Crisi di impresa nelle aziende familiari: il ruolo della corporate governance

Translated title of the contribution: [Autom. eng. transl.] Business crisis in family businesses: the role of corporate governance

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

[Autom. eng. transl.] Corporate governance represents an area of study widely investigated and debated in recent academic and managerial literature. There are numerous analysis perspectives that can be used in investigating the phenomenon in question, which can take on different meanings and values based on the lenses that the observer decides to use to understand its meaning. This contribution aims to examine the role that corporate governance mechanisms and strategies play in family businesses that are in a state of crisis. The crisis of family businesses and the factors that determine their origin represent an extremely important research area. The importance of corporate governance in the pursuit of corporate objectives has been widely recognized in the family business literature. The various studies on the topic have highlighted how some peculiar characteristics of governance can condition the pursuit of long-term objectives, with a consequent impact on the ability of family businesses to survive. In particular, the academic literature suggests that the creation of value in the family business is closely linked to the ability to manage the overlap between family and business. It therefore emerges how the presence of the family in the property and in the control and management system can constitute, at the same time, an advantage or a constraint to the survival of the company. In particular, if on the one hand the inclusion of ownership in the company management system allows for a series of advantages to generate value for the company and its stakeholders, on the other hand the family structure can generate a series of critical issues that, if not managed properly, can translate into an increase in the risk of insolvency and therefore lead the company to a state of crisis.
Translated title of the contribution[Autom. eng. transl.] Business crisis in family businesses: the role of corporate governance
Original languageItalian
Title of host publicationIl sistema di corporate governance. Prospettive di ricerca in differenti contesti di analisi
Pages1-296
Number of pages296
Publication statusPublished - 2019

Publication series

NameSTUDI DI ECONOMIA E POLITICA AZIENDALE

Keywords

  • Corporate governance
  • Crisi Impresa
  • passaggio generazionale

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