Schulze, William S.; Lubatkin, Michael H.; Dino, Richard N. - In: Managerial and Decision Economics 23 (2002) 4-5, pp. 247-259
The core belief among agency theorists is that when a firm is both owned and managed by family members, its governance structure is efficient. We argue that this belief over-simplifies the complexity of exchanges that occur among the family firm's decision agents, and does not conform to...