The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Succession and Nonsuccession Concerns of Family Firms and Agency Relationship with Nonfamily Managers
Abstract
This article consists of two parts. The first part reports findings from a survey of the issues facing top executives in 272 Canadian family firms. Results show that succession is their No. 1 concern, thus supporting the predominant focus of family business researchers on succession issues. Results also show that concern about relationships with nonfamily managers is a close second in importance. The second part of the article uses Agency Theory to explain why relationships with nonfamily managers are so important. Empirical results show that both the extent and the criticality of a firm's dependence on nonfamily managers are statistically significant determinants of the importance. This study implies that relationships with nonfamily managers is a neglected research topic and points to a new direction for research in family business management.
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Citations
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
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
Metadata
- Authors
- Chua, J. H., Chrisman, J. J., & Sharma, P.
- Venue
- Family Business Review
- Publisher
- SAGE Publications
- Published
- 2003-06
- Volume
- 16
- Issue
- 2
- Pages
- 89-107
- ISSN
- 0894-4865 (ISSN-L)
- 1741-6248
- OpenAlex
- W2002603455
- Cited by
- 512
- References
- 3
- FWCI
- 12.63
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: Succession and Nonsuccession Concerns of Family Firms and Agency Relationship with Nonfamily Managers. https://app.cochat.ai/papers/10.1111/j.1741-6248.2003.00089.x
- The paper
- Chua, J. H., Chrisman, J. J., & Sharma, P. (2003). Succession and Nonsuccession Concerns of Family Firms and Agency Relationship with Nonfamily Managers. Family Business Review. https://doi.org/10.1111/j.1741-6248.2003.00089.x
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
