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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/19962

Title: Family business survival and the role of boards
Authors: Wilson, Nick
Wright, Mike
Scholes, Louise
Issue Date: 2013
Publisher: John Wiley & Sons, Inc. © Baylor University
Citation: WILSON, N., WRIGHT, M. and SCHOLES, L., 2013. Family business survival and the role of boards. Entrepreneurship Theory and Practice, 37 (6), pp. 1369 - 1389.
Abstract: We explore the vexing question of whether family firms are more likely to survive than nonfamily firms, focusing on the role of board composition. Utilizing a unique data set of over 700,000 private family and nonfamily firms in the U.K. during 2007–2010, we find that family firms are significantly less likely to fail than nonfamily firms. We identify the board characteristics associated with survival/failure in all firms and determine that it is these characteristics that are important in explaining the lower failure probability of family firms. We conclude with an agenda for further research on boards and family firm survival.
Description: This is the peer reviewed version of the following article: WILSON, N., WRIGHT, M. and SCHOLES, L., 2013. Family business survival and the role of boards. Entrepreneurship Theory and Practice, 37 (6), pp. 1369 - 1389, which has been published in final form at http://dx.doi.org/10.1111/etap.12071. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Version: Accepted for publication
DOI: 10.1111/etap.12071
URI: https://dspace.lboro.ac.uk/2134/19962
Publisher Link: http://dx.doi.org/10.1111/etap.12071
ISSN: 1042-2587
Appears in Collections:Published Articles (Loughborough University London)

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