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The effects of parental altruism on the governance of family-managed firms

✍ Scribed by Michael H. Lubatkin; William S. Schulze; Yan Ling; Richard N. Dino


Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
147 KB
Volume
26
Category
Article
ISSN
0894-3796

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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