Trends and Directions in the Development of a Strategic Management Theory of the Family Firm.
Entrepreneurship: Theory and Practice 2005, Sept, 29, 5
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Publisher Description
This article provides a review of important trends in the strategic management approach to studying family firms: convergence in definitions, accumulating evidence that family involvement may affect performance, and the emergence of agency theory and the resource-based view of the firm as the leading theoretical perspectives. We conclude by discussing directions for future research and other promising approaches to inform the inquiry concerning family business. Introduction
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