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dc.contributor.authorAudretsch, David B.en
dc.contributor.authorHülsbeck, Marcelen
dc.contributor.authorLehmann, Erik E.en
dc.date.accessioned2012-05-11T14:45:30Z-
dc.date.available2012-05-11T14:45:30Z-
dc.date.issued2010-
dc.identifier.pidoi:10.2139/ssrn.1690963en
dc.identifier.urihttp://hdl.handle.net/10419/57887-
dc.description.abstractThe benefits of family ownership and control of firms are at the center of the family firm debate. Previous studies have used either family ownership or management as proxies for control. Both indicators are off the mark, as they do not measure decision control as intended by the theory of the firm. This is the first study investigating the direct influence of family ownership, control and management on financial firm performance, while controlling for goal heterogeneity of different stakeholders. Our results clearly show that family control is beneficial for all stakeholders, while neither family ownership nor management influences financial performance. Monitoring behavior of families is the central component and essence of family firms and can be used as a point of departure for the development of a unified theory of family firms.en
dc.language.isoengen
dc.publisher|aUniversity of Augsburg, Chair of Management and Organization |cAugsburgen
dc.relation.ispartofseries|aUO Working Paper Series |x05-10en
dc.subject.jelG32en
dc.subject.jelL22en
dc.subject.jelL26en
dc.subject.ddc650en
dc.subject.keywordCorporate Governanceen
dc.subject.keywordFamily Businessen
dc.subject.keywordOwnership and Controlen
dc.titleThe benefits of family ownership, control and management on financial performance of firms-
dc.typeWorking Paperen
dc.identifier.ppn689369522en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:auguow:0510en

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