Risk-taking behavior in private family firms: the role of the non-family CEO

Conference object English OPEN
Huybrechts, Jolien; Voordeckers, Wim; Lybaert, Nadine; Vandemaele, Sigrid;
(2011)
  • Publisher: Fotograf & lvthns
  • Subject: risk taking, family firms, non-family firm CEO, agency theory, psychological ownership

This paper studies the risk-taking behavior of private family firms in general as well as variations in risk-taking behavior among the group of family firms. We use the agency perspective to theoretically argue that the usually high degree of coupling of ownership and m... View more
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