Corporate Governance and Entrepreneurial Firms takes an in-depth
look at corporate governance mechanisms in entrepreneurial firms,
and offers an explanation on how and why they differ from those
mechanisms in large and publicly traded corporations. While
questions of corporate governance are mainly discussed and analyzed
within the context of large and public companies, there is only
scarce evidence on corporate governance issues arising in small- or
medium-sized firms. To this end the motivation for this article is
to direct attention to corporate governance in entrepreneurial
firms. Corporate Governance and Entrepreneurial Firms develops a
conceptual framework that may help to analyze corporate governance
mechanisms in entrepreneurial firms, and serve as a leading example
that compares the entrepreneurial firm with other types of firms.
By capturing the mechanisms of corporate governance within an
interval ranging from purely market mechanisms over contractual
agreements to strong hierarchical elements, and integrating
microeconomic and financial theories with the management
perspective, the authors provide a unique viewpoint and summary,
identifying several ideas to stimulate future research on this
important and growing topic.
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