Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - The determinants of family firms’ subcontracting: a transaction cost perspective
AU - Memili, Esra
AU - Chrisman, James J.
AU - Chua, Jess H.
AU - Chang, Erick P.C.
AU - Kellermanns, Franz W.
PY - 2011/3/1
Y1 - 2011/3/1
N2 - In this article we compare the governance choices of family and non-family firms regarding their subcontracting tendencies. Based on transaction cost theory, we argue that family firms are less likely to engage in subcontracting than non-family firms and that kinship ties, the extent to which a family firm's production activities are important, and cost minimization concerns influence the extent to which family firms utilize subcontractors. Using a sample of small, established firms, we find support for our hypotheses as well as for the use of transaction cost theory logic to explain family firm behavior.
AB - In this article we compare the governance choices of family and non-family firms regarding their subcontracting tendencies. Based on transaction cost theory, we argue that family firms are less likely to engage in subcontracting than non-family firms and that kinship ties, the extent to which a family firm's production activities are important, and cost minimization concerns influence the extent to which family firms utilize subcontractors. Using a sample of small, established firms, we find support for our hypotheses as well as for the use of transaction cost theory logic to explain family firm behavior.
KW - Transaction cost theory
KW - Family business
KW - Subcontracting
U2 - 10.1016/j.jfbs.2011.01.003
DO - 10.1016/j.jfbs.2011.01.003
M3 - Journal article
VL - 2
SP - 26
EP - 33
JO - Journal of Family Business Strategy
JF - Journal of Family Business Strategy
SN - 1877-8585
IS - 1
ER -