Governance in professional service firms.
This paper aims to deliver new insights into the field of governance in professional service firms by bringing together and comparing the latest theoretical as well as practical findings and furthermore to provide recommendations for both practitioners and scholars. In order to achieve this goal,...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
2009
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/19339 |
| _version_ | 1824456067238592512 |
|---|---|
| author | Brennwald, Alex Willy. |
| author2 | Nanyang Business School |
| author_facet | Nanyang Business School Brennwald, Alex Willy. |
| author_sort | Brennwald, Alex Willy. |
| collection | NTU |
| description | This paper aims to deliver new insights into the field of governance in professional
service firms by bringing together and comparing the latest theoretical as well as
practical findings and furthermore to provide recommendations for both
practitioners and scholars. In order to achieve this goal, this thesis challenges
research with practice to equally reflect both perspectives.
The conclusions from this paper are the following: Professional service firms
definitely benefit from good governance principles. Properly set up governance
principles have the potential to resolve critical agency conflicts within the
professional partnership and hereby enhances the firm’s performance potential.
The chosen legal structure has furthermore the potential to strengthen the
partnership principle by adequately reflecting the partnership’s norms and vision in
the legal form. The reversed KISS principle (Hilb, 2005) provides a situational,
strategic, integrated, and controlled approach on governance issues and hereby
helps to keep the balance between fostering entrepreneurial behaviour and
assessing overall risk exposure what furthermore keeps the partnership principle
alive. |
| first_indexed | 2025-02-19T03:48:12Z |
| format | Thesis |
| id | ntu-10356/19339 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2025-02-19T03:48:12Z |
| publishDate | 2009 |
| record_format | dspace |
| spelling | ntu-10356/193392024-01-12T10:32:31Z Governance in professional service firms. Brennwald, Alex Willy. Nanyang Business School Martin Hilb Gunter Muller-Stewens DRNTU::Business This paper aims to deliver new insights into the field of governance in professional service firms by bringing together and comparing the latest theoretical as well as practical findings and furthermore to provide recommendations for both practitioners and scholars. In order to achieve this goal, this thesis challenges research with practice to equally reflect both perspectives. The conclusions from this paper are the following: Professional service firms definitely benefit from good governance principles. Properly set up governance principles have the potential to resolve critical agency conflicts within the professional partnership and hereby enhances the firm’s performance potential. The chosen legal structure has furthermore the potential to strengthen the partnership principle by adequately reflecting the partnership’s norms and vision in the legal form. The reversed KISS principle (Hilb, 2005) provides a situational, strategic, integrated, and controlled approach on governance issues and hereby helps to keep the balance between fostering entrepreneurial behaviour and assessing overall risk exposure what furthermore keeps the partnership principle alive. Master of Business Administration 2009-12-10T00:57:46Z 2009-12-10T00:57:46Z 2008 2008 Thesis http://hdl.handle.net/10356/19339 en 130 p. application/pdf |
| spellingShingle | DRNTU::Business Brennwald, Alex Willy. Governance in professional service firms. |
| title | Governance in professional service firms. |
| title_full | Governance in professional service firms. |
| title_fullStr | Governance in professional service firms. |
| title_full_unstemmed | Governance in professional service firms. |
| title_short | Governance in professional service firms. |
| title_sort | governance in professional service firms |
| topic | DRNTU::Business |
| url | http://hdl.handle.net/10356/19339 |
| work_keys_str_mv | AT brennwaldalexwilly governanceinprofessionalservicefirms |