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Original Articles

Boards of directors in SMEs: a review and research agenda

Pages 271-290 | Published online: 09 Nov 2010

Keep up to date with the latest research on this topic with citation updates for this article.

Read on this site (15)

Rehana Naheed, Sohail Rizwan, Muhammad Jawad & Munazza Naz. (2022) The role of the boards’ financial expertise in the investment dynamics of businesses in emerging markets. Cogent Business & Management 9:1.
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Carmen Barroso-Castro, Marta Domínguez-CC & M. Ángeles Rodríguez-Serrano. (2022) SME growth speed: The relationship with board capital. Journal of Small Business Management 60:2, pages 480-512.
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Vincent Dutot. (2017) Exploring the double influence of CEOs’ management style on the development of SMEs’ corporate reputation. Journal of Small Business & Entrepreneurship 29:5, pages 351-374.
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Palash Deb & Johan Wiklund. (2017) The Effects of CEO Founder Status and Stock Ownership on Entrepreneurial Orientation in Small Firms. Journal of Small Business Management 55:1, pages 32-55.
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Lucrezia Songini & Luca Gnan. (2015) Family Involvement and Agency Cost Control Mechanisms in Family Small and Medium‐Sized Enterprises. Journal of Small Business Management 53:3, pages 748-779.
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Luca Gnan, Daniela Montemerlo & Morten Huse. (2015) Governance Systems in Family SMEs: The Substitution Effects between Family Councils and Corporate Governance Mechanisms. Journal of Small Business Management 53:2, pages 355-381.
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Marcel Hülsbeck & Erik E. Lehmann. (2012) Academic entrepreneurship and board formation in science-based firms. Economics of Innovation and New Technology 21:5-6, pages 547-565.
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Torsten M. Pieper, Sabine B. Klein & Peter Jaskiewicz. (2008) The Impact of Goal Alignment on Board Existence and Top Management Team Composition: Evidence from Family‐Influenced Businesses*. Journal of Small Business Management 46:3, pages 372-394.
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Morten Huse & Alessandro Zattoni. (2008) Trust, Firm Life Cycle, and Actual Board Behavior: Evidence from "One of the Lads" in the Board of Three Small Firms. International Studies of Management & Organization 38:3, pages 71-97.
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Paul Westhead & Carole Howorth. (2007) ‘Types’ of private family firms: an exploratory conceptual and empirical analysis. Entrepreneurship & Regional Development 19:5, pages 405-431.
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Wim Voordeckers, Anita Van gils & Jeroen Van den heuvel. (2007) Board Composition in Small and Medium‐Sized Family Firms*. Journal of Small Business Management 45:1, pages 137-156.
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JONAS GABRIELSSON & MORTEN HUSE. (2004) Context, Behavior, and Evolution: Challenges in Research on Boards and Governance. International Studies of Management & Organization 34:2, pages 11-36.
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ANNIE PYE. (2004) The Importance of Context and Time for Understanding Board Behavior : Some Lessons from Social Capital Research. International Studies of Management & Organization 34:2, pages 63-89.
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Frits Wijbenga, Theo Postma, Arjen Van Witteloostuijn & Peter Zwart. (2003) Strategy and performance of new ventures: A contingency model of the role and influence of the venture capitalist. Venture Capital 5:3, pages 231-250.
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Jonas Gabrielsson & Morten Huse. (2002) The venture capitalist and the board of directors in SMEs: Roles and processes. Venture Capital 4:2, pages 125-146.
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Articles from other publishers (146)

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Sofia Brunelli, Salvatore Sciascia & Massimo Baù. (2023) Nonfinancial reporting in family firms: A systematic review and agenda for future research. Business Strategy and the Environment.
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Ekaterina Bjørnåli, Sarosh Asad & Siri Terjesen. (2023) Determinants of intra-board behavioral integration in high-tech start-ups. Journal of Management and Governance.
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Claudia Pongelli, Antonio Majocchi, Jonathan Bauweraerts, Salvatore Sciascia, Matteo Caroli & Alain Verbeke. (2023) The impact of board of directors’ characteristics on the internationalization of family SMEs. Journal of World Business 58:2, pages 101412.
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Karen Handley & Courtney Molloy. (2022) SME corporate governance: a literature review of informal mechanisms for governance. Meditari Accountancy Research 30:7, pages 310-333.
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Edem M. Azila-Gbettor, Ben Q. Honyenuga, Robert Jan Blomme & Ad Kil. (2021) Review of differences between listed and unlisted family business research trends: a corporate governance context. Journal of Family Business Management 12:4, pages 853-875.
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Jonathan Bauweraerts, Emanuela Rondi, Paola Rovelli, Alfredo De Massis & Salvatore Sciascia. (2022) Are family female directors catalysts of innovation in family small and medium enterprise s ? . Strategic Entrepreneurship Journal 16:2, pages 314-354.
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Peter Dahlin & Pankaj C. Patel. (2021) Joined by remoteness: An exploratory comparison of regional board networks in Sweden. Global Networks 22:2, pages 325-343.
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Ioannis Kinias. (2022) The Performance of Family Firms During Crisis Periods: The Case of Greece. European Journal of Family Business 12:1, pages 63-79.
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Kuldeep Singh & Deepa Pillai. (2021) Corporate governance in small and medium enterprises: a review. Corporate Governance: The International Journal of Business in Society 22:1, pages 23-41.
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Caroline Tarillon & Jean-Pierre Boissin. (2021) Qui sont les dirigeants de start-up ? Typologie en fonction de leurs représentations en matière de croissance et de gouvernance. Revue de l’Entrepreneuriat Vol. 20:2, pages 45-88.
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Vidya Sukumara Panicker & Rajesh Srinivas Upadhyayula. (2020) Limiting role of resource dependence: an examination of director interlocks, board meetings and family ownership. Cross Cultural & Strategic Management 28:2, pages 424-451.
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Rafael Luís Castro & Joana Costa. 2021. Cases on Small Business Economics and Development During Economic Crises. Cases on Small Business Economics and Development During Economic Crises 179 206 .
Daniel Yar Hamidi & Silke Machold. (2020) Governance, boards and value co-creation: Changing perspectives towards a service dominant logic. European Management Journal 38:6, pages 956-966.
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Hanna Maria Sievinen, Tuuli Ikäheimonen & Timo Pihkala. (2019) The advisory role of non-family board members: a case-based study of a family firm. Journal of Management and Governance 24:4, pages 871-903.
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Oliver Lukason & María-del-Mar Camacho-Miñano. (2020) Corporate Governance Characteristics of Private SMEs’ Annual Report Submission Violations. Journal of Risk and Financial Management 13:10, pages 230.
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Gratiela Georgiana Noja, Mirela Cristea, Cecilia Nicoleta Jurcut, Alexandru Buglea & Ion Lala Popa. (2020) Management Financial Incentives and Firm Performance in a Sustainable Development Framework: Empirical Evidence from European Companies. Sustainability 12:18, pages 7247.
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Alexander Libman, Tatiana Dolgopyatova & Andrei Yakovlev. (2018) Board Empowerment: What Motivates Board Members of Founder-Owned Companies?. Journal of Management Inquiry 29:2, pages 188-205.
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Henda Ellouze Karray & Souhaila Kammoun. 2020. Handbook of Research on the Strategic Management of Family Businesses. Handbook of Research on the Strategic Management of Family Businesses 390 413 .
Hezun Li, Siri Terjesen & Timurs Umans. (2018) Corporate governance in entrepreneurial firms: a systematic review and research agenda. Small Business Economics 54:1, pages 43-74.
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SIMONE SCAGNELLI, LORENZO VASILE & MICO APOSTOLOV. (2019) SURVIVAL DRIVERS OF POST-INCUBATED START-UPS: THE EFFECT OF ACADEMIC GOVERNANCE. International Journal of Innovation Management 23:07, pages 1950062.
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Carl Åberg, Max Bankewitz & Mirjam Knockaert. (2019) Service tasks of board of directors: A literature review and research agenda in an era of new governance practices. European Management Journal 37:5, pages 648-663.
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Ben Kwame Agyei-Mensah. (2019) IAS-38 disclosure compliance and corporate governance: evidence from an emerging market. Corporate Governance: The International Journal of Business in Society 19:3, pages 419-437.
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Laura J. Stanley, Remedios Hernández-Linares, María Concepción López-Fernández & Franz W. Kellermanns. (2019) A Typology of Family Firms: An Investigation of Entrepreneurial Orientation and Performance. Family Business Review 32:2, pages 174-194.
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Neema Mori & Goodluck Charles. (2019) The role of boards of directors of family-owned microfinance institutions. Journal of Family Business Management 9:1, pages 79-97.
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Yuliya Ponomareva. (2018) Balancing control and delegation: the moderating influence of managerial discretion on performance effects of board monitoring and CEO human capital. Journal of Management and Governance 23:1, pages 195-225.
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Max Bankewitz. (2018) Board Advisory Tasks: The Importance to Differentiate between Functional and Firm-Specific Advice. European Management Review 15:4, pages 521-539.
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Linda Höglund, Maria Mårtensson & Aswo Safari. (2018) Expectations and the performance of governance functions between a board, management and other stakeholders: the case of Robotdalen. Journal of Management and Governance 22:4, pages 805-827.
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Guilong Cai, Sujuan Xie, Yue Xu, Yamin Zeng & Junsheng Zhang. (2018) Ultimate parent's board reform and controlling shareholder entrenchment: Evidence from a quasi-natural experiment in China. Emerging Markets Review.
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María-Victoria Uribe-Bohorquez, Jennifer Martínez-Ferrero & Isabel-María García-Sánchez. (2018) Board independence and firm performance: The moderating effect of institutional context. Journal of Business Research 88, pages 28-43.
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Erika López-Quesada, María-del-Mar Camacho-Miñano & Samuel O. Idowu. (2018) Corporate governance practices and comprehensive income. Corporate Governance: The International Journal of Business in Society 18:3, pages 462-477.
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Unai Arzubiaga, Txomin Iturralde, Amaia Maseda & Josip Kotlar. (2017) Entrepreneurial orientation and firm performance in family SMEs: the moderating effects of family, women, and strategic involvement in the board of directors. International Entrepreneurship and Management Journal 14:1, pages 217-244.
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Robin Deman, Ann Jorissen & Eddy Laveren. (2018) Family control and innovativeness in private firms: the mediating role of board task performance. Management Decision 56:2, pages 295-310.
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Rey Dang A.Marie-José Scotto, L’Hocine Houanti & Anne-Françoise Bender. (2018) Représentation des femmes dans les conseils d’administration et performance économique : quels enseignements des PME françaises cotées ?. Management & Avenir N° 97:7, pages 61-79.
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Lotfi Karoui & Nazik Fadil. (2019) La participation du conseil d’administration au processus stratégique des pme : les effets de la professionnalisation. Management international 23:1, pages 28-42.
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Francesco Napoli. (2018) Corporate governance and firm networks: An empirical research based on Italy. Corporate Ownership and Control 15:2-1, pages 231-247.
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Satwinder Singh, Naeem Tabassum, Tamer K. Darwish & Georgios Batsakis. (2018) Corporate Governance and Tobin's Q as a Measure of Organizational Performance . British Journal of Management 29:1, pages 171-190.
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Coral Ingley, Wafa Khlif & Lotfi Karoui. (2016) SME growth trajectories, transitions and board role portfolios: A critical review and integrative model. International Small Business Journal: Researching Entrepreneurship 35:6, pages 729-750.
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Limei Che & Pingying Zhang. (2016) The impact of family CEO’s ownership and the moderating effect of the second largest owner in private family firms. Journal of Management & Governance 21:3, pages 757-784.
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Sam Garg & Nathan Furr. (2017) Venture Boards: Past Insights, Future Directions, and Transition to Public Firm Boards. Strategic Entrepreneurship Journal 11:3, pages 326-343.
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Lotfi Karoui, Wafa Khlif & Coral Ingley. (2017) SME heterogeneity and board configurations: an empirical typology. Journal of Small Business and Enterprise Development 24:3, pages 545-561.
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Carmen Barroso-Castro, Mª Mar Villegas-Periñan & Marta Dominguez. (2017) Board members’ contribution to strategy: The mediating role of board internal processes. European Research on Management and Business Economics 23:2, pages 82-89.
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Caroline Tarillon. (2017) Une vision élargie de la gouvernance au service de la croissance des entreprises innovantes1. Revue internationale P.M.E. 30:2, pages 145-179.
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Silvia Fotea & Samuel Echevarria. 2017. Business Ethics and Leadership from an Eastern European, Transdisciplinary Context. Business Ethics and Leadership from an Eastern European, Transdisciplinary Context 31 52 .
F. Pinar Acar. (2015) The effects of top management team composition on SME export performance: an upper echelons perspective. Central European Journal of Operations Research 24:4, pages 833-852.
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Joel Kiplagat Tuwey & Daniel Kipkirong Tarus. (2016) Does CEO power moderate the relationship between board leadership and strategy involvement in private firms? Evidence from Kenya. Corporate Governance: The international journal of business in society 16:5, pages 906-922.
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Alfredo D’Angelo, Antonio Majocchi & Trevor Buck. (2016) External managers, family ownership and the scope of SME internationalization. Journal of World Business 51:4, pages 534-547.
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Rosie Boxer, Lew Perren & Aidan Berry. (2014) SME managing director and non-executive director trust relations: The dynamic interplay between structure and agency. International Small Business Journal: Researching Entrepreneurship 34:3, pages 369-386.
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Stefano Denicolai, Birgit Hagen & Alessia Pisoni. (2015) Be international or be innovative? Be both? The role of the entrepreneurial profile. Journal of International Entrepreneurship 13:4, pages 390-417.
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Limei Che & John Christian Langli. (2015) Governance Structure and Firm Performance in Private Family Firms. Journal of Business Finance & Accounting 42:9-10, pages 1216-1250.
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Nils D. Kraiczy, Andreas Hack & Franz W. Kellermanns. (2014) CEO innovation orientation and R&D intensity in small and medium-sized firms: the moderating role of firm growth. Journal of Business Economics 85:8, pages 851-872.
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Mª Katiuska Cabrera-Suárez & Josefa D. Martín-Santana. (2015) Board composition and performance in Spanish non-listed family firms: The influence of type of directors and CEO duality. BRQ Business Research Quarterly 18:4, pages 213-229.
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Laura A. Costanzo & MariaLaura Di Domenico. (2015) A Multi-level Dialectical-Paradox Lens for Top Management Team Strategic Decision-Making in a Corporate Venture. British Journal of Management 26:3, pages 484-506.
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Rodrigo Basco & Wim Voordeckers. (2015) The relationship between the board of directors and firm performance in private family firms: A test of the demographic versus behavioral approach. Journal of Management & Organization 21:4, pages 411-435.
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P. López-Delgado & J. Diéguez-Soto. (2015) Lone founders, types of private family businesses and firm performance. Journal of Family Business Strategy 6:2, pages 73-85.
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Nick Wilson, Mike Wright & Ali Altanlar. (2013) The survival of newly-incorporated companies and founding director characteristics. International Small Business Journal: Researching Entrepreneurship 32:7, pages 733-758.
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Jonas De Maere, Ann Jorissen & Lorraine M. Uhlaner. (2014) Board Capital and the Downward Spiral: Antecedents of Bankruptcy in a Sample of Unlisted Firms. Corporate Governance: An International Review 22:5, pages 387-407.
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G?lsevim Yumuk G?nay & Sudi Apak. (2014) Comparison of Public and Non-public SMEs? Corporate Governance Strategies in Turkey. Procedia - Social and Behavioral Sciences 150, pages 162-171.
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Francesco Campanella & Domenico Graziano. (2013) Relationship between Governance, Performance and Solvency. International Journal of Social Ecology and Sustainable Development 4:4, pages 1-19.
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Sam Garg. (2013) Venture Boards: Distinctive Monitoring and Implications for Firm Performance. Academy of Management Review 38:1, pages 90-108.
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Mette Neville. (2011) The role of boards in small and medium sized firms. Corporate Governance: The international journal of business in society 11:5, pages 527-540.
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Joe Christopher. (2011) THE MULTI THEORETICAL APPROACH TO GOVERNANCE: AUTHENTICATING THE CONCEPT AND ESTABLISHING ITS CONTROL FRAMEWORK. Corporate Ownership and Control 8:3.
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Blanca Arosa, Txomin Iturralde & Amaia Maseda. (2010) Outsiders on the board of directors and firm performance: Evidence from Spanish non-listed family firms. Journal of Family Business Strategy 1:4, pages 236-245.
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Daniel P. Forbes, M. Audrey Korsgaard & Harry J. Sapienza. (2010) Financing decisions as a source of conflict in venture boards. Journal of Business Venturing 25:6, pages 579-592.
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Joe Christopher. (2010) Corporate governance—A multi-theoretical approach to recognizing the wider influencing forces impacting on organizations. Critical Perspectives on Accounting 21:8, pages 683-695.
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Dimitrios N. Koufopoulos, Ioannis N. Lagoudis, Ioannis N. Theotokas & Theodoros C. Syriopoulos. (2010) Corporate governance and board practices by Greek shipping management companies. Corporate Governance: The international journal of business in society 10:3, pages 261-278.
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Torsten M. Pieper. (2010) Non solus: Toward a psychology of family business. Journal of Family Business Strategy 1:1, pages 26-39.
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Karine Cerrada & Frank Janssen. (2012) De l’applicabilité, des spécificités et de l’utilité d’un code de gouvernance d’entreprise pour les PMe et les TPE : le cas de la Belgique. Revue internationale P.M.E. 19:3-4, pages 163-193.
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