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The Role of the Board and Its Interaction with the Successor’s Human Capital in the Asian Family Enterprise

Soo‐Hoon Lee (College of Business and Public Administration, Old Dominion University, 2027 Constant Hall, Norfolk, VA)
Phillip H. Phan (Carey Business School, Johns Hopkins University, 10 N. Charles Street, Baltimore, MD)
Toru Yoshikawa (DeGroote School of Business, McMaster University, 1280 Main Street West, Hamilton, Canada)

Multinational Business Review

ISSN: 1525-383X

Article publication date: 17 June 2008

Abstract

This study examined the human and social capital factors associated with higher post‐succession firm performance in family enterprises in Singapore. We also investigated the moderating influence of the board of directors in terms of its service role as stewards of the enterprise. We found that a successor’s industry experience and diversity of network ties were positively associated with firm performance and boards that focused their role as advisors to the successor enhanced post‐succession firm performance.

Keywords

Citation

Lee, S., Phan, P.H. and Yoshikawa, T. (2008), "The Role of the Board and Its Interaction with the Successor’s Human Capital in the Asian Family Enterprise", Multinational Business Review, Vol. 16 No. 2, pp. 65-88. https://doi.org/10.1108/1525383X200800008

Publisher

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Emerald Group Publishing Limited

Copyright © 2008, Emerald Group Publishing Limited