The study of the relations among ethical considerations, family management and organizational performance in corporate governance
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 68 (2):165 - 179 (2006)
Corporate governance is increasingly becoming an issue of global concern, not least because we are more and more living in a corporate world that transcends international boundaries. The main purpose and motivation of this study is to determine how the international community should motivate businesses in fostering exemplary corporate governance, therefore eliminating obstacles to ethically exemplary behavior. The empirical approach utilized here has been applied to 161 businesses, both listed and over-the-counter (OTC) companies, with the results indicating that ethical considerations, corporate governance and organizational performance are inextricably linked and, to an extent, demonstrably proportional. This study also indicates a major finding that family management is a significant mediating variable of the ethical considerations of corporate governance and organizational performance. Finally, this study has developed an operational model of ethical considerations of corporate governance as a consultancy aid for businesses that wish to implement and/or boost their performance in respect to corporate governance.
|Keywords||corporate governance ethical considerations family management organizational performance|
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References found in this work BETA
María de la Cruz Déniz Déniz & Ma Katiuska Cabrera Suárez (2005). Corporate Social Responsibility and Family Business in Spain. Journal of Business Ethics 56 (1):27 - 41.
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Citations of this work BETA
Reginald A. Litz & Nick Turner (2013). Sins of the Father's Firm: Exploring Responses to Inherited Ethical Dilemmas in Family Business. [REVIEW] Journal of Business Ethics 113 (2):297-315.
Shujun Ding & Zhenyu Wu (2014). Family Ownership and Corporate Misconduct in U.S. Small Firms. Journal of Business Ethics 123 (2):183-195.
Tina T. He, Wilson X. B. Li & Gordon Y. N. Tang (2012). Dividends Behavior in State- Versus Family-Controlled Firms: Evidence From Hong Kong. [REVIEW] Journal of Business Ethics 110 (1):97-112.
Shujun Ding, Baozhi Qu & Zhenyu Wu (forthcoming). Family Control, Socioemotional Wealth, and Governance Environment: The Case of Bribes. Journal of Business Ethics.
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