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Toward a theory of agency and altruism in family firms

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

Book ID
117583601
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
268 KB
Volume
18
Category
Article
ISSN
0883-9026

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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