RT Conference Proceedings
T1 Lone founders, types of private family firms and firm performance
A1 Diéguez-Soto, Julio
A1 López-Delgado, Pilar
K1 Empresas familiares
AB The purpose of this article is to provide an explanation forthe contradictory findings about the links between private familybusinesses (FBs) and organisational performance. The paper suggests thatlone founder firms determine the results by explaining the comparativeperformance of different private FBs and NFBs. In addition, we develop aparsimonious typology of private FBs that exploits the interactions ofthe components of family involvement to show that firms that achieve toavoid or minimize traditional agency conflicts tend to outperform thefirms that do not. It appears that the use of ownership dispersion as agovernance mechanism shepherds and monitors performance progress, and theconflict between large and minority shareholders seems to be more costlythan the conflict between owners and managers.
YR 2013
FD 2013-09-04
LK http://hdl.handle.net/10630/5673
UL http://hdl.handle.net/10630/5673
LA eng
DS RIUMA. Repositorio Institucional de la Universidad de Málaga
RD 20 ene 2026