The heterogeneity of governance behavior in family enterprise systems: the power perspective

Marta Widz, Nava Michael-Tsabari and Pramodita Sharma

Chapter 10 in Advancing Corporate Governance Research, 2026, pp 182-214 from Edward Elgar Publishing

Abstract: Mindful governance and balanced distribution of power that is aligned with the degree of complexity in family and business systems lie at the core of the success of family enterprises. This article draws upon the power circulation theory from political science to propose a typology of family business governance that integrates the complexity of family and business systems. We build four propositions around characteristics of governance complexities, their dynamic reconfigurations, and influence on financial and non-financial goals of family businesses. Our research extends the understanding of the heterogeneity among family enterprises by governance.

Keywords: Family business; Governance; Dominant coalition; Business portfolio; Power circulation theory (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035324958
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