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| Author: | Gomez-Mejia, L.R. Nuñez-Nickel, M. Gutierrez, I. |
| Title: | The role of family ties in agency contracts |
| Journal: | Academy of Management Journal
2001 : FEB, VOL. 44:1, p. 81-95 |
| Index terms: | FAMILIES NEWSPAPER INDUSTRY SPAIN |
| Freeterms: | AGENCY CONTRACTS |
| Language: | eng |
| Abstract: | Drawing on data based on the entire population of Spanish newspapers over 27 years (1966-93), this study shows that firm performance and business risk are much stronger predictors of chief executive tenure when a firm's owners and its executive have family ties and that the organizational consequences of CEO dismissal are more favorable when the replaced CEO is a member of the family owning the firm. |
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