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- W2917962700 abstract "In this paper, we examine the impact of the presence of both family and nonfamily managers on TMT decision-making quality. Based on a unique multiple respondent sample of 284 managers from 52 Belgian private family firms, we find that a higher proportion of nonfamily managers reduces TMT decision-making quality through intra-TMT ownership power asymmetries. In addition, we find that variety in knowledge and expertise in the TMT mitigates the negative effect of intra-TMT ownership power differences on decision-making quality. As such, we argue that expertise power can be a good counterbalance for the negative impact of a higher proportion of nonfamily managers on TMT outcomes in family firms." @default.
- W2917962700 created "2019-03-02" @default.
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- W2917962700 date "2019-09-01" @default.
- W2917962700 modified "2023-09-30" @default.
- W2917962700 title "The effect of nonfamily managers on decision-making quality in family firm TMTs: The role of intra-TMT power asymmetries" @default.
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- W2917962700 doi "https://doi.org/10.1016/j.jfbs.2019.01.002" @default.
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