Family business sustainability: the impact of governance and women’s empowerment in Saudi Arabia
Abstract Due to their strong emotional interest and ownership control, family firm owners significantly influence their firm’s strategies and governance, which has consequences for their business sustainability practices. The failure to establish or maintain formal organizational structures, and ado...
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| Format: | Article |
| Language: | English |
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SpringerOpen
2024-05-01
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| Series: | Future Business Journal |
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| Online Access: | https://doi.org/10.1186/s43093-024-00333-5 |
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| author | Razan Abdullah Al Rawaf Abdulaziz Abdulmohsen Alfalih |
| author_facet | Razan Abdullah Al Rawaf Abdulaziz Abdulmohsen Alfalih |
| author_sort | Razan Abdullah Al Rawaf |
| collection | DOAJ |
| description | Abstract Due to their strong emotional interest and ownership control, family firm owners significantly influence their firm’s strategies and governance, which has consequences for their business sustainability practices. The failure to establish or maintain formal organizational structures, and adopt good governance principles, may hinder family firms in their pursuit of long-term sustainability. This study empirically investigated the impact of corporate governance on family firms’ sustainability, with women’s empowerment and culture as moderating and mediating factors, respectively. Data for the study were obtained from a sample of 126 family firms from Saudi Arabia. The study adopted the partial least squares structural equation modelling (PLS-SEM) method. The study results empirically confirmed that corporate governance is positively associated with women’s empowerment, which also assists in achieving business sustainability in family-controlled firms. The adoption of good corporate governance policies, and empowerment of women through their appointment on corporate boards operating in a supportive culture, can reinforce an organization’s mission, purpose and strategies, which can create an enabling environment for family business sustainability. |
| format | Article |
| id | doaj-art-d893e4daff254d5b9e171cd16634381b |
| institution | OA Journals |
| issn | 2314-7202 2314-7210 |
| language | English |
| publishDate | 2024-05-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Future Business Journal |
| spelling | doaj-art-d893e4daff254d5b9e171cd16634381b2025-08-20T01:51:38ZengSpringerOpenFuture Business Journal2314-72022314-72102024-05-0110111910.1186/s43093-024-00333-5Family business sustainability: the impact of governance and women’s empowerment in Saudi ArabiaRazan Abdullah Al Rawaf0Abdulaziz Abdulmohsen Alfalih1Department of Business Administration, College of Business and Economics, Qassim UniversityDepartment of Business Administration, College of Business and Economics, Qassim UniversityAbstract Due to their strong emotional interest and ownership control, family firm owners significantly influence their firm’s strategies and governance, which has consequences for their business sustainability practices. The failure to establish or maintain formal organizational structures, and adopt good governance principles, may hinder family firms in their pursuit of long-term sustainability. This study empirically investigated the impact of corporate governance on family firms’ sustainability, with women’s empowerment and culture as moderating and mediating factors, respectively. Data for the study were obtained from a sample of 126 family firms from Saudi Arabia. The study adopted the partial least squares structural equation modelling (PLS-SEM) method. The study results empirically confirmed that corporate governance is positively associated with women’s empowerment, which also assists in achieving business sustainability in family-controlled firms. The adoption of good corporate governance policies, and empowerment of women through their appointment on corporate boards operating in a supportive culture, can reinforce an organization’s mission, purpose and strategies, which can create an enabling environment for family business sustainability.https://doi.org/10.1186/s43093-024-00333-5Family firmsCorporate governanceWomen’s empowermentCorporateFamily culture |
| spellingShingle | Razan Abdullah Al Rawaf Abdulaziz Abdulmohsen Alfalih Family business sustainability: the impact of governance and women’s empowerment in Saudi Arabia Future Business Journal Family firms Corporate governance Women’s empowerment Corporate Family culture |
| title | Family business sustainability: the impact of governance and women’s empowerment in Saudi Arabia |
| title_full | Family business sustainability: the impact of governance and women’s empowerment in Saudi Arabia |
| title_fullStr | Family business sustainability: the impact of governance and women’s empowerment in Saudi Arabia |
| title_full_unstemmed | Family business sustainability: the impact of governance and women’s empowerment in Saudi Arabia |
| title_short | Family business sustainability: the impact of governance and women’s empowerment in Saudi Arabia |
| title_sort | family business sustainability the impact of governance and women s empowerment in saudi arabia |
| topic | Family firms Corporate governance Women’s empowerment Corporate Family culture |
| url | https://doi.org/10.1186/s43093-024-00333-5 |
| work_keys_str_mv | AT razanabdullahalrawaf familybusinesssustainabilitytheimpactofgovernanceandwomensempowermentinsaudiarabia AT abdulazizabdulmohsenalfalih familybusinesssustainabilitytheimpactofgovernanceandwomensempowermentinsaudiarabia |