Multiple agency perspective, family control, and private information abuse in an emerging economy

Filatotchev, Igor; Zhang, Xiaoxiang; Piesse, Jenifer

doi:10.1007/s10490-010-9220-x

Cited by 65 publications

(65 citation statements)

References 92 publications

(97 reference statements)

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“…From a principalagent perspective, PIs are acting as an agent for all actors within the entrepreneurial ecosystem, what leads to multiple agency roles. This circumstance requires the consideration of multiple governance roles of the PI in the entrepreneurial ecosystem and consequently the existence of different sets of agency costs (Filatotchev et al 2011). PIs are agents in response of the overall project, assigned and contracted to balance interests and competing claims within the ecosystem.…”

Section: Multiple-principal Agent Relationships and The Costs And Benmentioning

confidence: 99%

Entrepreneurial ecosystem governance: a principal investigator-centered governance framework

2017

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Research on entrepreneurial ecosystems has largely taken a macro-perspective to better conceptualize and map the determinants and evolution of entrepreneurial ecosystems, yet has neglected the micro-level interactions of various entrepreneurial ecosystem actors. Recent criticisms of entrepreneurial ecosystems have centered on the lack of explicit case and effect relationships, attribution, units of analysis, the different use of network definitions as well as the static nature of existing frameworks. The purpose of our paper is to present a micro level principal investigator (PI)-centered governance framework that addresses these posited criticisms and in doing so identifies the value creation indicators (benefits), PI capabilities, the problem categories (costs), and solving mechanisms that PIs can use to govern effectively and efficiently large-scale publicly funded research programs. In leading such research programs, PIs interact with different actors within entrepreneurial ecosystems and manage governance issues, conflicts, and tensions effectively at the micro level to deliver the anticipated benefits and costs for each actor. Our framework provides the basis for future empirical research on entrepreneurial ecosystem as we have attributed cause and effect at an individual actor level and conceptualized the governance challenges at a micro rather than at the macro level that overcomes the static nature of previous frameworks.

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Section: Multiple-principal Agent Relationships and The Costs And Benmentioning

confidence: 99%

Entrepreneurial ecosystem governance: a principal investigator-centered governance framework

2017

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“…Using agency theory arguments, the vast majority of research investigating the relationship between board independence and information disclosure has suggested that a higher proportion of independent directors will lead to higher levels of voluntary disclosure (Filatotchev, Zhang, & Piesse, 2011). Independent directors provide the compulsory checks of corporate financial and operational information and may thus have greater incentives than inside directors to encourage companies to disclose more information to outside stakeholders (Fama & Jensen, 1983).…”

Section: Board Independencementioning

confidence: 99%

Corporate governance and information transparency in Taiwan’s public firms: The moderating effect of family ownership

Liu

Valenti

Chen

2016

Journal of Management & Organization

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This study incorporates insights from both institutional and family socioemotional wealth perspectives with agency theory to examine the relationships among governance practices, family ownership, and information disclosure quality. Employing a sample of 516 publicly listed firms in Taiwan over a period of 5 years (2006)(2007)(2008)(2009)(2010), we found that high levels of board independence and board activity have a significant positive effect on disclosure quality. Further, family ownership positively moderated the relationship between board independence and disclosure quality. This relationship is stronger with a higher level of family ownership. The results support the institutional proposition that family-owned firms that pursue socioemotional wealth are more likely to promote information transparency to gain legitimacy and enhance their reputations with outside stakeholders.

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“…On the other hand, some scholars have found hardly any differences between FBs and NFBs [7,39], have even confirmed that NFBs performed better than family owned firms. Whereas [61,62], suggest that family management has a positive effect on profitability, other authors such as Barth [58,[63][64][65][66] found that firms with family members who serve as managers underperform firms that are managed by outside managers.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Factors of Family Business on the Performance: A PLS-SEM Study

Motwani¹

2016

J Entrepren Organiz Manag

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Multiple agency perspective, family control, and private information abuse in an emerging economy

Abstract: Multiple agency perspective, Family control, Private information risk, Emerging economy, Hong Kong, D82, G14, G34,

Cited by 65 publications

References 92 publications

Entrepreneurial ecosystem governance: a principal investigator-centered governance framework

Entrepreneurial ecosystem governance: a principal investigator-centered governance framework

Corporate governance and information transparency in Taiwan’s public firms: The moderating effect of family ownership

Impact of Factors of Family Business on the Performance: A PLS-SEM Study

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