Chen, Ming-Yuan; Chiu, Wei-Ting - In: CESifo economic studies : CESifo, a joint initiative of … 63 (2017) 1, pp. 97-118
This study investigates the influence of controlling-minority ownership structures (CMSes) on the employment adjustment of firms. We propose that entrepreneur-operated CMS firms typically develop a stewardship governance structure, which relies heavily on the social and psychological context of...