Long-term Orientation of Family Firms

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Sprache: Englisch

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Beschreibung

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.

Über den Autor

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.

Zusammenfassung

Inhaltsverzeichnis

Family firms.- Long-term orientation of firms.- Data and method.- Performance of family firms.- Family firms and R&D spending.- Family firms and employment downsizing.- Family firms and executive pay.- Executive pay in family firms: a principal-agent model.- Summary, implications, and outlook.

Erscheinungsjahr:	2009
Fachbereich:	Betriebswirtschaft
Genre:	Recht , Sozialwissenschaften , Wirtschaft
Rubrik:	Recht & Wirtschaft
Medium:	Taschenbuch
Reihe:	Innovation und Entrepreneurship
Inhalt:	xxi 250 S. 23 s/w Illustr. 250 p. 23 illus.
ISBN-13:	9783834919595
ISBN-10:	3834919594
Sprache:	Englisch
Einband:	Kartoniert / Broschiert
Autor:	Block, Jörn
Hersteller:	Gabler Verlag Betriebswirtschaftlicher Verlag Dr. Th. Gabler Innovation und Entrepreneurship
Verantwortliche Person für die EU:	Springer Gabler in Springer Science + Business Media, Tiergartenstr. 15-17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße:	210 x 148 x 17 mm
Von/Mit:	Jörn Block
Erscheinungsdatum:	27.10.2009
Gewicht:	0,398 kg