:10.1177/0149206309343469 · Cited by 3,178
Berrone, P., Cruz, C., & Gomez-Mejia, L. R. (2012) · Family Business Review · doi:10.1177/0894486511435355 · Cited by 2,724
Self-citationDiversification Decisions in Family‐Controlled Firms
Gomez‐Mejia, L. R., Makri, M., & Kintana, M. L. (2010) · Journal of Management Studies · doi:10.1111/j.1467-6486.2009.00889.x · Cited by 1,236
Self-citationDeephouse, D. L., & Jaskiewicz, P. (2013) · Journal of Management Studies · doi:10.1111/joms.12015 · Cited by 830
Board Composition Beyond Independence: Social Capital, Human Capital, and Demographics
Johnson, S. G., Schnatterly, K., & Hill, A. D. (2013) · Journal of Management · doi:10.1177/0149206312463938 · Cited by 616
Metadata
- Authors
- Jones, C. D., Makri, M., & Gomez–Mejia, L. R.
- Venue
- Entrepreneurship Theory and Practice
- Publisher
- SAGE Publications
- Published
- 2008-11
- Volume
- 32
- Issue
- 6
- Pages
- 1007-1026
- ISSN
- 1042-2587 (ISSN-L)
- 1540-6520
- OpenAlex
- W2149835092
- Cited by
- 293
- References
- 83
- FWCI
- 18.23
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
