Agency Costs, Family Ties, and Firm Efficiency
分析了小型家族企业中代理成本对效率的影响，考察了自我管理、亲属经理和家族员工等因素，使用随机前沿方法测量效率，聚焦于渔业部门的小企业。
In this work, the author analyzes agency costs and their effect on efficiency in the context of small family firms. In particular, the author examines the effect that factors such as self-management, having related managers, and family employees exert on firm efficiency. The author offers some reasoning that may help to clarify agency problems for small firms. The author uses stochastic frontiers to measure and explain efficiency. The author’s focus is on small firms in the fishing sector, which are very important entities for the development of certain local communities.