The DOI matches its Crossref record; 7 of the 7 references it cites were found in a registry or an index.
Altruism, agency, and the competitiveness of family firms
Abstract
The core belief among agency theorists is that when a firm is both owned and managed by family members, its governance structure is efficient. We argue that this belief over‐simplifies the complexity of exchanges that occur among the family firm's decision agents, and does not conform to reality. We develop an alternative agency view of family firm governance that accounts for agency problems that are understated in extant agency models. These problems are rooted in the firm's ownership structure, as well as the altruistic relationships that exist between the firm's decision agents. We conclude with four propositions that address the competitive implications of this alternative view. Copyright © 2002 John Wiley & Sons, Ltd.
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Cites
The Market for "Lemons": Quality Uncertainty and the Market Mechanism
Akerlof, G. A. (1970) · The Quarterly Journal of Economics · doi:10.2307/1879431 · Cited by 23,016
Agency Theory: An Assessment and Review
Eisenhardt, K. M. (1989) · The Academy of Management Review · doi:10.5465/amr.1989.4279003 · Cited by 13,338
Becker, G. S. (1991) · doi:10.4159/9780674020665 · Cited by 10,565
Human Capital and the Rise and Fall of Families
Becker, G. S., & Tomes, N. (1986) · Journal of Labor Economics · doi:10.1086/298118 · Cited by 2,913
Managerial control of voting rights
Stulz, R. (1988) · Journal of Financial Economics · doi:10.1016/0304-405x(88)90039-6 · Cited by 2,429
An economic theory of self-control.
Thaler, R. H., & Shefrin, H. M. (1981) · Journal of Political Economy · doi:10.1086/260971 · Cited by 2,203
The Perceived Fairness of Selection Systems: An Organizational Justice Perspective
Gilliland, S. W. (1993) · The Academy of Management Review · doi:10.2307/258595 · Cited by 1,185
Cited by
Diversification Decisions in Family‐Controlled Firms
Gomez‐Mejia, L. R., Makri, M., & Kintana, M. L. (2010) · Journal of Management Studies · doi:10.1111/j.1467-6486.2009.00889.x · Cited by 1,236
Dimov, D., & Forster, W. (2011) · In Search of Research Excellence · doi:10.4337/9781849807630.00021 · Cited by 893
Long–Term Orientation and Intertemporal Choice in Family Firms
Lumpkin, G. T., & Brigham, K. H. (2011) · Entrepreneurship Theory and Practice · doi:10.1111/j.1540-6520.2011.00495.x · Cited by 628
Impact of ownership on the international involvement of SMEs
Fernández, Z., & Nieto, M. J. (2006) · Journal of International Business Studies · doi:10.1057/palgrave.jibs.8400196 · Cited by 623
Eddleston, K. A., Kellermanns, F. W., & Sarathy, R. (2008) · Journal of Management Studies · doi:10.1111/j.1467-6486.2007.00717.x · Cited by 606
Metadata
- Authors
- Schulze, W. S., Lubatkin, M. H., & Dino, R. N.
- Venue
- Managerial and Decision Economics
- Publisher
- Wiley
- Published
- 2002-05-30
- Volume
- 23
- Issue
- 4-5
- Pages
- 247-259
- ISSN
- 0143-6570 (ISSN-L)
- 1099-1468
- OpenAlex
- W2156398750
- Cited by
- 380
- References
- 7
- FWCI
- 2.92
- Type
- journal article
- Language
- en
- Open access
- closed
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