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Franks, J., Mayer, C., Volpin, P., et al. (2012). The Life Cycle of Family Ownership: International Evidence. The Review of Financial Studies, 25, 1675-1712.

has been cited by the following article:

• TITLE: Agency Costs in Family Business: A Review

  AUTHORS: Shuran Li, Xiaode Zuo

  KEYWORDS: Family Firms, Agency Cost, Altruism, Governance Mechanism

  JOURNAL NAME: Journal of Service Science and Management, Vol.13 No.2, April 28, 2020

  ABSTRACT: Family business occupies an important position in the national economy of all countries in the world. The theoretical field has always been controversial about the agency costs of family businesses. This article reviews the agency conflicts in family businesses and the resulting agency costs. Relevant literature found the particularity and complexity of agency costs for family businesses. Finally, we proposed an agenda for future research.