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RUP
FAMNIT - Faculty of Mathematics, Science and Information Technologies
FHŠ - Faculty of Humanities
FM - Faculty of Management
FTŠ Turistica - Turistica – College of Tourism Portorož
FVZ - Faculty of Health Sciences
IAM - Andrej Marušič Institute
PEF - Faculty of Education
UPR - University of Primorska
ZUP - University of Primorska Press
COBISS
University of Primorska, University Library - all departments
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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:
3025
Downloads:
83
Metadata:
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Secondary language
Language:
English
Keywords:
managerial responsibility
,
long-term orientation
,
family-controlled firms
,
stewardship
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