How Family Involvement Controls the Affect of Altruism and Entrenchment within Family Firms
نویسندگان
چکیده
Prior studies on family business, have found both positive as well as negative affects of altruism and entrenchment on firm performance. Drawing on theoretical underpinnings of resource based view, stewardship theory, and agency theory; we explain how ‘family involvement’ acts as a moderator in contingently explaining positive and negative effects of altruism and entrenchment on family firm performance. Specifically, using non-linear regression technique on a sample of 663 family firms, we explain the ‘inverted-U’ relationship of altruism and entrenchment on family firm performance.
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