publication . Part of book or chapter of book . Other literature type . 2015

Behavioural agency theory and the family business

Name: Behavioural agency theory and the family business
Creator: Gershon Kumeto
Keywords: business and management, entrepreneurship, family business, organisational behaviour, organisation studies, Business Administration, Företagsekonomi

Gershon Kumeto;

Open Access English

Published: 01 Jan 2015

Publisher: Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Företagsekonomi

Country: Sweden

Summary

Abstract

The behavioural agency theory was developed to provide a more comprehensive explanation and prediction of managerial risk taking, in response to some shortcomings of agency theory. In general, the theory offers explanations of why decision makers prefer some strategic choices to others. The use of behavioural agency theory in family business research has, however, been very limited. Family business scholars recently adapted this theory to construct the family business variant, the ‘socioemotional wealth’ construct, which offers better explanations for the risk taking and decision making behaviours of family firms. This chapter provides an overview of behavioural...

doi: 10.4337/9781783479665.00012

Subjects

free text keywords: business and management, entrepreneurship, family business, organisational behaviour, organisation studies, Business Administration, Företagsekonomi, Risk taking, Management, Principal–agent problem, Public relations, business.industry, business

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