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http://hdl.handle.net/1942/7858
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DC Field | Value | Language |
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dc.contributor.author | STEIJVERS, Tensie | - |
dc.contributor.author | VOORDECKERS, Wim | - |
dc.contributor.author | VANDEMAELE, Sigrid | - |
dc.contributor.author | PEETERS, Ludo | - |
dc.date.accessioned | 2008-02-14T09:04:05Z | - |
dc.date.available | 2008-02-14T09:04:05Z | - |
dc.date.issued | 2008 | - |
dc.identifier.uri | http://hdl.handle.net/1942/7858 | - |
dc.description.abstract | Using a cross sectional sample of 2,863 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 ownership 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 puzzle: agency issues in small and medium-sized family firms | - |
dc.type | Preprint | - |
local.bibliographicCitation.jcat | O | - |
local.type.specified | Preprint | - |
dc.bibliographicCitation.oldjcat | - | |
item.fullcitation | STEIJVERS, Tensie; VOORDECKERS, Wim; VANDEMAELE, Sigrid & PEETERS, Ludo (2008) The ownership-performance puzzle: agency issues in small and medium-sized family firms. | - |
item.contributor | STEIJVERS, Tensie | - |
item.contributor | VOORDECKERS, Wim | - |
item.contributor | VANDEMAELE, Sigrid | - |
item.contributor | PEETERS, Ludo | - |
item.accessRights | Open Access | - |
item.fulltext | With Fulltext | - |
Appears in Collections: | Research publications |
Files in This Item:
File | Description | Size | Format | |
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Ownership-perfom.pdf | Non Peer-reviewed author version | 246.28 kB | Adobe PDF | View/Open |
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