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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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Block, Jörn (Autor)
Autor Corporativo: SpringerLink (Online service)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Wiesbaden : Gabler Verlag : Imprint: Gabler Verlag, 2009.
Edición:1st ed. 2009.
Colección:Innovation und Entrepreneurship,
Temas:
Acceso en línea:Texto Completo

MARC

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245 1 0 |a Long-term Orientation of Family Firms  |h [electronic resource] :  |b An Investigation of R&D Investments, Downsizing Practices, and Executive Pay /  |c by Jörn Block. 
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264 1 |a Wiesbaden :  |b Gabler Verlag :  |b Imprint: Gabler Verlag,  |c 2009. 
300 |a XXI, 250 p. 23 illus.  |b online resource. 
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490 1 |a Innovation und Entrepreneurship,  |x 2627-1184 
505 0 |a 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. 
520 |a 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. 
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