The Relationship between Family Firms and Corporate Governance

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Family ownership and firm performance: Influence of family management, family control, and firm size (2011, background): “Another widely recognized attribute of family firms is their board characteristics ( Bartholomeusz & Tanewski, 2006; Daily, Dalton, & Cannella, 2003; Jaskiewicz & Klein, 2007).”
Family Ownership and R&D Intensity in Small‐ and Medium‐Sized Firms (2015, background): “Intense R&D spending may thus jeopardize not only the family’s financial wealth but also its reputation and status in the community, which typically entails the sacrifices and hard work of several generations (Bartholomeusz and Tanewski, 2006).”
Entrepreneurial Orientation, Risk Taking, and Performance in Family Firms (2007, background): “In addition, the family name and, with it, the family reputation, often built up over several generations, might be compromised ( Bartholomeusz & Tanewski, 2006 ).”
The influence of family ownership on SME performance: evidence from public firms in Taiwan (2009, background): “Some scholars use the presence of at least one family member on the board of directors or the top management team to identify family firms ( Bartholomeusz and Tanewski 2006; Himmelberg et al. 1999), while some scholars view those firms with at least two family top executives as family firms (Daily ”