The Importance of Family Firm Trusts in Family Firm Governance
研究了信托在家族企业中的治理作用，构建了董事会与受托人不同配置对家族企业寿命和效率影响的类型学，并指出治理机制需随家族生命周期调整。
We explore the governance role of trusts in family firms and develop a typology that maps different configurations of boards and trustees with the longevity and efficiency of family firms. Suggestions are given for the proposed effects of these configurations, and comparisons are made with Carney, Gedajlovic, and Strike's “dead money” discussion. Recognition is given to the fact that the dynamics of family firms is inextricably linked to the life cycle of families, and that governance mechanisms need to react to changes and developments during the life cycle if the family firm is to be conserved.