Managerial long-term responsibility in family-controlled firms

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

managerial responsibility;long-term orientation;family-controlled firms;stewardship;

Data

Language:	English
Year of publishing:	2013
Typology:	1.04 - Professional Article
Organization:	UP - University of Primorska
UDC:	005.5:334.722.24
COBISS:	4775895
ISSN:	1854-4231
Parent publication:	Management
Views:	2768
Downloads:	82
Average score:	0 (0 votes)
Metadata:

Other data

Secondary language:	Slovenian
Secondary keywords:	managerji;odgovornost;oskrbništvo;družinska podjetja;
URN:	URN:NBN:SI
Type (COBISS):	Not categorized
Pages:	str. 93-107, 175
Volume:	ǂVol. ǂ8
Issue:	ǂno. ǂ2
Chronology:	summer 2013
Keywords (UDC):	science and knowledge;organization;computer science;information;documentation;librarianship;institutions;publications;znanost in znanje;organizacije;informacije;dokumentacija;bibliotekarstvo;institucije;publikacije;prolegomena;fundamentals of knowledge and culture;propaedeutics;prolegomena;splošne osnove znanosti in kulture;management;menedžment;management operations;direction;postopki menedžmenta;usmeritev;social sciences;družbene vede;economics;economic science;ekonomija;ekonomske vede;forms of organization and cooperation in the economy;oblike organiziranja in sodelovanja v gospodarstvu;
ID:	1492611