Abstract
Previous research suggests that, ceteris paribus, organizations that are ready to cope with crisis should be better able to manage it than unprepared organiza-tions. This study investigates the differences in crisis readiness between family and non-family businesses both with and without supervisory boards. Applying MAN(C)OVA to a sample of 218 German companies, I find that family busi-nesses show a lower degree of crisis readiness than non-family businesses. At the same time, my results suggest that supervisory boards lead to higher degrees of crisis readiness. Interestingly, the positive influence of supervisory boards seems to occur only in family businesses
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2013 Springer Fachmedien Wiesbaden
About this chapter
Cite this chapter
Faghfouri, P. (2013). Differences in the crisis readiness of family and non-family businesses – does a supervisory board matter?. In: The Role of Governance Structure in the Context of Crisis Management. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-00596-2_6
Download citation
DOI: https://doi.org/10.1007/978-3-658-00596-2_6
Published:
Publisher Name: Springer Gabler, Wiesbaden
Print ISBN: 978-3-658-00595-5
Online ISBN: 978-3-658-00596-2
eBook Packages: Business and EconomicsBusiness and Management (R0)