Problems of Agency Theory in Family Businesses Cover Image

Problemy teorii agencji w firmach rodzinnych
Problems of Agency Theory in Family Businesses

Author(s): Justyna Kołodziejczyk, Olga Samuel-Idzikowska
Subject(s): National Economy, Supranational / Global Economy, Business Economy / Management, Micro-Economics, Economic development
Published by: Społeczna Akademia Nauk
Keywords: psychological contract; family involvement in management; family business; organizational relations; agency theory;

Summary/Abstract: Nowadays, family businesses are of great importance both in Poland and in the global economy. Based on the content analysis of literature and available data, it is estimated that there are approximately 2 million family businesses in Poland. In the European Union, these companies constitute about 60 percent of all companies. In connection with the above, interest in the issues of management in this type of organization is constantly growing [Kałuża 2009, p. 49]. The main goal of this paper is to present and analyze the problems of agency theory that may occur in family businesses in two situations: when the employed agent is related with principal and when there is no relationship between them. The article has a theoretical and analytical character.

  • Issue Year: 19/2018
  • Issue No: 7.2
  • Page Range: 135-147
  • Page Count: 13
  • Language: Polish