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Blockholder structures and power mechanisms in family firms
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Cacciotti, Gabriella and Ucbasaran, Deniz (2018) Blockholder structures and power mechanisms in family firms. Entrepreneurship Theory and Practice, 42 (2). pp. 252-258. 1042258717748653. ISSN 1042-2587.
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Official URL: https://doi.org/10.1177/1042258717748653
Abstract
We extend the work of Fattoum-Guedri, Guedri, and Delmar (in press) by suggesting that the number of family blockholders moderates the relationship between the distribution of voting power between family and nonfamily blockholders and firm performance. Building on power and negotiation theories, we argue that the participation of multiple generations of family members in the firm’s ownership leads to greater diversity of perspectives that generates potential conflict over the distribution of resources. We highlight four power mechanisms—potential power, perceived power, power games, and realized power—to explain why family blockholders’ conflicting and/or misaligned preferences, objectives, and visions for the family firm might influence the nature of the negotiation between the family and the nonfamily blockholder and impact family firm performance. We offer directions for future research.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||||||
Divisions: | Faculty of Social Sciences > Warwick Business School | ||||||||
Library of Congress Subject Headings (LCSH): | Family-owned business enterprises, Stockholders -- Attitudes | ||||||||
Journal or Publication Title: | Entrepreneurship Theory and Practice | ||||||||
Publisher: | SAGE Publications | ||||||||
ISSN: | 1042-2587 | ||||||||
Official Date: | 1 March 2018 | ||||||||
Dates: |
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Volume: | 42 | ||||||||
Number: | 2 | ||||||||
Page Range: | pp. 252-258 | ||||||||
Article Number: | 1042258717748653 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 23 January 2018 | ||||||||
Date of first compliant Open Access: | 23 January 2018 | ||||||||
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