Purpose – The purpose of this paper is to investigate the extent to which founding-family firms create value. In particular, the paper investigates how agency costs and monitoring capabilities influence the value creation process. Design/methodology/approach – The empirical analysis relies...

Purpose – The purpose of this paper is to investigate the extent to which founding‐family firms create value. In particular, the paper investigates how agency costs and monitoring capabilities influence the value creation process. Design/methodology/approach – The empirical analysis relies...