Altruism, agency, and the competitivenes
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William S. Schulze; Michael H. Lubatkin; Richard N. Dino
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Article
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2002
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John Wiley and Sons
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English
β 144 KB
## 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 overβsimplifies the complexity of exchanges that occur among the family firm's decision agents, and does not conform t