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

Author

Listed:
  • Durand, Rodolphe

    ()

  • Lubatkin, Michael H.

    ()

Abstract

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.

Suggested Citation

  • Durand, Rodolphe & Lubatkin, Michael H., 2006. "The missing lens in family firm governance theory: a self-other typology of parental altruism," Les Cahiers de Recherche 839, HEC Paris.
  • Handle: RePEc:ebg:heccah:0839
    as

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    File URL: http://www.hec.fr/var/fre/storage/original/application/454d2972b9af95a70411de6be0d9887d.pdf
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    References listed on IDEAS

    as
    1. 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 1165-1182, December.
    2. Becker, Gary S, 1974. "A Theory of Social Interactions," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1063-1093, Nov.-Dec..
    3. Bergstrom, Theodore C, 1995. "On the Evolution of Altruistic Ethical Rules for Siblings," American Economic Review, American Economic Association, vol. 85(1), pages 58-81, March.
    4. 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 301-325, June.
    5. Pollak, Robert A, 1988. "Tied Transfers and Paternalistic Preferences," American Economic Review, American Economic Association, vol. 78(2), pages 240-244, May.
    6. repec:hrv:faseco:30747162 is not listed on IDEAS
    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. Rafael La Porta & Florencio Lopez-De-Silanes & Andrei Shleifer, 1999. "Corporate Ownership Around the World," Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
    9. 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 1138-1159, October.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    family firms; parental altruism; governance;

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm

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