Long-term Orientation of Family Firms An Investigation of R&D Investments, Downsizing Practices, and Executive Pay
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...
| Main Author: | |
|---|---|
| Format: | eBook |
| Language: | English |
| Published: |
Wiesbaden
Gabler Verlag
2009, 2009
|
| Edition: | 1st ed. 2009 |
| Series: | Innovation und Entrepreneurship
|
| Subjects: | |
| Online Access: | |
| Collection: | Springer eBooks 2005- - Collection details see MPG.ReNa |
| Summary: | 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 |
|---|---|
| Physical Description: | XXI, 250 p. 23 illus online resource |
| ISBN: | 9783834984128 |