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http://hdl.handle.net/1942/13833
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DC Field | Value | Language |
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dc.contributor.author | VOORDECKERS, Wim | - |
dc.contributor.author | STEIJVERS, Tensie | - |
dc.contributor.author | PEETERS, Ludo | - |
dc.date.accessioned | 2012-07-19T06:28:45Z | - |
dc.date.available | 2012-07-19T06:28:45Z | - |
dc.date.issued | 2012 | - |
dc.identifier.uri | http://hdl.handle.net/1942/13833 | - |
dc.description.abstract | Using a cross sectional sample of 2863 family firms from the 1998 NSSBF database, we examine the relationship between family ownership and financial performance for small and medium-sized family firms with a chained-interaction model in which we combine authorship dispersion proxies with moderating management and family variables. Our results suggest that ownership dispersion has a positive influence on performance when the family firm is in a later generational stage, giving support to predictions put forth by agency cost models in private family firms (Schulze, et al., 2003). Our results also suggest that the zero agency-cost base case as described by Jensen and Meckling (1976) is in fact no zero agency cost case due to ignored agency costs in family firms. | - |
dc.language.iso | en | - |
dc.subject.other | ownership; performance; SME; family firm | - |
dc.title | The ownership-performance relationship: agency issues in private family firms | - |
dc.type | Working Paper | - |
local.format.pages | 52 | - |
local.bibliographicCitation.jcat | R2 | - |
local.type.refereed | Refereed | - |
dc.bibliographicCitation.oldjcat | B4 | - |
item.fulltext | No Fulltext | - |
item.contributor | VOORDECKERS, Wim | - |
item.contributor | STEIJVERS, Tensie | - |
item.contributor | PEETERS, Ludo | - |
item.accessRights | Closed Access | - |
item.fullcitation | VOORDECKERS, Wim; STEIJVERS, Tensie & PEETERS, Ludo (2012) The ownership-performance relationship: agency issues in private family firms. | - |
Appears in Collections: | Research publications |
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