The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
The effects of parental altruism on the governance of family-managed firms
Abstract
We draw on the economic, corporate governance, and family business literatures to explain why the effects of family on family firms makes this governance form theoretically distinct from those of public and private non-family firms. Our thesis is that parental altruism, when combined with private ownership and owner-management, influences the ability of the firm's owner-manager to exercise self-control, which, in turn, can expose some family firms to conflicts rooted in the agency threats of moral hazard, hold-up, and adverse selection. We then discuss why some other family firms are able to minimize these dark side threats and thereby attain altruism's brighter side. Finally, we discuss how altruism's influence changes over time as ownership becomes dispersed among family members and across generations. Copyright © 2005 John Wiley & Sons, Ltd.
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Cites
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Cited by
Minichilli, A., Corbetta, G., & MacMillan, I. C. (2010) · Journal of Management Studies · doi:10.1111/j.1467-6486.2009.00888.x · Cited by 513
Innovation in family firms: A systematic literature review and guidance for future research
Calabrò, A., Vecchiarini, M., Gast, J., Campopiano, G., De Massis, A., & Kraus, S. (2019) · International Journal of Management Reviews · doi:10.1111/ijmr.12192 · Cited by 495
Are family managers agents or stewards? An exploratory study in privately held family firms
Chrisman, J. J., Chua, J. H., Kellermanns, F. W., & Chang, E. P. C. (2007) · Journal of Business Research · doi:10.1016/j.jbusres.2006.12.011 · Cited by 455
Is family leadership always beneficial?
Miller, D., Minichilli, A., & Corbetta, G. (2013) · Strategic Management Journal · doi:10.1002/smj.2024 · Cited by 409
Does family employment enhance MSEs performance?
Cruz, C., Justo, R., & De Castro, J. O. (2012) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2010.07.002 · Cited by 332
Metadata
- Authors
- Lubatkin, M. H., Schulze, W. S., Ling, Y., & Dino, R. N.
- Venue
- Journal of Organizational Behavior
- Publisher
- Wiley
- Published
- 2005
- Volume
- 26
- Issue
- 3
- Pages
- 313-330
- ISSN
- 0894-3796 (ISSN-L)
- 1099-1379
- OpenAlex
- W2132076497
- Cited by
- 646
- References
- 5
- FWCI
- 21.80
- Type
- journal article
- Language
- en
- Open access
- closed
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- Lubatkin, M. H., Schulze, W. S., Ling, Y., & Dino, R. N. (2005). The effects of parental altruism on the governance of family-managed firms. Journal of Organizational Behavior. https://doi.org/10.1002/job.307
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