The analysis of corporate governance in small and medium-sized firms has been a much-neglected aspect of study in the field of corporate governance. This collection, with an original introduction by the editors, will be of great interest not only to lecturers and students interested in corporate governance but also to managers and policy makers.

Contents: Acknowledgements Introduction David B. Audretsch and Erik E. Lehmann PART I CORPORATE GOVERNANCE: THEORY AND CONCEPTS A. Governance Theory 1. Michael C. Jensen and William H. Meckling (1976), ‘Theory of the Firm: Managerial Behaviour, Agency Costs, and Ownership Structure’ 2. Eugene F. Fama and Michael C. Jensen (1983), ‘Separation of Ownership and Control’ 3. Harold Demsetz (1983), ‘The Structure of Ownership and the Theory of the Firm’ 4. Henry G. Manne (1965), ‘Mergers and the Market for Corporate Control’ 5. Eugene F. Fama (1980), ‘Agency Problems and the Theory of the Firm’ 6. Raghuram G. Rajan and Luigi Zingales (2000), ‘The Governance of the New Enterprise’ B. Governance Concepts 7. Diane K. Denis (2001), ‘Twenty-five Years of Corporate Governance Research… and Counting’ 8. Lorraine Uhlaner, Mike Wright and Morten Huse (2007), ‘Private Firms and Corporate Governance: An Integrated Economic and Management Perspective’ 9. Peter G. Klein (1999), ‘Entrepreneurship and Corporate Governance’ 10. Catherine M. Daily, Patricia P. McDougall, Jeffrey G. Covin and Dan R. Dalton (2002), ‘Governance and Strategic Leadership in Entrepreneurial Firms’ 11. Thomas M. Zellweger, Kimberly A. Eddleston and Franz W. Kellermanns (2010), ‘Exploring the Concept of Familiness: Introducing Family Firm Identity’ 12. James J. Chrisman, Jess H. Chua, Franz W. Kellermann and Erick P.C. Chang (2007), ‘Are Family Managers Agents or Stewards? An Exploratory Study in Privately Held Family Firms’ 13. Wayne H. Stewart, Jr., Warren E. Watson, Joann C. Carland and James W. Carland (1998), ‘A Proclivity for Entrepreneurship: A Comparison of Entrepreneurs, Small Business Owners, and Corporate Managers’ PART II MANAGERIAL OWNERSHIP IN SME 14. Theresa M. Welbourne and Linda A. Cyr (1999), ‘Using Ownership as an Incentive: Does the “Too Many Chiefs” Rule Apply in Entrepreneurial Firms?’ 15. Randolph P. Beatty and Edward J. Zajac (1994), ‘Managerial Incentives, Monitoring, and Risk Bearing: A Study of Executive Compensation, Ownership, and Board Structures in Initial Public Offerings’ 16. Erik E. Lehmann (2006), ‘Corporate Governance in New Enterprises or: Why Do Some CEOs Hold Large Equity Stakes While Others Are Paid Through Stock Options?’ PART III MARKET MECHANISMS: PRODUCT MARKET COMPETITION, MARKET FOR CORPORATE CONTROL AND MARKET FOR MANAGERS A. The Product Market 17. Marc Cowling (2003), ‘Productivity and Corporate Governance in Smaller Firms’ 18. Trond Randøy, Clay Dibrell and Justin B. Craig (2009), ‘Founding Family Leadership and Industry Profitability’ B. The Market for Corporate Control 19. Damiano Bonardo, Stefano Paleari and Silvio Vismara (2010), ‘The M&A Dynamics of European Science-based Entrepreneurial Firms’ 20. Jung-Chin Shen and Jeffrey J. Reuer (2005), ‘Adverse Selection in Acquisitions of Small Manufactoring Firms: A Comparison of Private and Public Targets’ C. The Market for Managers 21. C. Mirjam van Praag (2003), ‘Business Survival and Success of Young Small Business Owners’ 22. Pramodita Sharma, James J. Chrisman and Jess H. Chua (2003), ‘Predictors of Satisfaction with the Succession Process in Family Firms’ PART IV INSTITUTIONAL MECHANISMS: BOARD OF DIRECTORS AND LARGE SHAREHOLDERS A. The Role of Boards in SME 23. Benjamin E. Hermalin and Michael S. Weisbach (2003), ‘Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature’ 24. Morten Huse (1990), ‘Board Composition in Small Enterprises’ 25. Morten Huse (2000), ‘Boards of Directors in SMEs: A Review and Research Agenda’ 26. Catherine M. Daily and Dan R. Dalton (1992), ‘The Relationship Between Governance Structure and Corporate Performance in Entrepreneurial Firms’ 27. Bart Clarysse, Mirjam Knockaert and Andy Lockett (2007), ‘Outside Board Members in High-Tech Start-Ups’ 28. Olof Brunninge, Mattias Nordqvist and Johan Wiklund (2007), ‘Corporate Governance and Strategic Change in SMEs: The Effects of Ownership, Board Composition and Top Management Teams’ 29. Alessandro Minichilli and Cathrine Hansen (2007), ‘The Board Advisory Tasks in Small Firms and the Event of Crises’ 30. Kevin Keasey, Helen Short and Robert Watson (1994), ‘Directors’ Ownership and the Performance of Small and Medium Sized Firms in the UK’ B. The Role and Influence of Large Shareholders 31. Lloyd Steier (2003), ‘Variants of Agency-Contracts in Family-financed Ventures as a Continuum of Familial Altruistic and Market Rationalities’ 32. David B. Audretsch and Julie A. Elston (1997), ‘Financing the German Mittelstand’ 33. Steven N. Kaplan and Per Strömberg (2001), ‘Venture Capitalists as Principles: Contracting, Screening, and Monitoring’ PART V CORPORATE GOVERNANCE FROM ADOLESCENCE TO MATURITY 34. Malcolm Baker and Paul A. Gompers (2003), ‘The Determinants of Board Structure at the Initial Public Offering’ 35. David B. Audretsch and Erik E. Lehmann (2005), ‘The Effects of Experience, Ownership, Knowledge on IPO Survival: Empirical Evidence from Germany’ 36. Mike Wright, Robert E. Hoskisson, Lowell W. Busenitz and Jay Dial (2000), ‘Entrepreneurial Growth Through Privatization: The Upside of Management Buy Outs’ 37. Matthew D. Lynall, Brian R. Golden and Amy J. Hillman (2003), ‘Board Composition from Adolescence to Maturity: A Multitheoretic View’