Family Business Governance - A necessity or a voluntary obligation for German medium-sized family businesses?
Lamparter, Ann-Kathrin (2015)
2015
Julkaisun pysyvä osoite on
http://urn.fi/URN:NBN:fi:amk-201501261608
http://urn.fi/URN:NBN:fi:amk-201501261608
Tiivistelmä
The purpose of the thesis was to examine whether Corporate Governance is necessary for medium-sized family companies in Germany or if it can be seen more as a voluntary commitment. The study also aimed at gaining a deep understanding of the elements and instruments of family business governance. In addition, it was a goal to analyse the level of implementation of family business governance in medium-sized family businesses.
The information for the theoretical framework was gathered from academic books, research papers and recent studies, as the qualitative approach was chosen. In contrast, the empirical part was based on interviews with owners and managers of German medium-sized family companies. These interviews were conducted via Skype or as mail interviews.
The results of the study show that medium-sized family businesses know the significance of good governance, but have not yet professionally implemented the correspondent measures and instruments. Based on the findings it can be concluded that the larger the family businesses are the more likely they have implemented family business governance mechanisms. In correspondence with a complex ownership and management structure the significance of family business governance for medium-sized family companies is rising.
The information for the theoretical framework was gathered from academic books, research papers and recent studies, as the qualitative approach was chosen. In contrast, the empirical part was based on interviews with owners and managers of German medium-sized family companies. These interviews were conducted via Skype or as mail interviews.
The results of the study show that medium-sized family businesses know the significance of good governance, but have not yet professionally implemented the correspondent measures and instruments. Based on the findings it can be concluded that the larger the family businesses are the more likely they have implemented family business governance mechanisms. In correspondence with a complex ownership and management structure the significance of family business governance for medium-sized family companies is rising.