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Keywords: Family business
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Journal Articles
Journal:
Accounting Research Journal
Accounting Research Journal (2019) 32 (2): 273–294.
Published: 01 July 2019
... are better aligned in a family business, the family owners’ interests may also be aligned with those of minority shareholders. When the family owners hold a large portion of the company shares, they bear more of the consequences if the firm does not do well (Jensen and Meckling, 1976). Therefore, family...
