Goal Tolerance, outside Investors, and Family Firm Governance
质疑家族嵌入企业必然导致代理问题的观点，提出外部投资者应评估家族企业目标与自身目标的互补性，以做出有利投资。
Le Breton–Miller and Miller argue that as the family becomes more embedded in the firm, the firm's decision makers become more susceptible to influence by the family, and agency problems rise for outside investors. We contend that the family's embeddedness in the business does not, in itself, explain whether the assumptions of agency theory are warranted. Our commentary offers an alternative way in which outside investors might look at family firms‘ goals. Outsiders should assess the complementarity of the family firm's objectives with their own if they are to make rewarding investments in family firms.