A stronger long-term orientation is considered a competitive advantage of family firms relative to non-family firms. In this study, we use panel data of U.S. firms and analyze this proposition. Our findings are surprising. Only in when the family is involved in the management of the firm is the...

The relationship between CEO pay and performance has been much analyzed in themanagement and economics literature. This study analyzes the structure of executivecompensation in family and non-family firms. In line with predictions of agency theory, it isfound that the share of base salary is...

SFB 649 Discussion Paper 2008-023 Family Management, Family Ownership and Downsizing: Evidence from S&P 500 Firms Jörn Hendrich Block* * Technische Universität München, Germany This research was supported by the Deutsche Forschungsgemeinschaft...

SFB 649 Discussion Paper 2008-033 Are CEOs in Family Firms Paid Like Bureaucrats? Evidence from Bayesian and Frequentist Analyses Jörn Hendrich Block* * Technische Universität München, Germany This research was supported by the Deutsche...

The relationship between CEO pay and performance has been much analyzed in the management and economics literature. This study analyzes the structure of executive compensation in family and non-family firms. In line with predictions of agency theory, it is found that the share of base salary is...

Little is known about the relationship between family firms and their employees. This paper aims to close this gap. We distinguish between family management and family ownership as two dimensions of family firms and analyze their respective influence on downsizing. Our findings show that family...

Network externalities spur the growth of networks and the adoption of network goods intwo ways. First, they make it attractive to join a network with a large installed base.Second, they make it attractive for network members to actively recruit new members.Despite indications that this “peer...

Using data from the German Socio-Economic Panel Study (GSOEP), we analyze whethernecessity entrepreneurs differ from opportunity entrepreneurs in terms of self-employmentduration. Using univariate statistics, we find that opportunity entrepreneurs remain in selfemploymentlonger than necessity...

Innovativität als Kriterium bei Venture-Capital-Investitionsentscheidungen Die Innovativität eines Gründungsvorhabens ist ein wichtiges Kriterium für Venture-Capital-Geber bei der Beteiligungsprüfung, jedoch weder konzeptionell noch durch Messungen leicht zu erfassen. Trotz dessen hoher...

A stronger long-term orientation is considered a competitive advantage of family firms relative to non-family firms. In this study, we use panel data of U.S. firms and analyze this proposition. Our findings are surprising. Only in when the family is involved in the management of the firm is the...