Post by arfangj5 on Mar 13, 2024 9:06:42 GMT 3
This is in light of the fact that longer working hours are associated with higher productivity growth and profitability. Two years ago the World Management Survey on organizational leadership reported that firms led by family CEOs managers related to the family owning the business are often managed badly particularly those where a first born son has inherited the role of CEO from the previous leader. Now comes additional research showing that on average family CEOs also work significantly fewer hours per week than other nonfamily affiliated CEOs.
It s an important finding because longer working hours are associated with higher firm productivity and growth says Raffaella Sadun an assistant professor in the Strategy unit at Harvard Business School who studies the curious relationship between managerial incentives and motivation. “ GROUP” Family Bank Email List CEOs are a very interesting group says Sadun coauthor of the paper Managing the Family Firm Evidence from CEOs at Work pdf with Oriana Bandiera of the London School of Economics and Andrea Prat of Columbia University. On the one hand it stands to reason that they should be super motivated to work hard because whatever they do for the company adds to the wealth of their whole family Sadun says. On the other hand.
CEO s incentive to perform is in large part tied to what happens when he or she does not perform—a risk of getting ousted. But aligning a board to say we re going to start looking for someone else is a lot more complicated when the board is made up of family members who are related to the CEO. Primarily interested in incentives for growth in developing countries the researchers began their study in India where a large portion of businesses are family owned. But they ended up finding similar results with follow up studies in Brazil France Germany the United Kingdom and the United States.
It s an important finding because longer working hours are associated with higher firm productivity and growth says Raffaella Sadun an assistant professor in the Strategy unit at Harvard Business School who studies the curious relationship between managerial incentives and motivation. “ GROUP” Family Bank Email List CEOs are a very interesting group says Sadun coauthor of the paper Managing the Family Firm Evidence from CEOs at Work pdf with Oriana Bandiera of the London School of Economics and Andrea Prat of Columbia University. On the one hand it stands to reason that they should be super motivated to work hard because whatever they do for the company adds to the wealth of their whole family Sadun says. On the other hand.
CEO s incentive to perform is in large part tied to what happens when he or she does not perform—a risk of getting ousted. But aligning a board to say we re going to start looking for someone else is a lot more complicated when the board is made up of family members who are related to the CEO. Primarily interested in incentives for growth in developing countries the researchers began their study in India where a large portion of businesses are family owned. But they ended up finding similar results with follow up studies in Brazil France Germany the United Kingdom and the United States.