Do Small Family Firms Outperform Non-family Firms？ A Research Agenda Based on Agency and Stewardship Theories＊  

作　　者：Marquinha Teixeira de Carvalho Zinga Mario Augusto Maria Elisabete Ramos 

机构地区：[1]University ofCoimbra, Coimbra, Portugal

出　　处：《Journal of Modern Accounting and Auditing》2013年第10期1354-1365,共12页现代会计与审计（英文版）

摘　　要：The aim of this study is to examine the effects of family involvement and altruism on agency costs of equity and debt, as well on the performance of small family businesses. To achieve this objective, the authors reviewed the literature on family business. Drawing from agency theory and stewardship theory, the authors also proposed a research model that highlights the links among the variables. In so doing, this paper makes some contributions to the literature in three ways. Firstly, it takes an integrative framework that may help to explain behaviors oriented towards maximizing potential performance within a context in which pro-organizational attitudes co-exist with self-serving motivations. Secondly, it advances the understanding of corporate governance mechanisms in small family businesses, and finally, it deepens the discussion of prior research by advancing a set of propositions based on two theoretical approaches. Thus, the authors believe that a systematic comparison of different contexts provides new insights into small family business governance. The implications and directions for future research are in the last section.

关 键 词：agency problems family involvement ALTRUISM small firms PERFORMANCE 

分 类 号：F276.5[经济管理—企业管理] F270[经济管理—国民经济]