An Empirical Examination of Ownership Structure in Family and Professionally Managed Firms
通过实地调查比较家族所有并管理企业与职业管理企业在结构、流程和绩效上的差异，发现前者因所有权与控制权统一而表现出绩效优势。
The literature applying agency theory to management has focused on the performance advantages to be gained when ownership and control of the firm are aligned. This article investigates that premise by comparing family-owned and -managed and professionally managed firms. The article presents the results of a field survey that examined the extent to which family-owned and -managed firms differ across structural, process, and performance dimensions from their professionally managed counterparts. Significant differences exist between these two groups on both structural and process dimensions, and there is evidence that family-owned and -managed firms exhibit performance advantages as a result of the unification of ownership and control.