An agency theoretic analysis of the professionalized family firm

Chua, Jess H. and Chrisman, James J. and Bergiel, Erich B. (2009) An agency theoretic analysis of the professionalized family firm. Entrepreneurship Theory and Practice, 33 (2). pp. 355-372. ISSN 1042-2587

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Abstract

The professionalized firm must evaluate the performance of managers and provide incentives that will motivate them to achieve the firm's goals. Using the agency theoretic framework we develop propositions on how differences in goals, altruistic tendencies, and strategic time horizons might affect performance evaluation and incentive compensation in family firms that employ both family and nonfamily managers and how these differences would affect the performance of the professionalized family firms relative to that of nonfamily firms.

Item Type:
Journal Article
Journal or Publication Title:
Entrepreneurship Theory and Practice
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/1400/1403
Subjects:
ID Code:
64537
Deposited By:
Deposited On:
16 May 2013 10:40
Refereed?:
Yes
Published?:
Published
Last Modified:
05 Jul 2020 03:42