The role of family ties in agency contracts

被引：656
|
作者：
Gomez-Mejia, LR [1 ]
Nuñez-Nickel, M
Gutierrez, I
机构：
[1] Arizona State Univ, Coll Business, Tempe, AZ 85287 USA
[2] Univ Carlos III Madrid, E-28903 Getafe, Spain
来源：
ACADEMY OF MANAGEMENT JOURNAL | 2001年 / 44卷 / 01期
关键词：
D O I：
10.5465/3069338
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Drawing on data based on the entire population of Spanish newspapers over 27 years (1966-93), this study shows that firm performance and business risk are much stronger predictors of chief executive tenure when a firm's owners and its executive have family ties and that the organizational consequences of CEO dismissal are more favorable when the replaced CEO is a member of the family owning the firm. The study also demonstrates that executives operating under weakly relational (less ambiguous) contracts are held more accountable for firm performance and business risk outcomes, even under nonfamily contracting.
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页码：81 / 95
页数：15
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