The Role of the Board and Its Interaction with the Successor's Human Capital in the Asian Family Enterprise

Soo Hoon Lee, Phillip H. Phan, Toru Yoshikawa

Research output: Contribution to journalReview article

Abstract

This study examined the human and social capital factors associated with higher post-succession firm performance in family enterprises in Singapore. We also investigated the moderating influence of the board of directors in terms of its service role as stewards of the enterprise. We found that a successor's industry experience and diversity of network ties were positively associated with firm performance and boards that focused their role as advisors to the successor enhanced post-succession firm performance.

Original languageEnglish (US)
Pages (from-to)65-88
Number of pages24
JournalMultinational Business Review
Volume16
Issue number2
DOIs
StatePublished - Jun 17 2008

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Keywords

  • Board of directors
  • Firm performance
  • Human capital
  • Social capital

ASJC Scopus subject areas

  • Business and International Management
  • Business, Management and Accounting(all)

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