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This paper aims to measure the influence of the family responsible ownership practices on the socially responsible … behaviour of family small and medium firms. To reach this purpose, we define six hypothesis and we apply an empirical testing of … an integrative model. Based on a sample of 84 family SMEs, we use structural equation modelling to test for possible …
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Building on the theory of Burkart et al. (2003) that family ownership and control of firms mitigate the twin conflicts … between owners and managers and between majority and minority owners, we suggest that the allocation of firm ownership rights … and informal governance within controlling families helps mitigate conflicts among family members, a third type of agency …
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1. Introduction: The need for family governance -- 2. An ‘impossible’ connection -- 3. Typical conflict courses and … the collective level: Family strategy and more -- 6. Wrap-up: 18 Key phrases. …Conflicts within the owner circle - or rather, within the "family of the family business" - are often the main cause of …
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