Work

How family firms use governance mechanisms to mitigate the risks of ecosystems: a case study from healthcare

Year: 2022

Type: article

Abstract: This study aims to increase our understanding of how family firms, acting as ecosystem orchestrators, mitigate perceived relational and performance risk in ecosystems via the use of governance mechanisms. We use the ecosystem governance literature to understand whether family firms’ characteristics lead to a unique governance approach in an ecosystem setting. Our findings and theoretical implications are threefold; (1) formal and informal governance mechanisms act as complements to mitigate relational and performance risks; (2) the choice of governance mechanisms differs for relational and performance risk; (3) changes in perceived risk over time result in shifts in the relative dominance of formal/informal governance mechanisms.

Source: Small Business Economics

DOI: 10.1007/s11187-022-00667-w

Authors: Dieudonnee Cobben, Petra C. M. Neessen, Diana Rus, Nadine Roijakkers

Institutions: Open University of the Netherlands, University of Groningen

Language: English

Topic: Family Business Performance and Succession

Subfield: Organizational Behavior and Human Resource Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: hybrid

Estimated APC paid: $2,890