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Governance in small firms - A country comparison of current practices
Institute for Entrepreneurship, University of Liechtenstein, Vaduz, Liechtenstein .ORCID iD: 0000-0001-8469-2427
HTW-Berlin, Wirtschaftswissenschaften I, Berlin, Germany.
2014 (English)In: International Journal of Entrepreneurship and Small Business, ISSN 1476-1297, E-ISSN 1741-8054, Vol. 21, no 1, 16-32 p.Article in journal (Refereed) Published
Abstract [en]

This study investigates the practice of governance in small firms and shows differences between these firms in the principality of Liechtenstein and Scotland. Thereby, the study's intention is to draw particular attention to the influence of corporate governance on the firm's ability to change. Thus a broader scope of corporate governance, which is normally discussed from a control perspective, is taken. Using data from semi-structured interviews with 20 managing directors of small firms, the findings showed that they see corporate governance more as a concept for managing the internal and external relationships with the various stakeholders than as a control concept. The study provides fresh insights into the practice of governance in small firms and offers the opportunity to expand our understanding of the topic in different parts of the world. Moreover, by taking a qualitative research approach, the study addresses recent calls concerning more methodological diversity. Copyright © 2014 Inderscience Enterprises Ltd.

Place, publisher, year, edition, pages
InderScience Publishers, 2014. Vol. 21, no 1, 16-32 p.
Keyword [en]
Corporate governance, Country comparison, Governance practices, Liechtenstein, Relational governance, Scotland, Small and medium-sized enterprises, Small firms, Smes
National Category
Business Administration
Research subject
Humanities and Social sciences
Identifiers
URN: urn:nbn:se:his:diva-10022DOI: 10.1504/IJESB.2014.057913Scopus ID: 2-s2.0-84889859543OAI: oai:DiVA.org:his-10022DiVA: diva2:750755
Available from: 2014-09-30 Created: 2014-09-29 Last updated: 2015-11-06Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf