Responsible Ownership in the Family Firm: a Research Agenda and Latest Findings
Responsible Ownership in the Family Firm: a Research Agenda and Latest Findings

Summary/Abstract: The focus of this paper is the concept of responsible ownership in privately-held firms, both family and nonfamily-owned and managed. The purpose of this paper is to clarify, first of all, the meaning of responsible ownership in this context. Drawing both from the conceptual and empirical literature in family business, corporate governance, and other studies on privately-held firms, the author then presents a research framework and preliminary findings, primarily focused on the ownership behaviors, attitudes and their antecedents associated with firm performance. Included in the presentation of the framework is the application of various theories, including the resource-based view, agency theory, stewardship theory and social capital theory, to the research questions under study. The final part of the paper points out gaps and suggests directions for future research.

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