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What is Governance Structures

Competitiveness, Organizational Management, and Governance in Family Firms
These are the structures that detail a company's corporate governance model, including the organs of which it is composed, their composition, the representation assumed by the shareholders and stakeholders and the practices and rules that guide their behaviour.
Published in Chapter:
A Theoretical Framework for the Analysis of the Relationship Between Family Firms and Competitiveness
César Camisón (University of Valencia, Spain)
DOI: 10.4018/978-1-7998-1655-3.ch001
Abstract
This chapter develops an additive model of the microeconomic sources of family firm (FF) competitiveness. Its main contribution is the proposal of a new explanatory framework with a perspective incorporating both ex post competitiveness and its determinants in a chain of multi-level causality. Based on fully-specified theory, the framework is designed to explain the complementarity of the effects of the firm's country, industry, district, strategy, and distinctive competences, focusing where appropriate on the case of the FF. The theoretical model also sheds light on the forces that influence the accumulation of sustainable competitive advantages. To that end, this chapter incorporates a particular focus on how the ownership and control structure affects the accumulation of intangible assets that give rise to the so-called family effect.
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