Table 10

Future Lines of Research

Strategic aimEnabler quadrant in strategic graph 2008–2022Suggested line of researchResearch questionsSupporting sources
Validate findings sourced from developed themes, in alternative business context less developedPrincipal ThemeFamily ownership and BoD culture for BT successWhich ownership structure most facilitates BT government? Family-controlled business with a family aligned BoD or fragmented shareholding companies with diversified directors’ profiles?Chrisman et al. (2004), King et al. (2022), Maseda et al. (2019), Vlasic (2022) 
Deepen the content of an interconnected cluster of ideas still with areas to examineSecondary ThemeLeveraging the beneficial impact of gender diversity in upper echelons by a synchronized increase in female representation both at BoDs and Top Management Team (TMT) rather than separated organizational layersDo firms achieving high performance results require an organization where diversity shows parallel standards at BoD and at TMT?Bertrand et al. (2014), de Waal (2018), Dezsö and Ross (2012), Maida and Weber (2022), Tampakoudis et al. (2022), Vracheva and Stoyneva (2020) 
Expand an undeveloped theme in relation to other areas already researched and to strength inner contentDilemma ThemeOrganizational legitimacy of BoDs as a driver of BT due to sustainability and climate change risksWhen BODs lead BT for climate change reasons, does organizational legitimacy act as an enabler or as a must-have?
What are the CG attributes profiling companies succeeding at BT? Which of those attributes relate to effectiveness and which ones to legitimacy?
Cachón-Rodríguez et al. (2021), Díez-Martín et al. (2021), Galbreath (2018), Haque (2017), Liao et al. (2015), Orazalin and Mahmood (2021) 

Source(s): Table by authors

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