When Corporate Governance crosses the firm borders: family firms in local productive systems

The family involvement in firms is observable is most economies around the world, although there are significant differences among these countries, not only regarding its predominance in these economies, but also in what refers to the levels of involvement of the family in business. This research aims at understanding the family-based firms’ management when compared to non family based, with particular regards to the forms of corporate governance. This analysis is based on case studies and on secondary data found in the literature to support the findings from the empirical research. The data was collected via face to face in-depth interviews with entrepreneurs from the furniture and the events organisation industries (where the family is predominantly present in the furniture but not on the events organisation industry) and with industry and regional business associations. The case studies used in this research allowed the comparison between the Portuguese firms when the family plays an important role in business and those in which the family is absent. It has been found that there are important differences in businesses in countries/industries/local productive systems in which the family is seen as a dominant institution in the society (where businesses are based on strong ties; there is a harmonious relationship between the family members; and the family is accepted locally and dominates the firm organization) and on situations in which the family plays a more marginal role in the society. In fact, the family brings special characteristics to the business, in terms of management, corporate governance, inter and intra firm relationships and succession. Our findings confirm other empirical studies’ results found in the literature. Thus, this article provides a discussion on the factors that play a role in the form of corporate governance structure in family firms highlighting the pros and cons of organising the firm around the family.

Do the most productive firms become exporters? Application of a test for the case of Portugal

Using a longitudinal database (1996-2003) at the plant level, this article aims to shed light on the proposition that most productive domestic firms self-select to export markets. Self-selection and learning by exporting are two non-mutually-exclusive theses that attempt to explain the high correlation between firms’ international trade involvement and their superior performance relative to domestic firms. In general, we find evidence of a self-selection to exports. However, there is significant heterogeneity of sales destinations, firm import status before exporting,and the specificities of the sectors firms belong to.

PERFINOV: Perfis para a inovação: uma abordagem baseada nos clusters

Desenvolvido no âmbito do Programa PO Norte, o presente estudo, designado de PERFINOV – PERFIS PARA A INOVAÇÃO – Uma Abordagem Baseada nos Clusters apresenta, como principal objectivo proceder à “Definição de modelos e metodologias de abordagens baseadas em clusters, decorrentes dos princípios das políticas de apoio à inovação, visando a identificação de necessi- dades ao nível das competências e qualificações actuais e futuras das empresas neles inseridos, apelando às relações sinérgicas fruto do relacionamento, tendo em vista o incremento do valor acrescentado dos mesmos, a sua ascensão na cadeia de valor e a promoção do bottom-up do de- senvolvimento regional.” (UERN, Memória descritiva, 2007)