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Long-term Orientation of Family Firms

An Investigation of R&D Investments, Downsizing Practices, and Executive Pay

  • Authors
  • Joern Block

Table of contents

  1. Front Matter
    Pages I-XXI
  2. Joern Block
    Pages 1-8
  3. Joern Block
    Pages 9-41
  4. Joern Block
    Pages 42-57
  5. Joern Block
    Pages 58-75
  6. Joern Block
    Pages 76-93
  7. Joern Block
    Pages 94-132
  8. Joern Block
    Pages 133-153
  9. Joern Block
    Pages 154-175
  10. Joern Block
    Pages 197-207
  11. Back Matter
    Pages 209-250

About this book

Introduction

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.

Keywords

Downsizing Executive compensation Innovation Long-term orientation family firms strategy

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-8349-8412-8
  • Copyright Information Gabler Verlag | GWV Fachverlage GmbH, Wiesbaden 2009
  • Publisher Name Gabler
  • eBook Packages Business and Economics
  • Print ISBN 978-3-8349-1959-5
  • Online ISBN 978-3-8349-8412-8
  • Buy this book on publisher's site
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