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| Author: | Harris, L.C. Ogbonna, E. |
| Title: | Ownership and control in closely-held family-owned firms: an exploration of strategic and operational control |
| Journal: | British Journal of Management
2007 : MAR, VOL. 18:1, p. 5-26 |
| Index terms: | company control company ownership family firms |
| Language: | eng |
| Abstract: | Much of the previous research on the divorce of ownership and control either focuses on the propensity for the separation of decision functions or upon scrutinizing conceptions, gauges or the practicalities of organizational control in large corporations. Although far from equivocal, such research appears broadly to concur that where ownership is dispersed, de facto control is likely to be exerted by management and that where ownership is closely-held, de facto as well as legal control is exerted by owners. This study examines this assumption through exploring the nature of control in a closely-held family business. |
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