776552 FBRXXX10.1177/0894486518776552Family Business ReviewJaskiewicz and Neubaum research-article2018 Commentary Family Business Review 2018, Vol. 31(2) 227 –228 © The Author(s) 2018 Agents, Stewards, and Capabilities: Reprints and permissions: sagepub.com/journalsPermissions.nav A Review https://doi.org/10.1177/0894486518776552 DOI: 10.1177/0894486518776552 journals.sagepub.com/home/fbr 1 2 Donald O. Neubaum and Peter Jaskiewicz firm (i.e., financial conservativism, reputation, and social Overview capital building) and steps to preserve the tacit knowl- Relying on stewardship and agency theory arguments, edge that exists within the family and the firm (i.e., exec- Miller and Le Breton-Miller (2006) developed 15 prop- utive apprenticeships, and building a stable, loyal top ositions focused on the relationship between four dimen- management team and strong corporate culture). sions of family business governance (i.e., the level and mode of family ownership, family leadership, the Impact involvement of family members in the business, and the planned or actual participation of later generations in the As of April 3, 2018, the 2006 article by Miller and Le family business) and the development of key resources Breton-Miller has garnered the impressive number of and capabilities (e.g., R&D, patient capital, long-term 910 citations, according to Google Scholar. The interest orientation, reputation, and social capital) and subse- in and prominence of the article has grown
Family Business Review – SAGE
Published: Jun 1, 2018
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