Titlebook: How Family Firms Differ; Structure, Strategy, Sumon Kumar Bhaumik,Ralitza Dimova Book 2015 Palgrave Macmillan, a division of Macmillan Publ

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Family Firms,, storage and communication (10.4). These firms are believed to account for a significant proportion of firms both in Europe, in general, and “eyond Europe and the United States — and with the conspicuous exception of Japan — the family firm has been and continues to be the norm” (Jones and Rose, 2006, p. 1).

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Strategic Implications of Familiness,ing Figure 3.1. The interpretation of the diagram, which emphasises the agency problems that result from altruism, follows easily from the discussion in Chapter 2 and we shall discuss its implications for strategies of family firms later in this chapter.

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Familiness in Future Research,he nature of implicit and explicit contracts that characterise a family firm and have reliable proxies for these contracts, especially those within the controlling family. Recall that a firm is characterised by a set of contracts among the stakeholders (Jensen and Meckling, 1976).

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Book 2015plines. However, in part owing to increased focus on emerging markets, there is a growing literature on family firms. In How Family Firms Differ, the authors explore important aspects of family firms, drawing on the existing literature and their own research on these firms.

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hese disciplines. However, in part owing to increased focus on emerging markets, there is a growing literature on family firms. In How Family Firms Differ, the authors explore important aspects of family firms, drawing on the existing literature and their own research on these firms.978-1-349-34488-8978-1-137-47358-5

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