How family firms solve intra-family agency problems using interlocking directorates: An extension

Entrepreneurship: Theory and Practice

Volumn 30, Issue 6, 2006, Pages 777-783

  Chua, Jess H ^a   Steier, Lloyd P ^b   Chrisman, James J ^c  

^a MISSISSIPPI STATE UNIVERSITY   (United States)

^b UNIVERSITY OF CALGARY   (Canada)

^c UNIVERSITY OF ALBERTA   (Canada)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33750632552     PISSN: 10422587     EISSN: 15406520     Source Type: Journal    
DOI: 10.1111/j.1540-6520.2006.00150.x     Document Type: Note

References (13)

1. Anderson, R. & Reeb, D. (2003). Founding-family ownership and firm performance: Evidence from the S&P 500. Journal of Finance, 58, 1301-1328.
2. Bernheim, B. & Stark, O. (1988). Altruism with the family reconsidered: Do nice guys finish last? American Economic Review, 78, 1034-1045.
3. Burt, R.S. (1992). Structural holes. Cambridge, MA: Harvard University Press.
4. Chrisman, J., Chua, J., & Litz, R. (2004). Comparing the agency costs of family and non-family firms: Conceptual issues and exploratory evidence. Entrepreneurship Theory and Practice, 28, 335-354.
5. Chrisman, J.J., Chua, J.H., & Sharma, P. (2005). Trends and directions in the development of a strategic management theory of the family firm. Entrepreneurship Theory and Practice, 29, 555-575.
6. Fama, E. & Jensen, M. (1983). Separation of ownership and control. Journal of Law and Economics, 26, 301-325.
7. Jensen, M. & Meckling, W. (1976). Theory of the firm: Managerial behaviour, agency costs, and ownership structure. Journal of Financial Economics, 3, 305-360.
8. Lester, R.H. & Cannella, A.A., Jr. (2006). Interorganizational familiness: How family firms use interlocking directorates to build community-level social capital. Entrepreneurship Theory and Practice, 30, 756-775.
9. Lubatkin, M.H., Schulze, W.S., Ling, Y., & Dino, R.N. (2005). The effects of parental altruism on the governance of family-managed firms. Journal of Organizational Behavior, 36, 313-330.
10. Portes, A. (1998). Social capital: Its origins and applications in modern sociology. Annual Review of Sociology, 24, 1-24.
11. Schulze, W., Lubatkin, M., Dino, R., & Buchholtz, A. (2001). Agency relationships in family firms: Theory and evidence. Organization Science, 12, 99-116.
12. Sharma, P., Chrisman, J.J., & Chua, J.H. (1997). Strategic management of the family business: Past research and future challenges. Family Business Review, 10, 1-35.
13. Tsai, W. & Ghoshal, S. (1998). Social capital and value creation: The role of interfirm networks. Academy of Management Journal, 41, 464-476.