Ownership Preferences, Competitive Heterogeneity, and Family-Controlled Businesses
建立模型分析所有权集中度和所有者偏好如何产生资源与能力，进而提升企业利润，并解释成功家族控制企业与其他企业的差异。
This article models ownership concentration, owner preferences, and competitive advantage. It argues that ownership structure and owner preferences can give rise to resources and capabilities that increase firm profits. The model is then used to explain how successful family-controlled businesses (FCBs) differ from firms with less concentrated ownership and less successful FCBs. Because of their ownership concentration and reduced monitoring costs, many FCBs will have a resource surplus. That surplus and the tendency toward long-term investment among some FCBs create unique competitive opportunities under conditions we specify.