%0 Journal Article
%T OPPORTUNISTIC MANIA INSTIGATING AGENCY CONFLICTION: THE CRADLE OF DECAY OF FAMILY FIRMS
%A Nadeem NAZIR*
%A Safdar H. TAHIR
%A Hazoor M. SABIR
%J Journal of Organizational Behavior Research
%@ 2528-9705
%D 2018
%V 3
%N 2
%P 146-159
%X This has been a novel study for the investigation of the relationship between the opportunistic behaviour and the agency confliction prevailing in the family-owned firms. The research empirically tested the conceptual model of agency conflict, and the opportunistic behaviour (opportunism) under the umbrella of stewardship and agency theory. A sample of family firms from Pakistan Stock Exchange (PSX) was selected; and the primary data from the family directors/managers of various family listed companies was collected. The finding of the study explained a direct positive association between the opportunistic behaviour and agency confliction. The practical implications explained that the life of the family-owned business can be extended if the agency conflict is decreased, and the opportunistic behaviour is controlled by adopting the better corporate governance practices.
%U https://odad.org/article/opportunistic-mania-instigating-agency-confliction-the-cradle-of-decay-of-family-firms