Governance in Immigrant Family Businesses

Conservative estimates put the proportion of worldwide business enterprises owned or managed by families at 65%. The importance of family businesses to the economies of both developed and developing countries cannot be ignored. Governance in Immigrant Family Businesses is an important book. It explores the relationship between ethnic cultural influence in family businesses and its impact on corporate governance, addressing the intertwined influences of contractual, relational and cultural governance mechanisms and sets out a comprehensive theoretical model which clarifies the complexities involved in business planning, family harmony, and ethnic cultural variables. The authors specifically identify the implications for research, education, and practice. Application of their model will be of value to policy makers, consultants, business researchers and educators.