The determinants of family firms' subcontracting: A transaction cost perspective
In this article we compare the governance choices of family and non-family firms regarding their subcontracting tendencies. Based on transaction cost theory, we argue that family firms are less likely to engage in subcontracting than non-family firms and that kinship ties, the extent to which a family firm's production activities are important, and cost minimization concerns influence the extent to which family firms utilize subcontractors. Using a sample of small, established firms, we find support for our hypotheses as well as for the use of transaction cost theory logic to explain family firm behavior.
Year of publication: |
2011
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Authors: | Memili, Esra ; Chrisman, James J. ; Chua, Jess H. ; Chang, Erick P.C. ; Kellermanns, Franz W. |
Published in: |
Journal of Family Business Strategy. - Elsevier, ISSN 1877-8585. - Vol. 2.2011, 1, p. 26-33
|
Publisher: |
Elsevier |
Keywords: | Transaction cost theory Family business Subcontracting |
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