In 1996 Johannesson et al. published a paper in this journal entitled “The Value of Private Safety versus the Value of Public Safety.” Based on preliminary evidence from a hypothetical contingent valuation study, these authors argue that consumers behave as “pure altruists” and reject...

The research regarding the characteristics of family firm governance are mixed, with some studies suggesting the presence of benefits of concentrated ownership and others suggesting increased conflict among family employees.To better understand the functioning of family businesses, both the...