Resource Mobilization and Performance in Family and Nonfamily Businesses in the United Kingdom
基于代理理论和资源基础观，研究英国家族企业与非家族企业在资本部署上的差异，发现家族企业虽面临逆向选择和机会主义等问题，但社会资本优势弥补了人力与财务资本的不足，使绩效与非家族企业相当。
This study draws on agency theory and the resource-based view to hypothesize that family and nonfamily businesses differ in the capital that they deploy and the way that they deploy it. It, and test this hypothesis in a large U.K.-based sample of 319 family business and 258 nonfamily business owner/managers. The analysis revealed that adverse selection, opportunism, and niche marginalization are more prevalent among family business owner/managers. Yet, their businesses are similar to those of their nonfamily business peers in performance outcomes such as size and growth, which suggests that weaknesses in human and financial capital choice are offset by strengths in the social capital of family firms.