Home-based family firms, spousal ownership and business exit: a transaction cost perspective

In this study, we compare family and nonfamily firms with respect to their exit due to financial reasons. We suggest that the principal dimensions of Transaction Cost Theory (TCT) (i.e., asset specificity, risk aversion, opportunism, and trust) may underlie governance decisions such as family vs. no...

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Veröffentlicht in:	Small business economics 2020-04, Vol.54 (4), p.991-1006
Hauptverfasser:	Madanoglu, Melih, Memili, Esra, De Massis, Alfredo
Format:	Artikel
Sprache:	eng
Schlagworte:	Business and Management Companies Entrepreneurship Family owned businesses Governance Home based Home based businesses Industrial Organization Management Microeconomics Ownership Prone Risk Transaction costs
Online-Zugang:	Volltext
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