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Keywords: Agency theory
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Journal Articles
Journal of Family Business Management (2026) 16 (2): 481–502.
Published: 17 September 2025
.... By exploring these dynamics – particularly through the lens of agency theory – the research aims to deepen our understanding of how family generations and control influence governance and shareholder rights in family firms. Design/methodology/approach Using a panel dataset of 748 firm-year observations...
Journal Articles
Female directors' representation and firm carbon emissions performance: does family control matter?
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Journal of Family Business Management (2025) 15 (3): 517–533.
Published: 15 August 2024
... approach of this study is based on multiple theoretical frameworks: the agency theory and the resource dependence theory. This approach enables us to identify the importance of women directors and family control in improving firms' environmental performance. Despite the important participation...
Journal Articles
Reducing agency costs through recruitment: staffing referrals and family business success
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Journal of Family Business Management (2024) 14 (1): 103–119.
Published: 25 July 2023
... in the relationship between family firm essence and firm performance. Originality/value This study draws on agency theory to shed light on how family firms successfully bring nonfamily employees into the fold despite their human resource limitations. The results extend theory on family businesses by demonstrating...
Journal Articles
Interlocking directorates and family firm performance: an emerging market’s perspective
Available to PurchaseKaren Watkins-Fassler, Lázaro Rodríguez-Ariza, Virginia Fernández-Pérez, Guadalupe del Carmen Briano-Turrent
Journal of Family Business Management (2024) 14 (1): 45–63.
Published: 03 July 2023
... objectives, which mitigates the positive effect of interlocks on performance. These findings contrast with the insignificant effects of COB interlocks found for non-family corporates. Originality/value A new framework is proposed which, through agency theory, finds points of concordance among resource...
Journal Articles
Do CEO duality and expertise affect earnings management behavior? The moderating effect of family ownership
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Journal of Family Business Management (2023) 13 (4): 1392–1409.
Published: 29 May 2023
.... Specialized literature supported by agency theory (Jensen and Meckling, 1976 ; Jensen, 1986) qualifies this act as earnings management. Earnings management, upward or downward, involves the use of accounting methods (e.g. inventory methods, estimation of depreciation and provisions) authorized by standards...
Journal Articles
The contribution of the external director for Brazilian private family business: a generational approach
Available to PurchaseSusana Sales da Silva Campos, Cláudio Antônio Pinheiro Machado Filho, Raquel Sales da Silva Costa, Lucas dos Santos-Costa
Journal of Family Business Management (2022) 12 (4): 981–998.
Published: 08 July 2021
... Silva Campos can be contacted at: susanasalessilva@gmail.com 03 05 2021 07 06 2021 17 06 2021 © Emerald Publishing Limited 2021 Emerald Publishing Limited Licensed re-use rights only Agency theory Family business Resource-based view Resource dependence theory Board...
Journal Articles
Family firms propensity to lean innovation in the emerging economy: a moderating role of executive's compensation
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Journal of Family Business Management (2021) 11 (1): 32–50.
Published: 08 April 2020
... the relationship between steward-manager and principal (Davis et al., 1997). Similar to agency theory, it also deals with the relationship concerning governance as well as behavioral perspective. Unlike the agency theory, stewardship theory provides the humanistic model instead of an economic model...
Journal Articles
Women’s management practices and performance in rural female-owned family businesses
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Journal of Family Business Management (2017) 7 (2): 134–150.
Published: 10 July 2017
.... Whitney Peake can be contacted at: whitney.peake@wku.edu 02 06 2016 21 10 2016 07 03 2017 The remainder of the paper is organized as follows. First, we address the role of agency theory in strategic management, management practice implementation, and goal setting for family...
Journal Articles
Innovation and family firms: ability and willingness and German SMEs
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Journal of Family Business Management (2016) 6 (3): 251–269.
Published: 10 October 2016
... – alongside numerous moderators commonly used in innovation research – several family firm definitions. Given the censored nature of the endogenous variable chosen, a Tobit model is used. Findings Drawing upon agency theory and the ability and willingness paradox in family firm innovation, it finds family...
Journal Articles
Do family-managed and non-family-managed firms internationalize differently?
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Journal of Family Business Management (2016) 6 (3): 330–349.
Published: 10 October 2016
...Ilan Avrichir; Raquel Meneses; Agnaldo Antonio dos Santos Purpose Although the concepts of family business, internationalization, and agency theory have received some attention in the relevant literature, these concepts and theories have been used independently. The purpose of this paper...
