Family Firms’ Board Characteristics

In this chapter, I present the difference between “mandatory” and “not mandatory” variables and the methodology adopted for extracting it. I also present the methodology used to classify these variables in the two aforementioned categories and the importance of these variables in terms of the potential impact on a firm’s performance. In the second part of the chapter, after having introduced the main descriptive statistics of the variables collected and the expected impact on performance, I outline the methodology adopted to calculate the multidimensional indexes.