Conflicting selves : family owners’ multiple goals and self-control agency problems in private firms

De Massis, Alfredo Vittorio and Kotlar, Josip and Mazzola, Pietro and Minola, Tommaso and Sciascia, Salvatore (2018) Conflicting selves : family owners’ multiple goals and self-control agency problems in private firms. Entrepreneurship Theory and Practice, 42 (3). pp. 362-389. ISSN 1042-2587

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This study examines the self-control agency problems associated with family ownership in private firms. Theorizing that family owners’ inner conflicts between economic and non-economic goals lead to competing preferences in the allocation of financial resources, we predict that the relationship between financial slack and firm profitability is contingent on factors that increase the potential salience of either economic or non-economic goals for family owners. Accordingly, our findings suggest that self-control is a separate source of agency costs in private firms and that family ownership is not as crucial as owners’ goals in predicting the impact of financial slack on firm profitability.

Item Type:
Journal Article
Journal or Publication Title:
Entrepreneurship Theory and Practice
Additional Information:
This is the peer reviewed version of the following article: De Massis, A., Kotlar, J., Mazzola, P., Minola, T. and Sciascia, S. (2016), Conflicting Selves: Family Owners' Multiple Goals and Self-Control Agency Problems in Private Firms. Entrepreneurship Theory and Practice. doi:10.1111/etap.12257 which has been published in final form at This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
Uncontrolled Keywords:
?? economics and econometricsbusiness and international managementdiscipline-based research ??
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Deposited On:
20 Jul 2016 09:06
Last Modified:
28 Feb 2024 00:57