Ownership structure and firm performance
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Carmen Galve GΓ³rriz; Vicente Salas FumΓ‘s
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Article
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1996
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John Wiley and Sons
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English
β 896 KB
The 'managerial' and the 'contractual' theories of the firm imply different causes and consequences for the relationship between ownership and performance of firms. This paper provides a test of the two conflicting theories, using ownership and performance data from a sample of Spanish family-and no