Long-term Orientation of Family Firms
Recently, firms have been criticized for focusing too strongly on the short term and for neglecting investments in assets and capabilities required for long-term success, such as investments in R&D or in employee training. Family firms are considered to be different. They are commonly assumed to be more long-term oriented than comparable non-family firms. Joern Block analyzes this phenomenon in more detail and investigates whether and under which conditions family firms pursue more long-term oriented strategies than other firms. To this end, he compares R&D activities, downsizing practices and executive compensation of family firms with those of non-family firms. He also develops a theoretical model of how to pay a non-family manager who works in a family firm.
| Autor: | Block, Jörn |
|---|---|
| ISBN: | 9783834919595 |
| Sprache: | Englisch |
| Seitenzahl: | 250 |
| Produktart: | Kartoniert / Broschiert |
| Verlag: | Betriebswirtschaftlicher Verlag Gabler |
| Veröffentlicht: | 27.10.2009 |
| Untertitel: | An Investigation of R&D Investments, Downsizing Practices, and Executive Pay |
| Schlagworte: | Downsizing Executive compensation Innovation Long-term orientation family firms strategy |
Dr. Joern Block is a researcher at the Schöller Chair in Technology and Innovation Management at Technische Universität München. His research focuses on innovation, entrepreneurship, and family firms.