How Family Firms Solve Intra–Family Agency Problems Using Interlocking Directorates: An Extension
比较了家族与非家族企业的代理成本,并提出连锁董事如何解决家族企业内部代理问题的新命题。
This commentary makes two contributions to a better understanding of interlocking directorates in family firms. First, we compare agency costs in family and nonfamily firms. Second, we present additional propositions on how interlocking directorates address agency issues in family firms.