家族企业绩效研究分歧及其整合
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外国经济与管理 2008 年 第 30 卷第 09 期, 页码：34 - 39
摘要
参考文献
摘要
本文总结了国外家族企业绩效研究的分歧,并运用代理理论和资源观理论对这些分歧进行了整合。家族导向五因素会影响家族涉入强度,而家族涉入会对企业绩效产生双重影响。依据代理成本和企业资源两个维度,家族企业可分为宗族、夫妻、职业和自利四种类型。相关研究表明宗族型家族企业和职业型家族企业的绩效比非家族企业好,自利型家族企业的绩效比非家族企业差,而夫妻型家族企业与非家族企业绩效比较的结果难以确定。
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[2]Maury,B.Family ownership and firm performance:Empirical evidence from Western European corporations[J].Journal of Corporate Finance,2006,12:321-341.
[3]Lee,J.Family firm performance:Further evidence[J].Family Business Review,2006,19:103-114.
[4]Anderson,R C,and Reeb,D M.Founding-family ownership and firm performance:Evidence from the S&P500[J].Journal of Finance, 2003,58:1 301-1 328.
[5]McConaughy,D,Matthews,C,and Fialko,A S.Founding family controlled firms:Efficiency,risk,and value[J].Journal of Small Busi- ness Management,2001,39(1):31-50.
[6]Jaskiewicz,P,Gonzalez,V,Menendez,S,and Schiereck,D.Long-run IPO performance analysis of German and Spanish family-owned businesses[J].Family Business Review,2005,18(3):179-202.
[7]Gomez-Mejia,L R,Larraza-Kintana,M,and Makri,M.The determinants of executive compensation in family-controlled public corpo- rations[J].Academy of Management Journal,2003,46(2):226-237.
[8]Gallo,G A,Tapies,J,and Cappuyns,K.Comparison of family and non-family business:Financial logic and personal preferences[R]. IESE Research Paper,University of Navarra,2000.
[9]Miller,D,Breton-Miller,I L,Lester,RH,and Cannella,A A.Are family firms really superior performers?[J].Journal of Corporate Finance,2007,13:829-858.
[10]Chrisman,J J,Chua,J H,and Litz,R A.Comparing the agency cost of family and non-family firms[J].Entrepreneurship Theory and Practice,2004,28(4):335-354.
[11]Tanewski,G A,Prajogo,D,and Sohal,A.Strategic orientation and innovation performance between family and non-family firms[R]. The World Conference of the International Council of Small Business,Monash University,2003.
[12]Dyer,W G,Jr.The family:The missing variable in organizational research[J].Entrepreneurship Theory and Practice,2003,27(4):401-416.
[13]Dyer,W G,Jr.Examining the“family effect”on firm performance[J].Family Business Review,2006,19 (4):253-273.
[14]Fama,E F,and Jensen,M C.Separation of ownership and control[J].Journal of Law and Economics,1983,26:301-325.
[15]Eaton,C,Yuan,L,and Wu,Z.Reciprocal altruism and the theory of the family firm[R].The Second Annual Conference on Theories of the Family Enterprise:Search for a Paradigm,Philadelphia,2002.
[16]van den Berghe,L,and Carchon,S.Agency relations within the family business system:An exploratory approach[J].Corporate Gov- ernance International Review,2003,11(3):171-180.
[17]Schulze,W,Lubatkin,M,and Dino,R.Toward a theory of agency and altruism in family firms[J].Journal of Business Venturing, 2003,18:473-490.
[18]Sirmon,D G,and Hitt,M A.Managing resources:Linking unique resources,management,and wealth creation in family firms[J].En- trepreneurship Theory and Practice,2003,27(4):339-358.
[19]Fukuyama,F.Trust:The social virtues and the creation of prosperity[M].NewYork:Free Press,1995.
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陈建林. 家族企业绩效研究分歧及其整合[J]. 外国经济与管理, 2008, 30(9): 34–39.
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