n Management Dynamics : Journal of the Southern African Institute for Management Scientists - The impact of family harmony on governance practices in South African Greek family businesses

Volume 17, Issue 3
  • ISSN : 1019-567X



In this study a theoretical model exploring the relationship between family harmony and good corporate governance was empirically tested among Greek family businesses. The empirical results indicate that practices are positively influenced by the of the business. There are, however, no significant relationships between the factors and , and the dependent variable . The latent variable is positively influenced by , indicating that the more harmonious family relationships are, the more likely it is that the business will be profitable. In the same manner, the variable is positively influenced by both and by . In other words, the more harmony and trust there is in the family, the more likely it is that the family members will have a commitment to each other and the business, characterised by effective communication.

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