| Document Type
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BL
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| Record Number
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953907
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| Doc. No
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b708277
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| Main Entry
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Block, Joern.
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| Title & Author
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Long-term orientation of family firms : : an investigation of R D investments, downsizing practices, and executive pay /\ Joern Block ; with a foreword by Joachim Henkel.
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| Edition Statement
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1st ed.
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| Publication Statement
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Wiesbaden :: Gabler Verlag / GWV Fachverlage,, ©2009.
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| Series Statement
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Gabler research : Innovation und Entrepreneurship
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| Page. NO
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1 online resource (xxi, 250 pages) :: illustrations
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| ISBN
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3834984124
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: 9783834984128
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3834919594
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9783834919595
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| Bibliographies/Indexes
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Includes bibliographical references.
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| Contents
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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.
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| Abstract
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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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| Subject
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Family-owned business enterprises.
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Affaires.
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Economie de l'entreprise.
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| Subject
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Family-owned business enterprises.
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| Subject
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Science économique.
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| Subject
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Family-owned business enterprises.
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| Dewey Classification
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658/.04
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| LC Classification
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HD62.25.B563 2009
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| NLM classification
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F276. 5clc
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