Block, Joern H.; Jaskiewicz, Peter; Miller, Danny - In: Journal of Family Business Strategy 2 (2011) 4, pp. 232-245
We employ agency theory to argue that the effects of family (and founder) ownership versus management will be quite different: the former is expected to contribute positively to performance, the latter is argued to erode performance. Previous studies, due to problems of multicollinearity have...