Agency Costs, Family Ties, and Firm Efficiency

被引：37
|
作者：
Herrero, Ines [1 ]
机构：
[1] Univ Pablo de Olavide, Dept Business Management, Seville 41011, Spain
来源：
JOURNAL OF MANAGEMENT | 2011年 / 37卷 / 03期
关键词：
business management; fisheries; agency theory; efficiency; stochastic frontiers; family firms; family contracting; agency costs; DATA ENVELOPMENT ANALYSIS; TECHNICAL EFFICIENCY; PERFORMANCE; OWNERSHIP; BUSINESSES; FISHERIES;
D O I：
10.1177/0149206310394866
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this work, the author analyzes agency costs and their effect on efficiency in the context of small family firms. In particular, the author examines the effect that factors such as self-management, having related managers, and family employees exert on firm efficiency. The author offers some reasoning that may help to clarify agency problems for small firms. The author uses stochastic frontiers to measure and explain efficiency. The author's focus is on small firms in the fishing sector, which are very important entities for the development of certain local communities.
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页码：887 / 904
页数：18
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