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An Agency Theoretic Analysis of the Professionalized Family Firm

✍ Scribed by Jess H. Chua; James J. Chrisman; Erich B. Bergiel

Book ID
109180172
Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
158 KB
Volume
33
Category
Article
ISSN
1042-2587

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## 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 t