The Fiduciary Responsibility of Directors to Preserve Intergenerational Equity

Majumdar, Arjya B.

doi:10.1007/s10551-017-3739-4

Cited by 5 publications

(1 citation statement)

References 17 publications

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“…For example, baby boomers (Abel, 2003), generation Y (Anderson et al, 2017), new agers (Nichols, 1994), old (North, 2019), and next generations (Ralston et al, 1999) have been named according to a specific predetermined timeframe (usually based on their date of birth) in chronological order. Studies adopting these labels mainly investigate work-related (e.g., VanMeter et al, 2013), socioeconomic (e.g., Majumdar, 2019), cultural (Nichols, 1994), or financial (Abel, 2003) issues.…”

Section: A Framework For Understanding Prior Researchmentioning

confidence: 99%

Generations in Family Business: A Multifield Review and Future Research Agenda

Magrelli

Rovelli

Benedetti

et al. 2022

Family Business Review

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The concept of generations has become increasingly important in the social science fields to explain diverse phenomena affecting organizations. This is especially true in the family business field where generations are considered a constitutive element. Nevertheless, there is still a limited understanding of generations and the implications of their involvement in family business. We review prior studies on generations by considering different social science fields, which we analyze according to a novel theoretical framework. Building on this framework, and placing particular emphasis on family firms, we identify important knowledge gaps that serve as a springboard for future research.

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Section: A Framework For Understanding Prior Researchmentioning

confidence: 99%

Generations in Family Business: A Multifield Review and Future Research Agenda

Magrelli

Rovelli

Benedetti

et al. 2022

Family Business Review

View full text Add to dashboard Cite

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How to Sharpen Our Discourse on Corporate Sustainability and Business Ethics—A View from the Section Editors

Hockerts

Searcy

2023

J Bus Ethics

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Sustainable Governance: Board Sustainability Experience and the Interplay with Board Age for Firm Sustainability

Collevecchio,

Temperini,

Barba-Sanchez

et al. 2024

J Bus Ethics

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The growing emphasis on sustainability in the business landscape has prompted scholars and industry practitioners to explore the role of corporate governance, particularly the board of directors, in promoting corporate sustainability. Companies are called upon to operate ethically and to redefine their objectives beyond mere economic pursuits to create social impacts that contribute to sustainability challenges. Corporate governance plays a key role in this regard, as it defines the purpose and ethical orientation of the firm, thereby shaping its sustainability. While previous research has primarily focused on observable board characteristics, this study delves into a critical yet underexplored aspect of sustainable boards, i.e., the sustainability experience. Drawing on the upper echelon and resource dependency theories, our research examines how the sustainability experience of board members influences a firm’s sustainability performance, investigating the moderating effect of board age. We analyzed European listed companies from 2014 to 2020, and our findings show that the effect of board sustainability experience on firm performance is contingent on board age. Specifically, our results show that younger boards amplify the positive effect of sustainability experience, while for older boards, this effect diminishes, up to the point of being completely mitigated, highlighting a potential misalignment between sustainability efforts and ethical business conduct. This study is pioneering in investigating the joint effects of board sustainability experience and board age on a firm’s sustainability, thus, providing valuable contributions to theory and practical recommendations for firms in director recruitment, as well as recommendations for regulatory practices.

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The Fiduciary Responsibility of Directors to Preserve Intergenerational Equity

Cited by 5 publications

References 17 publications

Generations in Family Business: A Multifield Review and Future Research Agenda

Generations in Family Business: A Multifield Review and Future Research Agenda

How to Sharpen Our Discourse on Corporate Sustainability and Business Ethics—A View from the Section Editors

Sustainable Governance: Board Sustainability Experience and the Interplay with Board Age for Firm Sustainability

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