The purpose of this article is to provide an explanation for the contradictory evidence in the literature regarding the performance of family-owned firms. The article suggests that most of the research fails to clearly describe the "family effect" on organizational performance. The "family effect," based on agency theory and the resource-based view of the firm, is described and propositions are generated that examine the relationship between families and organizational performance. Implications for theory and research are also discussed.
机构:
Middle Tennessee State Univ, Jennings A Jones Coll Business, Murfreesboro, TN 37130 USAMiddle Tennessee State Univ, Jennings A Jones Coll Business, Murfreesboro, TN 37130 USA
Williams, Ralph I., Jr.
Mullane, John
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机构:
Middle Tennessee State Univ, Jennings A Jones Coll Business, Murfreesboro, TN 37130 USAMiddle Tennessee State Univ, Jennings A Jones Coll Business, Murfreesboro, TN 37130 USA
机构:
Hasselt Univ, Res Foundation Flanders FWO, B-3590 Diepenbeek, Belgium
Hasselt Univ, Business Informat Res Grp, B-3590 Diepenbeek, BelgiumHasselt Univ, Res Foundation Flanders FWO, B-3590 Diepenbeek, Belgium