“…The conceptual model is composed of concepts and constructs drawn from previous research. It is broken down into three levels Level I, referred to as governance corresponds to the different concepts that concretize the agency relationships between family, owners and managers: delegation of power, management systems, family council, board of directors, board of management, mode of professional relationship, training plan and risk taking (Allouche & Amann, 2002;Ampenberger, Schmid, Achleitner, & Kaserer, 2013;Arrègle & Mari, 2010;Bauweraerts & Colot, 2013;Bentebbaa, Pacitto, Louitri, & Abdoune, 2018;Chrisman, Chua, De Massis, Minola, & Vismara, 2016;Gallo, Tàpies, & Cappuyns, 2004;Michiels & Molly, 2017;Sharma, Chrisman, & Gersick, 2012). Level II, called family, consists of eight constructs namely: the percentage of capital held, the professional relationships of the leader, the level of education of the employees, the level of education of the leader, the age of the leader, the professional experience, the family conflicts and the recruitment procedures (Amann, Berger, Gattaz, & Monassier, 2011;Steier, Chrisman, & Chua, 2015); in a third, altruism on the work of Barney (2014) and Louis and Filion (2011).…”