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Personalism, Particularism, and the Competitive Behaviors and Advantages of Family Firms: An Introduction

✍ Scribed by James J. Chrisman; Lloyd P. Steier; Jess H. Chua

Book ID
109180024
Publisher
John Wiley and Sons
Year
2006
Tongue
English
Weight
98 KB
Volume
30
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