Showing 1 - 10 of 651
We study the processes of firm growth in the evolution of the Japanese cotton spinning industry during 1883-1914 by integrating strategy and historical approaches and utilizing rich quantitative firm-level data and detailed business histories. The resultant conceptual model highlights growth...
Persistent link: https://www.econbiz.de/10012916178
We present evidence on the labor supply of CEOs, and on whether family and professional CEOs differ on this dimension. We do so through a new survey instrument that allows us to codify CEOs' diaries in a detailed and comparable fashion, and to build a bottom-up measure of CEO labor supply. The...
Persistent link: https://www.econbiz.de/10013034569
"spinouts": managers of input divisions can start their own firms, making customized inputs formerly provided internally subject … lead to inefficiently low entry. Vertically integrated firms can fight back by hiring managers for their input divisions … spin out. This is shown to predict the association of co-ethnic networks with high rates of entrepreneurship and the …
Persistent link: https://www.econbiz.de/10013061777
Using a survey of 800 CEOs in 22 emerging economies we show that CEOs' management styles and philosophy vary with the control rights and involvement of the owning family and founder: CEOs of firms with greater family involvement have more hierarchical management, and feel more accountable to...
Persistent link: https://www.econbiz.de/10013063090
This paper uses a unique dataset from Denmark to investigate the impact of family characteristics in corporate decision making and the consequences of these decisions on firm performance. We focus on the decision to appoint either a family or external chief executive officer (CEO). The paper...
Persistent link: https://www.econbiz.de/10012752154
, with the "adopted son" job motivating star managers, and with the threat of displacement inducing blood heirs to invest in …
Persistent link: https://www.econbiz.de/10013128613
Family firms depend on a succession of capable heirs to stay afloat. If talent and IQ are inherited, this problem is mitigated. If, however, progeny talent and IQ display mean reversion (or worse), family firms are eventually doomed. This is the essence of the critique of family firms in...
Persistent link: https://www.econbiz.de/10013138398
Family-controlled pyramidal business groups were important in Canada early in the 20th century, amid rapid catch-up industrialization, but largely gave way to widely held free-standing firms by mid- century. In the 1970s and early 1980s – an era of high inflation, financial reversal,...
Persistent link: https://www.econbiz.de/10013011941
In this paper we study the determinants of business groups' ownership structure using unique panel data on Korean chaebols. In particular, we attempt to understand how pyramids form over time. We find that chaebols grow vertically (that is, pyramidally) as the family uses well-established group...
Persistent link: https://www.econbiz.de/10013311947
10% of boss quality with one who is in the upper 10% of boss quality increases a team's total output by more than would … adding one worker to a nine member team. Workers assigned to better bosses are less likely to leave the firm. A separate …
Persistent link: https://www.econbiz.de/10013065643