Home > Research > Publications & Outputs > Conflicting selves

Research

Associated organisational unit

Electronic data

  • Conflicting_selves_ET_P_2016

    Rights statement: Originally published early online by Wiley, journal moved to Sage before it was fully published. This is the peer reviewed version of the following article: De Massis, A., Kotlar, J., Mazzola, P., Minola, T. and Sciascia, S. (2016), Conflicting Selves: Family Owners' Multiple Goals and Self-Control Agency Problems in Private Firms. Entrepreneurship Theory and Practice. doi:10.1111/etap.12257 which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/etap.12257/abstract This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.

    Accepted author manuscript, 321 KB, PDF document

    Available under license: CC BY-ND: Creative Commons Attribution-NoDerivatives 4.0 International License

Links

Text available via DOI:

View graph of relations

Conflicting selves: family owners’ multiple goals and self-control agency problems in private firms

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Published
Close
More...
<mark>Journal publication date</mark>1/05/2018
<mark>Journal</mark>Entrepreneurship Theory and Practice
Issue number3
Volume42
Number of pages28
Pages (from-to)362-389
Publication StatusPublished
Early online date11/10/16
<mark>Original language</mark>English

Abstract

This study examines the self-control agency problems associated with family ownership in private firms. Theorizing that family owners’ inner conflicts between economic and non-economic goals lead to competing preferences in the allocation of financial resources, we predict that the relationship between financial slack and firm profitability is contingent on factors that increase the potential salience of either economic or non-economic goals for family owners. Accordingly, our findings suggest that self-control is a separate source of agency costs in private firms and that family ownership is not as crucial as owners’ goals in predicting the impact of financial slack on firm profitability.

Bibliographic note

This is the peer reviewed version of the following article: De Massis, A., Kotlar, J., Mazzola, P., Minola, T. and Sciascia, S. (2016), Conflicting Selves: Family Owners' Multiple Goals and Self-Control Agency Problems in Private Firms. Entrepreneurship Theory and Practice. doi:10.1111/etap.12257 which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/etap.12257/abstract This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.