Managerial long-term responsibility in family-controlled firms

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Title:	Managerial long-term responsibility in family-controlled firms
Authors:	ID Sternad, Dietmar (Author)
Files:	http://www.fm.upr.si/zalozba/ISSN/1854-4231/8_093-107.pdf
Language:	English
Work type:	Not categorized
Typology:	1.01 - Original Scientific Article
Organization:	UPR - University of Primorska
Abstract:	Evidence suggests that long-term orientation (lto) as a dominant strategic logic contributes to the sustainable performance of family-controlled firms (fcfs). Combining a review of the literature on lto with stewardship theory and upper echelons theory reasoning, this article presents a typology of managerial responsibility and introduces the concept of long-term responsibility as a managerial characteristic constituting a major driving force behind creating lto. The antecedents of long-term responsibility under family firm-specific conditions (stemming from the family system, the governance system, and family-firm managers personal characteristics) are also identified and presented in an integrated model. The paper contributes to a more comprehensive understanding of intertemporal choice in fcfs and explains why they tend to be more long-term oriented than other types of firms.
Keywords:	managerji, odgovornost, oskrbništvo, družinska podjetja
Year of publishing:	2013
Number of pages:	Str. 93-107
Numbering:	Leto 8, št. 2
PID:	20.500.12556/RUP-4001
ISSN:	1854-4231
UDC:	005.5:334.722.24
COBISS.SI-ID:	4775895
Publication date in RUP:	15.10.2013
Views:	3001
Downloads:	83
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