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The missing lens in family firm governance theory: a self-other typology of parental altruism

  • Durand, Rodolphe

    ()

  • Lubatkin, Michael H.

    ()

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    In this paper, the authors derive a typology of five parental altruistic archetypes that exhausts the possible altruistic influences in the governance at family firms. They argue that when taken in concert, these five types comprise a more balanced explanation of the cross-sectional variance in the governance efficiency of these firms and therefore can better explain why some family firms are more able than others to capitalize on the family governance's positive attributes.

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    File URL: http://www.hec.fr/var/fre/storage/original/application/454d2972b9af95a70411de6be0d9887d.pdf
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    Paper provided by HEC Paris in its series Les Cahiers de Recherche with number 839.

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    Length: 28 pages
    Date of creation: 18 Feb 2006
    Date of revision:
    Handle: RePEc:ebg:heccah:0839
    Contact details of provider: Postal: HEC Paris, 78351 Jouy-en-Josas cedex, France
    Web page: http://www.hec.fr/

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    1. Gary S. Becker, 1974. "A Theory of Social Interactions," NBER Working Papers 0042, National Bureau of Economic Research, Inc.
    2. Bergstrom, Theodore C, 1989. "A Fresh Look at the Rotten Kid Theorem--and Other Household Mysteries," Journal of Political Economy, University of Chicago Press, vol. 97(5), pages 1138-59, October.
    3. Ted Bergstrom, . "On the Evolution of Altruistic Ethical Rules for Siblings," Papers _023, University of Michigan, Department of Economics.
    4. Pollak, Robert A, 1988. "Tied Transfers and Paternalistic Preferences," American Economic Review, American Economic Association, vol. 78(2), pages 240-44, May.
    5. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-25, June.
    6. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 1998. "Corporate Ownership Around the World," Harvard Institute of Economic Research Working Papers 1840, Harvard - Institute of Economic Research.
    7. Fama, Eugene F. & Jensen, Michael C., 1985. "Organizational forms and investment decisions," Journal of Financial Economics, Elsevier, vol. 14(1), pages 101-119, March.
    8. Lindbeck, Assar & Weibull, Jorgen W, 1988. "Altruism and Time Consistency: The Economics of Fait Accompli," Journal of Political Economy, University of Chicago Press, vol. 96(6), pages 1165-82, December.
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