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Abstract

The goal of this thesis is to analyze the performance and long-term orientation of family firms. Yet, before I can proceed with the empirical analysis of this topic in Chapters 5 to 8, some basic knowledge about family firms is required. This chapter summarizes what is known about family firms, focusing on research regarding the definition of a family firm (Section 2.1), the concept of family influence (Section 2.2) and theories that are used to explain the behavior and performance of family firms (Section 2.3).

Keywords

Corporate Governance Family Firm Agency Cost Agency Theory Minority Shareholder 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Gabler | GWV Fachverlage GmbH 2009

Authors and Affiliations

  • Joern Block

There are no affiliations available

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