Family Involvement and Agency Cost Control Mechanisms in Family Small and Medium‐Sized Enterprises

Lucrezia Songini and Luca Gnan

Journal of Small Business Management, 2015, vol. 53, issue 3, 748-779

Abstract: Family firms may experience different agency conflicts to the classical principal‐agent conflict, which arise depending on the varying extent of family involvement. Agency cost control mechanisms should be introduced to cope with them. The paper focuses on family involvement, in governance () and in management (), agency cost control mechanisms, and financial performance in family . The results show that is negatively related to agency cost control mechanisms, but they are positively related to , Finally, the importance of agency cost control mechanisms positively influences the financial performance. Hypotheses were tested using .

Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://hdl.handle.net/10.1111/jsbm.12085 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:ujbmxx:v:53:y:2015:i:3:p:748-779

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/ujbm20

DOI: 10.1111/jsbm.12085

Access Statistics for this article

Journal of Small Business Management is currently edited by Eric Liguori

More articles in Journal of Small Business Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().