Logo UHasselt





Logo UHasselt Universiteit Hasselt - Knowledge in action


Over the last decade, there has been a growing awareness that family firms and SMEs also have a need for optimal decision-making structures in order to realise the firm's potential for growth and innovation. Therefore, the focus of this research topic is on (1) professionalization, (2) the boards of directors and its relationship with the top management team (TMT), (3) family governance and (4) executive remuneration in relation to several important outcome variables such as general firm performance, innovation, strategic change and internationalization, especially in the context of private family firms. Concerning the board of directors/TMT, we examine the antecedents and consequences of diversity and faultlines within the team and the busyness of a board. Concerning the topic of family governance, we focus on the dynamics and outcomes of different kinds of family governance practices such as a family council and a family constitution.